Mumbai-based engineering firm Edifice Engineering has received a letter of intent from realty developer Supertech to demolish its twin towers in Noida. The realty firm had come under the notice of the Supreme Court last year, which ordered it to demolish the Twin Towers Apex and Cien in the Delhi-NCR region. The top court had recently pulled up supertech The company took this step after delaying the process of demolition of its illegal 40-storey Emerald Court Twin Towers project. The Supreme Court had last year ruled that illegal constructions should be dealt with strictly to ensure compliance with the rule of law.
Supertech’s letter to Edifice Engineering
Supertech on Sunday said it has submitted a letter of intent to a Mumbai-based firm regarding the demolition of its illegal twin towers. After receiving the letter, Edifice Engineering has sought pollution and environmental clearance from the Noida Authority.
The beleaguered company said a letter of intent was given on Saturday to Mumbai-based demolition specialist firm Edifice Engineering under the supervision of real estate consultant CBRI and Noida Authority, news agency PTI said in a report. ,
“The demolition agency was selected jointly by the Noida Authority as well as the CBRI. As per the Noida Authority’s analysis, the firm is technically sound to carry out the demolition safely,” Supertech Chairman RK Arora said in a statement. “The demolition firm has now sought No Objection Certificate (NOC) from various agencies. Transportation, storage and use of explosives, environment and pollution control agencies, traffic diversion plan etc., all of which are to be provided by the Noida Authority,” Arora said, adding, “On providing the required NOC by the Noida Authority, the demolition agency will soon start the demolition. Will prepare the program for this purpose and complete it as per the directions of the Noida Authority.”
What did the Supreme Court say about Supertech Twin Towers?
On August 31, the Supreme Court ordered Supertech to violate building norms and asked its twin towers to be demolished within three months as part of the Emerald Court project. The bench observed that there was collusion between the Noida authorities and the builders in facilitating the construction in violation of the rules and in the present case there was complicity of the Noida authorities.
On Wednesday, a bench of Justices DY Chandrachud and AS Bopanna again reprimanded Supertech for not complying with its orders. The bench said that if it feels that the realty firm is adopting all kinds of tactics to avoid complying with the orders of the court, then it will not tolerate it. “We will not tolerate this. We want the money to be paid by Monday. Do not make deductions that are not authorized by a court order. by PTI.
Problem
Supreme court The verdict was delivered on August 31 on petitions filed by home buyers for or against the Allahabad High Court’s 2014 order, which directed the demolition of the twin towers for violating norms. On April 11, 2014, the Allahabad High Court ordered the demolition of two buildings and refund of the money to apartment buyers within four months. The Supreme Court upheld this order.
What investors should know
Those who had invested in the Supertech Emerald Court project and bought a house are eligible to get a full refund with 12 per cent interest till Monday, January 17. The realty firm had earlier not complied with the apex court’s order, following which it was warned of dire consequences.
Supreme Court’s warning Some home buyers, who have filed contempt petitions, told the bench through their counsel that after the August 31 order last year, Supertech Ltd. has sent them an email and sought money from them. asked for. “When we go there they say that they will not pay the full money now, but they will pay in installments and want the home buyers’ signatures that they will not go to court against them. The other problem is that they will not be able to pay. are undervaluing the amount to go,” investors said as per a PTI report. The top court has directed that the entire amount to the home buyers be refunded on time with 12 per cent interest. of booking.
read all breaking news, today’s fresh news And coronavirus news Here.
,