oppn parties Regulatory Rot Responsible For Structural Flaws And Building Collapses

News Snippets

  • SP drops two candidates owing allegiance to Azam Khan from Rampur and Moradabad
  • In Assam, a controversy erupted after a picture of UPPL leader Benjamin Basumatary, lying on a stack of Rs 500 notes circulated on social media. UPPL is an ally of the BJP
  • AAP's Jalandhar-West MP Sushil Kumar Rinku joins the BJP. He was the only AAP Lok Sabha MP
  • Supreme Court dismisses Centre's plea to review its 2023 verdict in the PMLA case
  • Close save for passengers as they remain unhurt after the wings of two planes graze at Kolkata airport. Pilots derostered and inquiry ordered by DGCA
  • Bengal BJP leader Dilip Ghosh gets notice from the EC as well as the BJP for making ugly remarks about Mamata Banerjee's parentage
  • Sadanand Vasanth Date, who faught terrorists in the 26/11 attack and was awarded the Preisent's Police medal, has been appointed the head of the NIA
  • Centre will borrow Rs 7.5L cr in the first six months of FY25, nearly 50% of the target for the full year
  • 25 stocks, including SBI, will see same day trade settlements from today in the world's fastest settlement mode in both BSE and NSE
  • Stocks recover smartly on Wednesday: Sensex rises 526 points to 72996 and Nifty 118 points to 22123
  • Tennis: Rohan Bopanna-Matthew Ebden reached the semifinals of the Miami Open
  • IPL: records tumble as SRH beat MI in a high-scoring match. SRH score 277/3 with 18 sixes and Mumbai score 246 with 20 sixes to fall short by 31 runs. Atotal of 38 sixes, highest in an IPL match were hit and both teams combined to score 523 runs, the highest aggregate in an IPL match
  • Amul will launch fresh milk in the US
  • IPL: RCB beat Punjab by 4 wickets as Kohli and Karthik shine with the bat
  • India strongly objected to German foreign office remarks over the arrest of delhi CM Arvind Kejriwal, called it "biased assumptions"
Delhi Lt Governor Vinai Kumar Saxena says government cannot be run from jail, hints at President's Rule in the capital ////// In a dangerous incident, the wings of two planes grazed while taxiing on the runway at Kolkata airport, all passengers were safe but DGCA ordered an inquiry and the pilots were derostered
oppn parties
Regulatory Rot Responsible For Structural Flaws And Building Collapses

By Our Editorial Team
First publised on 2022-02-22 15:55:32

About the Author

Sunil Garodia The India Commentary view

The real estate market in NCR is in shambles. Shoddy construction, unsold inventory in ghost-like towers and disappearing promoters are giving the sector a bad name, especially in Gurugram, Noida and Greater Noida. Close on the heels of the problems of cracks in the NBCC Green View complex of 786 flats in 12 14-storey towers in Gurugram which led to the company asking residents to vacate the premises comes the news of a cave-in at the multi-storeyed Chintels Paradiso complex in the same city. Four more towers in the complex have been declared unfit for living by the town and country planner of the district. This proves that in addition to the problems home buyers face in getting possession of their homes despite making upfront payments and/or monthly installments (if taken on loan, which is how most homes are bought now), they have now got to be worried about how long the buildings will last.

NBCC has promised to refund the entire sum homebuyers had paid to it, with interest. But is that enough? As residents have pointed out, they have suffered immense hardships and mental stress staying in the shoddily constructed project. They also said that since 2011, when they booked their flats, prices in the locality have more than doubled. They have demanded that the NBCC should pay them an amount which will enable them to buy a similar house at current prices. In Chintels case, FIRs have been filed against the directors of the real estate company, the structural engineers and the architects and a SIT is already investigating the case. But starting criminal prosecution, although the correct legal way, brings little solace to those who have lost their homes and their life's saving. Although RERA has done away with the many discrepancies in the real estate business, it has very little to offer to people who suffer in this way.

The problem is mainly due to greed and corruption - greed on part of the builders who wish to make more out of a project than it is feasible by cutting corners, using sub-standard building materials and not adhering to the right concrete mix which makes structures weak; and corruption on part of the municipal authorities who either grant sanction to projects despite everything not being in place or turn a blind eye to deviations and structural flaws by taking their 'cut'. This has now become a pan-India problem and has to be fixed in a comprehensive manner.