Maradu flats: Panel clears Rs 6.3 crore compensation

Kochi | Friday | 18th October, 2019

Summary:

By Express News ServiceKOCHI: Justice Balakrishnan Nair Committee appointed by the Supreme Court to consider the compensation for the Maradu flat owners on Thursday cleared 45 petitions and directed the state government to disburse an interim compensation of Rs 6.3 crore. Only four owners (of Alfa Serene, Jain’s Coral Cove) will receive the full interim compensation of Rs 25 lakh each. An owner of two apartments had claimed a compensation of Rs 3.10 crore. The committee recommended the lowest compensation amount of Rs 13.15 lakh to a resident of Golden Kayaloram whose actual claim was for Rs 69.9 lakh. On Monday, the committee had cleared 14 claim applications and recommended a compensation of Rs 2.56 crore..