Devastating Fire in Ghaziabad Destroys Luxury Flats Worth ₹50 Crore
Ashes and destruction: Flats worth Rs 3-5 cr damaged in Ghaziabad fire; of some, nothing is left
The Indian Express
Image: The Indian Express
A catastrophic fire at Gaur Green Avenue in Ghaziabad, Uttar Pradesh, India, has resulted in extensive damage to luxury flats, with losses estimated at ₹50 crore (approximately $6 million USD). Residents, including businesspeople and former government officials, have lost their homes and possessions, leaving many to seek temporary shelter elsewhere.
- 01The fire caused damage to flats valued between ₹3 crore to ₹5 crore each.
- 02Total estimated losses from the fire are around ₹50 crore (approximately $6 million USD).
- 03Residents are now facing the challenge of finding temporary housing after the disaster.
- 04Many affected residents had invested significant savings into their homes, with renovations costing up to ₹40 lakh (roughly $48,000 USD).
- 05Several residents, including former officials, reported having no fire insurance.
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A devastating fire broke out at Gaur Green Avenue in Ghaziabad, Uttar Pradesh, India, resulting in catastrophic destruction of luxury flats. The worst-hit apartments, particularly on the ninth and eleventh floors, were left covered in soot, with personal belongings charred beyond recognition. Businessman Anurag Sharma lamented the loss of his home, where he had invested all his savings and recently renovated for ₹40 lakh (approximately $48,000 USD). The total estimated damage from the fire is around ₹50 crore (roughly $6 million USD), affecting numerous residents who now face the daunting task of finding temporary accommodation. Ajay Sharma, a member of the Residents’ Welfare Association, noted that the flats, originally purchased for ₹1 crore in 2008, have appreciated significantly in value, now ranging between ₹3 crore to ₹5 crore each. Many residents, including former government officials, reported having no fire insurance, compounding their losses.
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The fire has left residents without homes and possessions, forcing them to seek temporary housing and support.
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