Rs 25 lakh each allotted to 157 owners of Maradu flats

Maradu

Maradu: The groundwork to award compensation to owners of properties that are set to be demolished at Maradu in Ernakulam district as per a Supreme Court order.is being carried out briskly by the Justice K Balakrishnan Nair committee. The panel has recommended to give Rs 25 lakh interim compensation each to 157 owners of flats in the to-be-demolished four apartment complexes.

A total of Rs 39.25 crore would be allocated for the 157 flat owners. Those who had been earlier given compensation would be given the pending amount. The SC-appointed panel is yet to make a decision on the other applications.

As per the SC order, the four builders have to jointly deposit Rs 20 crore in the panel's account. The builders have to deposit the money depending on the value of each apartment and the number of flats. The builders of Alpha Serene high-rise has to deposit Rs 4.49 crore (Rs 6.15 lakh for each of the 73 flats); Golden Kayaloram Rs 2.46 crore (40 flats); Jain Coral Cove Rs 7.51 crore (122 flats) and Holy Faith H2O Rs 5.54 crore (90 flats).

If the builders have any objection, they would have to inform the Maradu municipal secretary by October 31. If needed, they would have to appear before the panel in person and appraise it.

As many as 60 flats in the apartment complexes still remain closed, the Maradu municipality has informed the panel. Efforts are being made to locate the owners, the civic authorities added.

Builder too seeks damages

Meanwhile, one of the builders has also sought for compensation. Holy Faith Builders and Developers MD Sany Francis has filed for compensation, pointing out that he too owned a flat in the apartment complex Holy Faith H2O. The panel has prima facie found that the request cannot be justified. The panel instructed to inform it in case of any objections.

Emptying of property

Those owners who are yet to remove their household goods would have to make a list of these and submit the application along with it to the municipality before October 31. The residents’ associations would be allowed to remove the equipment from the gym.

The articles removed by the firms, which have been awarded the contract for the demolition, should be kept at the apartment premises itself, the panel instructed.

The Supreme Court had ordered for the demolition of the four apartment complexes on May 9 after it was found that these were built violating the Coastal Regulation Zone norms. Though the flat owners had filed petitions against this order, the apex court did not entertain them.

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