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New procedures will help ensure the safety, stability, and resilience of condominiums and cooperatives for generations to come....

Residents say that prices have appreciated in the last one year, and the builder should provide a buyback offer per the market rate. At present, residents do not have a rehabilitation offer on hand as both the offers — for reconstruction and buyback — have been withdrawn by the builder.

India News: Supreme Court Judge Abhay Oka on Saturday said urban development must not be just about high-rises, massive flyovers and roads but also parameters lik

The 12-storey towers were declared structurally unsafe by IIT Delhi last year. After this, the DDA had asked the 1,200-1,300 residents to vacate the premises. Once they vacate, DDA will make preparations for the demolition of the towers.

Officials said that during the review of the report it was found that Tower H was “unsafe for human habitation” and should be vacated within 15 days.

In 2021-22, a study conducted by the Indian Institute of Technology, Delhi, at the behest of DDA, found that the building was “structurally unsafe”, and suggested that the best option was to “vacate and dismantle” the complex.

Close to 60 developers have projects that are running late but few of them have fulfilled this obligation

Experts say this may be due to several reasons, including a shift in homebuyers real estate preferences and the rising construction costs in the city amid a global recessionary market.