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The contractor will have to complete the demolition process of Signature View Apartment in 120 days after award of the contract. The apartment complex is yet to be fully vacated.
This is the sixth tower that has been declared “unsafe to live” by the IIT Delhi structural audit report. Prior to this, towers D, E, F, G and H were declared
The transaction is the latest in a string of notable land deals in the NCR. The sale deed was executed on December 22, 2023 and the company paid Rs 6.07 crore as stamp duty for the 5.78-acre plot and Rs 2.45 crore stamp duty for the 2.06-acre land parcel, documents showed.
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.
Officials said that the administration has also clarified that if defects are found and require repairs, half the expense would have to be borne by the RWA and the other half by the builder.