Construction Infrastructure
SC orders demolition of Supertech’s twin 40-floor towers in Noida
The Supreme Court has ordered the demolition of two 40-storey towers of real estate company Supertech in one of its housing projects in Noida.
The court has ordered Supertech to compensate all the flat owners of both the towers of Noida along with 12 percent interest.
The Supreme Court has said that its construction was the result of collusion between the Noida Authority and Supertech officials. The court directed that it should be demolished within 3 months.
The Supreme Court’s decision comes on an appeal by Supertech and the Noida Authority challenging the Allahabad High Court’s decision of 11 April 2014, which had decided to demolish the two towers, Apex and Ciena, that form part of Supertech’s Emerald Court project.
At present, the Supreme Court has approved the order of the Allahabad High Court to demolish two 40-storey towers of Supertech in Noida.
Construction Infrastructure
The Adani Enterprises unit has received a letter of approval for an NH project in Maharashtra
Adani Road Transport Ltd (ARTL), a wholly owned subsidiary of Adani Enterprises, has received LoA for a project involving six laning of Kagal-Satara section of NH-48 (old NH4) in Maharashtra. The project will be executed under the Bharatmala Pariyojana at ₹2,008.47 crores. The construction period for the 67-km long road project is expected to be 2 years from the date of appointment and the concession period will be 18 years.
With this project award, Adani’s road portfolio will have total 14 projects with more than 5,000 lane km with asset value exceeding ₹41,000 crore spread across India.
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