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Thursday, April 17, 2014

Noida Authority seals Supertech towers

Noida Authority has sealed realty firm Supertech’s two 40-storey towers with more than 800 flats following the Allahabad High Court’s order to demolish the buildings. The towers — Apex and Ceyane — have a combined 857 apartments, of which 600 were sold, and are a part of Supertech’s Emerald Court project.On April 11, the court ordered the demolition of the two buildings in Noida and the refund of money to apartment buyers in response to a petition that alleged their construction had violated the law.
“The two towers have been sealed as per court direction,” a senior official of Noida Authority said.
Supertech, which has suffered a major setback with this decision, will move the Supreme Court in the next 7-10 days challenging the high court order, Chairman and Managing Director R K Arora had said on Monday.  Mr Arora maintained that the construction of the towers was according to the approved plan and was authorised. Hundreds of affected buyers held protests against the company and the high court order earlier this week. “We held a meeting with the affected buyers. Nobody wants refund of money. They only want their flats,” Mr Arora said. A division bench comprising Justice V K Shukla and Justice Suneet Kumar ordered the demolition of the two towers erected in Sector 93-A of Noida as part of the Supertech Emerald Court Complex “within a period of four months.” The complex has residential premises and shopping establishments.

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