Residents of Jains Westminster Saligramam, who have been running from pillar to post in the last few days after a portion of ceiling collapsed in their apartment complex, have signed an MoU with Jain Housing, the developer of the property.
According to the MoU between Jain Housing and Construction Ltd. and Jains Westminster Owners Welfare Association Saligramam, the real estate firm will reimburse the cost of repairs, rectification and renovation executed by the association till August 6 after verification of documents. It is learnt that the residents had spent over ₹4.47 crore on repairs.
In the MoU, the property developer has said that if the building was certified to be repairable, it would take up the structural repairs at its own cost. In the event of the building being found to be not repairable by the IIT CUBE and a competent government approved agency, then the company would undertake redevelopment or reconstruction of the property as per a mutually agreed terms between both parties, approved by a special general body meeting to be convened in this regard.
