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Chennai: Collapsed Prime Sristi’s flat buyers form association

No Comments Sub Category:Chennai,Realty News Posted On: Jul 24, 2014

With the Prime Sristi multi-storey residential project at Moulivakkam – on the western outskirts of Chennai – having collapsed last month, more than 55 flat buyers have come together to form the ‘Moulivakkam Trust Heights Affected Flat Buyers Association,’ in an attempt to get their money back.

The Prime Sristi project was to comprise two towers of 11 floors each. On June 28, one of the towers collapsed, killing more than 60 construction workers. To investigate the incident, the Tamil Nadu government has appointed a one-man inquiry commission.

The Prime Sristi flat buyers who have formed the association recently held a meeting near the construction site, where huge banners have been put up to warn people not to go inside.

Revealing that more than 70 buyers had invested their life’s savings to buy flats at the prime Sristi project, the representatives of the association said that, with the building now having collapsed, the buyers are burdened with huge bank loans.

One of the flat buyers, LS Prashanth, said that the affected Prime Sristi flat buyers have recently come together as a group to find a solution to their problem. Prashanth said that the buyers do not know what to do after the collapse of the building; and added that all that the buyers want is “our money back.”

Source – The Hindu Business Line

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