Realty firm Chintels Group has offered to buy back about 180 flats from homebuyers of three towers of its project in Gurugram after they were declared unsafe following a partial collapse last year that led to the death of two women. The company has given two options to affected homebuyers.
The first option is for the company to buy back flats in Tower D, E, and F at ₹ 6,500 per square foot (super area) and refund the actual stamp duty paid by the flat owners. The second option is for the company to repair and/or rebuild the three towers, but it has sought ₹ 1,000 per square foot (super area) from the allotted if there is any need to redevelop any tower. Chintels has said in the letter that it will not pay rentals to residents of Tower D from April 30 for alternative accommodation.
The company has also sought that these three towers should be handed over to them soon, and all restrictions on registrations of sale deeds of all its projects be removed. JN Yadav, Senior VP, of Chintels, has said that the company is confident that many of the residents will be satisfied with these options.
