- Supertech will again build new in Sector 93A
- Supertech said – will seek permission from Noida Authority
- Supertech will seek compensation if permission is not granted
Twin Tower demolition: Supertech’s twin towers in Sector 93-A in Noida may have been demolished, but the company is still not giving up. Supertech has announced to build new towers again on the site of the demolition of twin towers. People are confused about this too. The company had claimed a loss of around DKK 500 million. Rs due to the demolition of the twin towers. But now Supertech has to build a new tower again. Now people want to know if these towers will also be the same as before, if yes then what was the need to demolish the old one…? Your question is valid. Now let us tell you what Supertech will do instead of Twin Towers.
Noted real estate company Supertech Ltd is now looking to develop a new residential project at the same site after the demolition of its twin tower building in Noida with a controlled explosion. Supertech chairman RK Arora said if the Noida Development Authority does not approve the new project, the company will seek reimbursement of land costs and other expenses. Supertech has claimed a loss of around Rs 500 crore due to the demolition of the twin towers following the Supreme Court order. Both these towers inside the Emerald Court Society were built in violation of the prescribed norms. On August 28, by order of the Supreme Court, at 2:30 p.m., these approximately 100-meter high towers were demolished with a destructor.
The Twin Tower was on 14 hectares of land
More than 3,700 kg of explosives were used to topple the Twin Towers. After clearing the debris from the tower site, Arora said the company would submit a proposal to the Noida Development Authority to develop a residential project at the site. Along with this, the company will also seek consent from the Resident Welfare Association (RWA) at the Emerald Court premises, if required. He said the authority had allotted 14 acres of land to Supertech for a group housing project in Sector 93A in Noida. Twin towers were built on two hectares of this block of land. Arora in an interaction with PTI-Bhasha said, “Now the twin towers have been demolished and now we will come up with a proposal to develop a group housing project on two acres of land owned by the company.
Supertech will suffer if noida authority does not give permission
Asked about the possibility of the company getting its approval from the authority, he said the company will definitely make a plan and then the authority will take a call on it. Arora said if necessary, consent of RWA of Emerald Court would also be taken. The Supertech chairman said that in the event that the new project is not granted permission, the company will seek authority to refund the costs on this ground. Arora said, “At the current rate, the cost of this land should be around Rs 80 crore. Apart from this, around Rs 25 crore was also paid by Supertech for purchase of additional Floor Area Ratio (FAR) in this project. Penalties will be sought.”
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