₹500 crore has gone down the drain as the Supertech’s twin towers, Apex and Ceyane, in Noida’s Sector 93A were demolished following Supreme Court’s order, turning the structures into ashes on Sunday. The Noida authority said that 28,000 metric tonnes of construction will be generated out of this demolition and it will be treated at the Sector 80 treatment plant. Residents expressed mixed reactions towards the demolition order of the Supreme Court that termed the construction of twin towers illegal as they were built in violation of building regulations.
“We respect the SC order but to save the money spent on the construction of this building should have been handed over to the government that can rehabilitate the city’s homeless people or it could have turned into a hospital or any other charitable cause instead of wasting so much funds,” said Alok Singh, a founder member of the Active Citizen Team.
Another resident Sunil Mishra from Sector 135 said, “SC order gives a lesson to all of those, who take laws for granted and go to the extreme to flout rules to make money thereby cheating the investors or homebuyers.”
Also Read | What would be the aftermath of Supertech twin tower demolition
According to Supertech Limited, it invested ₹25 crore in land buying for this project and another ₹25 crore was invested in the obtainment of layout sanctions as one has to pay the approval cost to the Noida authority. The realtor bought this 8,000 square meters of land…
