Gurugram: Compensation Plan Prepared for Chintels Paradiso Flat Owners

                Gurgaon: In a relief for homeowners of towers 
A, B, and C of Chintels Paradiso in Sector 109, 
a high-level meeting chaired by the deputy 
commissioner proposed two compensation 
options for them, upholding the Central 
Building Research Institute (CBRI) report, that 
deemed the towers structurally unsafe.
The homebuyers can opt for a full refund at the 
market rate with additional compensation. The 
prevailing market rates are: Rs 7,900 per 
square foot for Towers A and B, and Rs 7,500 
per square foot for Tower C. Additional 
compensation includes a refund of the stamp 
duty paid, with 18% annual interest. An 
additional Rs 10 lakh will be paid as exemplary 
damages.
The homeowners can also opt for the 
reconstruction of towers A, B, and C. Residents 
who choose this will be paid a fixed rent for 
alternate accommodation, the Supreme Court 
ordered on Jan 4 last year.
The committee also reaffirmed that rent 
payments for displaced residents would 
continue as per the orders issued by the 
divisional commissioner on June 6, 2024.

The meeting, convened after homeowners' 
representations, also considered the reply 
submitted by Chintels India Pvt. Ltd. The 
discussion centred around the structural 
integrity of the 
buildings and possible rehabilitation 
measures.
An investigation by CBRI concluded that the 
structures were beyond repair, necessitating 
urgent action.
The structural assessments of Paradiso's 
towers began after a vertical collapse of living 
rooms of flats across five floors in Tower D on 
Feb 10, 2022, led to the death of two residents, 
which was followed by days of protests on the 
compound, with residents accusing the 
developer of not reacting on time to concerns 
like sagging balconies that they had raised.
Spokesperson for the developer said "Now that 
the value of flats is determined, we will offer to 
buyback at the rate determined by the govt. 
approved valuator."


Source : Times of India