Haryana Authority Orders ₹4 Crore Compensation for Chintels Paradiso Flat Buyer After Deadly Collapse
Haryana real estate body orders Rs 4-crore payout for Chintels Paradiso flat buyer, using Google AI
The Indian Express
Image: The Indian Express
A woman who purchased a flat in Chintels Paradiso, Gurugram, is set to receive ₹4 crore in compensation after the Haryana Real Estate Regulatory Authority (HRERA) increased the payout based on a significant rise in local property rates. This decision follows a deadly building collapse in 2022 that rendered the entire project unsafe.
- 01The Haryana Real Estate Regulatory Authority (HRERA) mandated a ₹4 crore payout for a flat buyer in Chintels Paradiso, Gurugram.
- 02The compensation was increased from ₹7,500 to ₹13,000 per square foot based on a 64.7% rise in local property rates.
- 03The decision was influenced by an AI analysis of property values in the area.
- 04The Chintels Paradiso project was declared unsafe after a deadly collapse in February 2022, resulting in two fatalities.
- 05The developer, Chintels India Private Limited, has been held accountable for the project's safety issues.
Advertisement
In-Article Ad
The Haryana Real Estate Regulatory Authority (HRERA) has ordered Chintels India Private Limited to compensate Aruna Garg, a flat buyer in Chintels Paradiso, Gurugram, with ₹4 crore for her 3,150-square foot unit. This decision, made on March 30, reflects a significant increase from the previous compensation rate of ₹7,500 per square foot to ₹13,000 per square foot, based on a 64.7% rise in local property prices tracked through an AI overview. The case stems from a tragic incident on February 10, 2022, when a portion of the building collapsed, resulting in two deaths and subsequent safety audits that deemed the entire project unfit for habitation. The HRERA emphasized that the developer is solely responsible for the safety and construction standards of the project, as the allottee could not be blamed for defects. The ruling also included refunds for stamp duty and compensation for mental distress, highlighting the accountability of developers in ensuring safe living conditions.
Advertisement
In-Article Ad
This ruling sets a precedent for accountability in real estate projects, ensuring that developers are held liable for safety and construction standards, which could benefit future buyers.
Advertisement
In-Article Ad
Reader Poll
Do you think developers should be held accountable for construction safety?
Connecting to poll...
More about Haryana Real Estate Regulatory Authority
Read the original article
Visit the source for the complete story.