Dedicated locality research platform
Dedicated locality research platform
Enter your email address and you will receive
a link to reset your password
The Lucknow Development Authority (LDA) plans to require private developers to specify the age of their projects when submitting building plans for structures with four or more floors. This decision follows a building collapse incident in Hazratganj in January, which resulted in three fatalities. The LDA aims to ensure proper structural safety for buildings with four or more floors and will discuss the strategy at their board meeting on April 10.
A panel of experts will be formed to regularly certify the structural safety of buildings once the project's lifespan approaches its end. While taking to the press, LDA's Vice-Chairman Indramani Tripathi stated that the first audit will be conducted after a period of five years of completing construction of the building and audits thereafter be conducted at regular intervals. The concerned developer or the association of the unit owners which maintains the property will be liable to bear the repairing expenses.
This new policy will apply to all commercial, residential, and other types of properties with four or more stories. To date, LDA has approved 1,050 buildings across all categories that are at least four stories high. The number of buildings and structures constructed illegally remains unknown. The move is expected to improve the quality of construction within the real estate sector in Lucknow.
In addition to enhancing structural safety, the new policy is designed to protect property buyers by ensuring they are well-informed about the projected lifespan of their investments. This transparency will help buyers make informed decisions when purchasing property and encourage developers to prioritize safety and quality in their projects.
Furthermore, the policy will help establish a standardized process for monitoring the structural integrity of buildings throughout their lifespans. Regular audits will enable authorities to identify potential issues and address them before they become hazards. As a result, residents and businesses will benefit from safer living and working conditions.
In the long run, this policy may also have a positive impact on Lucknow's real estate market. With increased transparency, improved construction quality, and a focus on safety, property values could see a steady rise. This would attract more investors and homebuyers to the region, boosting the local economy.
Finally, this initiative sets a precedent for other cities in India to consider implementing similar policies, leading to a nationwide improvement in construction quality and safety standards. By prioritizing the well-being of property buyers and ensuring that construction companies adhere to strict regulations, the real estate sector can become more robust and reliable.
In conclusion, the LDA's new policy requiring builders to declare project lifespans in their plans is an important step towards ensuring the safety and quality of construction in Lucknow's real estate sector. This move will enhance buyer confidence, encourage developers to prioritize safety, and establish a standardized process for monitoring building integrity, ultimately benefiting both the local community and the real estate market as a whole.
Propscience is India’s dedicated property news portal. We cover the latest events, news, trends, deals, new launches and more.
All our services and tools are completely free of cost and available 24X7!
