Home > Latest News > Government approves compensation scheme for bilked homeowners

Government approves compensation scheme for bilked homeowners

The government has approved a compensation scheme for the property damage caused to hundreds of residents as a consequence of failed construction at 72-80 Arami street, downtown Yerevan.

It has been proposed to merge Yerevan community-owned building at 72, 74 and 76 Arami Street into the charter capital of D&H Group LLC, the owner of a multi-functional unfinished building at ½ Tsitsernakaberd Street. By the new decree, those residents who have suffered damage because of the fraudulent sale to multiple buyers per apartment in the above-mentioned dwellings, will receive apartments at the one being built at ½ Tsitsernakaberd Street.

Armenian News

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