SNN Raj Corp to rebuild 49 apartment blocks in Bengaluru at no cost to buyers

Real estate developer SNN Raj Corp will demolish and reconstruct 49 apartment blocks in its Bengaluru project after a soil testing error caused structural concerns. The company said buyers will bear no cost, with reconstruction expected to take around two years

Bengaluru: Real estate developer SNN Raj Corp on Friday announced the complete reconstruction of 49 apartment blocks at its upcoming project, SNN Raj Etternia in HSR Layout, at zero cost to the buyers. According to the GBA officials, one of the residential towers of the multi-storey complex built by SNN Raj Corp tilted slightly. Realising the gravity of the situation, the builder voluntarily approached the BBMP Chief Commissioner M Maheshwar Rao with a proposal to demolish the structure.

Speaking to PTI, the realty firm’s director (operations) Anuj Sanjay Jain, said there was a mistake in the soil testing which caused the loss. “We have decided to rebuild the entire structure. We will demolish it, which will take at least six months. Another 18 months will be needed to rebuild the structure,” Jain said.

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He said this information has been shared with the home buyers who were initially disappointed but later agreed. A statement issued by the firm said, “Despite the structures having received the Occupancy Certificate and almost ready for handover, the developer chose to prioritise long-term structural integrity and customer safety over financial considerations.”

The company said the borehole readings were interchanged and it was unfortunate that it discovered this only after the structure was ready.

“Even though the blocks are fully completed and almost ready to hand over, we have taken the decisive step to reconstruct the 49 houses because our priority is ensuring that our customers get only a perfect home and nothing short of it. The total number of units in the project is 972, out of which 822 have already been handed over for possession.”

The company said it has already approached the Real Estate Regulatory Authority (RERA) to formally apprise it of the “external agency’s error and the company’s voluntary decision to rebuild”.

“The company has also updated the GBA of the same and sought permission to demolish,” the statement read. It added that there will be zero cost to buyers as it will “entirely absorb the multi-crore reconstruction costs”.