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Real estate developer agrees to repair contract for Puerto Morelos homes

Puerto Morelos, Q.R. — Procuraduría Federal de Protección al Ambiente (Profepa) says they have reached an agreement with a real estate company to repair hidden defects in a Puerto Morelos project.

Federal officers say they have reached an agreement with the company to repair around 5 million peso in defects that will benefit the more than 300 residents of the Palma Real Fractionation in Puerto Morelos.

The president of the committee of the Neighborhood Association of Palma Real Fractionation, Francisco Enríquez along with the delegate of the Federal Consumer Agency, Xavier Rosado, announced the agreement with the company ITM Developers.

The agreement was reached after 307 complaits were filed for hidden defects in the units and breach of contracts in common areas. The agreement will see repairs valued at more than 5 million peso. Francisco Enríquez highlighted the support received from the federal agency, which required two months of meetings before an agreement was finally reached.

Common defect complaints consisted of humidity, cracks in the walls, improper installed hydro-sanitary systems and electrical issue.

He says problem has been ongoing for a couple of years without having been able to achieve any real progress. Part of the agreement consists of the adaptation of common areas such as pools and gardens, in addition to a compensation with land that they are donating to create green areas.

The company has also agreed to purchase the material needed to provide a security fences around part of the area.

Javier de Jesús Rosado added that “After a long negotiation with ITM we have agreed that if in the future we receive any other complaints, we will communicate everything immediately and initiate the negotiating procedure.”

In 2016, the houses were selling for around 900,000 peso. They are currently selling for around 1.3 million.