Need For a Positive, Transparent and Strong Realty Sector

New Delhi: The BJP led central government has created a ray of hope for the real estate industry, by stressing on the infrastructural improvements in the country. But the incidents and conditions that still hover on the sector may horrify you. In a very recent building collapse that took place....

Date:- 2014-07-01 07:43:35

New Delhi: The BJP led central government has created a ray of hope for the real estate industry, by stressing on the infrastructural improvements in the country. But the incidents and conditions that still hover on the sector may horrify you. In a very recent building collapse that took place in Delhi and Chennai, loss of lives and properties has raised several questions in the minds of the citizen which needs to be answered.

 

It has been reported that ten residents of a building including five children were killed on Saturday morning in Inderlok’s Tulsi Nagar area in North Delhi. The mishap took place when a four-storey building was razed to the ground due to digging in the adjacent plot. Many survivors complained that the corporation officials had paid no heed to their complaints.

 

At around 8.30 am, the building on 22 square yard fell down. Mohammed Naeem, one of the victims of the incident, said, “I came back after taking bath, and while wearing my shirt, I suddenly felt that the building was shaking. Before I could realize anything, the building tilted towards the house across the lane and then collapsed, bringing me down as well.”

 

Naeem approached the cops again and again, when the adjacent building was earlier demolished; but no one listened to his complaints. However, corporation officials found the contractor guilty for not taking any approval before beginning the digging of the land. One of the officials said that it might be possible that they had dug 15-foot deep pits to erect pillars due to which they have also destructed the base of the neighboring building.

 

The victims were immediately taken to Hindu Rao Hospital in Malka Ganj and Acharya Shree Bhikshu Hospital in Moti Nagar. While two of the injured have been given treatment, 10 others were declared brought dead.

 

Similarly, in another incident in Chennai, a building collapse took place; it is feared that more than 25 people are stuck under the debris. The building was under construction in Moulivakkam near Porur on Kundrathur Main Road, which collapsed at 5.30 pm on Saturday. The two residential projects, “The Faith” and “The Belief” having 11- story buildings, known as “Trust Heights”, were promoted by Prime Sristi Housing Pvt Ltd.

 

After the mishap took place, more than 105 Fire and Rescue Service personnel were involved in the rescue work. According to some residents, the sudden rain on Saturday evening might have caused the collapse.  About 50 construction workers were present while the collapse took place.

 

Tamil Nadu Chief Minister (CM), Jayalaitha, said that she had ordered the police to take action against the guilty.

 

Witnessing such incidents, it seems that the new government should focus on the weak regulation in the real estate market.  Lack of good quality material, illegal constructions, forge approvals, unsuitable floor area ratio, and various other such factors are responsible for these incidents. There is an urgent need to reform the real estate sector. The Narendra Modi -led- NDA government should take essential steps to establish a strong and positive real estate sector. 

 

Source: Buyproperty.com News Bureau

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