Audits in highrises held up as 'builders to deposit funds'
Real Estate

Audits in highrises held up as 'builders to deposit funds'

Delays in the structural audits of high-rise residential societies have been attributed to developers' failure to provide the necessary funds for plan execution. In addition to the financial shortfall, developers have not shared crucial building plans required to conduct these structural assessments. To address these issues, a recent meeting was convened by Additional Deputy Commissioner Hitesh Meena, bringing together the District Town Planner (DTP), structural audit agencies, and developer representatives to assess the progress of the audit process.

During the meeting, Meena directed the District Town Planner to issue a final warning to developers, urging them to cooperate promptly. He made it clear that if they fail to do so, appropriate actions will be taken against them. The discussion also encompassed the ongoing valuation of interior work in towers G and H, as well as the status of refunds for affected flat owners in Chintels Paradiso, located in Sector 109.

Manish Yadav, District Town Planner (Enforcement), informed the Additional Deputy Commissioner that a majority of developers have yet to deposit the necessary funds required for the testing phase of structural audits for 15 societies in the second stage of the first phase.

In summary, delays in structural audits due to inadequate funds and withheld building plans have prompted authorities to issue a final warning to developers, emphasizing the need for cooperation. The meeting also addressed related issues and established a course of action for future proceedings.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Delays in the structural audits of high-rise residential societies have been attributed to developers' failure to provide the necessary funds for plan execution. In addition to the financial shortfall, developers have not shared crucial building plans required to conduct these structural assessments. To address these issues, a recent meeting was convened by Additional Deputy Commissioner Hitesh Meena, bringing together the District Town Planner (DTP), structural audit agencies, and developer representatives to assess the progress of the audit process. During the meeting, Meena directed the District Town Planner to issue a final warning to developers, urging them to cooperate promptly. He made it clear that if they fail to do so, appropriate actions will be taken against them. The discussion also encompassed the ongoing valuation of interior work in towers G and H, as well as the status of refunds for affected flat owners in Chintels Paradiso, located in Sector 109. Manish Yadav, District Town Planner (Enforcement), informed the Additional Deputy Commissioner that a majority of developers have yet to deposit the necessary funds required for the testing phase of structural audits for 15 societies in the second stage of the first phase. In summary, delays in structural audits due to inadequate funds and withheld building plans have prompted authorities to issue a final warning to developers, emphasizing the need for cooperation. The meeting also addressed related issues and established a course of action for future proceedings.

Next Story
Infrastructure Energy

Orb Energy Achieves Rs 3 Bn Milestone in Solar Financing Success

Orb Energy, a vertically integrated solar energy solutions provider, has achieved a significant milestone by surpassing Rs 3 billion in financing disbursements through its in-house finance facility that requires no collateral or down payment. This accomplishment underscores its dedication to supporting small and medium enterprises (SMEs) and micro, small, and medium enterprises (MSMEs) in India in transitioning to cost-effective solar energy solutions. The company has installed approximately 350 MW of solar photovoltaic systems nationwide, with a strong foothold in southern and western India...

Next Story
Infrastructure Energy

90% Defaulters Yet to Settle Rs 3.17 Bn Power Dues in Noida

Out of a total of 1.31 lakh defaulters in Noida, only 13,500 consumers availed of the one-time settlement (OTS) scheme during its first phase. The Uttar Pradesh Power Corporation (UPPCL) launched the scheme in three phases, from December 15, 2024, to January 31, 2025. These consumers cleared dues amounting to Rs 300.40 million out of a total Rs 3.47 billion owed. Officials emphasized that stricter enforcement of the scheme would be implemented in the coming phases. During a recent weekend meeting with the technical team of the power department, the Noida zone's chief engineer instructed that..

Next Story
Infrastructure Energy

NER Invites Bids for 10 MW Rooftop Solar Projects in Uttar Pradesh

The Varanasi division (electrical) of Northeastern Railway has recently issued four tenders for a total of 10.4 MW on-grid rooftop solar systems to be installed at various buildings in Gorakhpur, Uttar Pradesh. The tenders include different project capacities, with submission deadlines set between January 31 and February 3, 2025. Bidders are required to submit earnest money deposits (EMDs) ranging from Rs 0.89 million to Rs 1.2 million depending on the tender, with the expected project costs varying between Rs 148 million and Rs 174.08 million. The selected contractors will be tasked with sup..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000