Supertech plans new project on same site after Twin towers demolition
According to its chairman R K Arora, the real estate business, Supertech Ltd. plans to construct a new housing project at the same location and will ask for a reimbursement of land fees and other expenses if the plan is rejected by the authorities. The deconstruction of the company's twin buildings resulted in a loss of roughly Rs 500 crores. Two towers nearly 100 meters tall, Apex and Ceyane, were demolished at 2:30 PM on August 28 in compliance with a Supreme Court decision that said it was illegal for them to have been built inside the grounds of the Emerald Court. More than 3,700 kg of explosives were used in this operation. After the debris has been cleared away, according to Arora, the business plans to submit a request to the Noida Building Authority for the construction of a housing project and, if necessary, seek authorization from the RWA of Emerald Court. "The Noida administration gave us 14 acres of land in Noida Sector 93 A to construct the group home complex. Th...