SC VERDICT on Supertech: DEMOLISH 40-storey twin towers in 3 months, return money to HOME BUYERS in 2 months, apex court tells real estate firm

The Supreme Court on Tuesday ordered the demolition of Supertech’s twin 40-storey towers in the Emerald Court project in Noida for violation of building norms. The Apex Court upheld the order passed by the Allahabad High Court directing the demolition.

Terming it as an ‘unholy nexus’ between the builders and the Noida authorities, a two-member bench of Justices DY Chandrachud and MR Shah directed that the entire amount of home buyers be refunded with 12% interest from the time of the booking. It has also directed to pay the Residents Welfare Association Rs 2 crore for the harassment caused due to the construction of the twin towers.

SC said that construction of Supertech’s twin 40 storey towers Supertech’s Emerald Court project having 915 flats and shops was done in collusion with NOIDA authority and Supertech.

In its verdict, Supreme Court said that construction of the twin towers containing around 1,000 flats in Supertech Emerald Court in Noida were done in violation of the rules and must be razed within a period of three months by Supertech at its own cost.

The top court is hearing appeals of Supertech Ltd and other petitions filed by home buyers for or against the Allahabad High Court”s 2014 order directing demolition of the twin towers for being in violation of norms.

The real estate firm had moved the top court challenging the Allahabad High Court order to demolish the company”s two 40-storey towers in a Noida housing project. On April 11, 2014 the Allahabad High Court ordered the demolition of the two buildings within four months and the refund of money to apartment buyers.

The high court had also directed grant of sanction for prosecution of Supertech’s officials and New Okhla Industrial Development Authority (Noida) officials for possible violations of the Uttar Pradesh Urban Development Act 1973 and Uttar Pradesh Apartment (Promotion of Construction, Ownership & Maintenance) Act 2010.

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