India, July 24 -- In a rare move, a Bengaluru real estate developer has decided to voluntarily demolish and rebuild an 18-storey residential tower after it developed a slight tilt barely three months after receiving an Occupancy Certificate (OC), even though all 49 apartments had been sold and were ready for handover, media reports said.

The affected tower is part of SNN Raj Etternia, a housing project near Kudlu, off Hosur Road in South Bengaluru. The development comprises around 15 towers with nearly 970 apartments, but the structural issue has been identified only in Block E-3, which houses 49 ready-to-move-in flats. Apartments in the tower were reportedly priced between Rs.1 crore and Rs.5 crore.

A set of questions has been sent to ...