Realty firm Supertech Ltd has incurred a loss of about Rs 500 crore, including construction and interest costs, because of the demolition of its twin towers ...
More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. We assure all our home buyers that the order of Supreme Court will not affect any other ongoing project and all other projects will continue," it added. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The cost of the demolition itself is estimated at about Rs 20 crore.
Adding construction and interest cost, the total loss of Supertech firm reached around ₹500 crore as the twin towers were demolished today.
It took the realtor 5 years to build Supertech's 102 and 97 meters tall twin towers in Noida before the Allahabad high court first ordered their demolition ...
A bench of Justices Hemant Gupta and Sudhanshu Dhulia issued notice to the state on the pleas and posted them for hearing on September 5. The housing societies in the adjacent area of the demolished Supertech twin towers in Uttar Pradesh's Noida have started clean-up drives a day after the two buildings were razed down. An FIR was lodged against the seer under various sections of the Indian Penal Code and the Protection of Children from Sexual Offences (POCSO). Residents expressed mixed reactions towards the [demolition order of the Supreme Court](https://www.hindustantimes.com/cities/noida-news/supertech-twin-tower-demolition-a-much-needed-shake-up-for-realty-in-noida-101661378184927.html) that termed the construction of twin towers illegal as they were built in violation of building regulations. She had been living in a rented room in Manali along with her mother for quite some time and befriended the accused a few days ago. The actor appeared before the investigating officer around 7 am on Monday and his statement was recorded, the official said. The Himachal Pradesh Police have arrested a Singapore national for allegedly raping a Russian woman at the tourist town of Manali in Kullu district. The realtor bought this 8,000 square meters of land for Apex and Ceyane in 2009 along with other land parcels of 46,000 square metres on which Emerald Court’s 11 residential towers were standing. [₹500 crore has gone down the drain as the Supertech’s twin towers](https://www.hindustantimes.com/india-news/noida-supertech-twin-towers-demolished-ending-9-year-old-battle-101661675369197.html), Apex and Ceyane, in Noida’s Sector 93A were demolished following Supreme Court’s order, turning the structures into ashes on Sunday. We have already borne ₹500 crore cost in 2014, when Allahabad high court ordered demolition. The Chitradurga Police on Monday detained Murugha Mutt seer Shivamurthy Sharanaru after two girls accused him of sexual assault. [It took the realtor 5 years to build these two 102 and 97 meters tall towers](https://www.hindustantimes.com/india-news/supreme-court-seeks-timeline-from-supertech-to-refund-homebuyers-101661537762900.html) before the Allahabad high court first ordered demolition in 2014 for violations of building regulations.
Out of over 600 buyers who had bought flats in these two towers, all of them, except 59, have either got a refund or swapped flats for other projects of the ...
Mittal, the co-chairman of the National Council of Indirect Taxes, Assocham, suggested. Today, with the increase in the cost of construction, it is estimated to be over Rs 300 crore. It would have minimized the loss of public money.
Supertech twin towers demolished - loss incurred by supertech.
The construction cost was a Rs 933 per sq feet aggregating to a total of Rs 70 crores. There were about 915 flats in the two buildings, which would have earned the company about Rs 1,200 crore. Noida: There was a lot of buzz in the city of Noida today as the 9 year old saga of the Supertech’s twin tower was demolished in 9 seconds.
politics : The twin towers that were built for many years were demolished and razed to the ground within seconds today. The twin towers Apex and Cyan built ...
70 crores.It is also said that the cost of a three-flat apartment in this Supertech Emerald [court](/search/topic?searchType=search&searchTerm=COURT)project is around 1.13 crore rupees. The total cost of construction of this building with a total area of 7.5 lakh square feet is Rs. It is also said that 180 crore rupees have been collected from the [customers](/search/topic?searchType=search&searchTerm=CUSTOMER)through this. However, in 2012, the plan was amended and permission was given to build up to 40 floors in both 2 buildings. Initially, it was planned to build 14 floors in one building and 9 floors in another. The twin towers that were built for many years were demolished and razed to the ground within seconds today.