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  • CBRI team surveys Supertech twin towers site in Noida Oct 12, 2021 08:57 PM IST

    CBRI team surveys Supertech twin towers site in Noida

    The site visit was followed by a meeting with Noida CEO Ritu Maheshwari during which the team discussed the roadmap for the demolition of the buildings.

  • Supertech demolition case: Noida Authority files FIR against 32 Oct 05, 2021 01:42 PM IST

    Supertech demolition case: Noida Authority files FIR against 32

    According to a statement by Noida Authority, 20 of its officials named in the Supertech twin tower case have retired, two are dead and four are still in office

  • Delhi High Court asks Supertech to pay Rs 40 lakh to homebuyer by October end Oct 04, 2021 07:37 PM IST

    Delhi High Court asks Supertech to pay Rs 40 lakh to homebuyer by October end

    The court was informed that the total amount due to the homebuyer was around Rs 1.78 crore, out of which Rs 50 lakh has been paid to him following the court’s order dated September 24

  • Supreme Court dismisses Supertech's plea seeking review of order to demolish twin 40-storey towers in Noida Oct 04, 2021 02:03 PM IST

    Supreme Court dismisses Supertech's plea seeking review of order to demolish twin 40-storey towers in Noida

    The filing of applications styled as miscellaneous applications' or applications for clarifications in the guise for review cannot be countenanced, the apex court said

  • Supertech demolition case: SIT submits report, finds involvement of 26 officials; UP govt suspends three Oct 03, 2021 10:09 PM IST

    Supertech demolition case: SIT submits report, finds involvement of 26 officials; UP govt suspends three

    The Uttar Pradesh government on October 3 has suspended three Noida Industrial Development Authority (NOIDA) officers over their role in illegal construction of Supertech’s two 40-storey towers in Noida

  • Twin tower case: Supertech moves Supreme Court, seeks to limit demolition to 1 tower Sep 29, 2021 01:55 PM IST

    Twin tower case: Supertech moves Supreme Court, seeks to limit demolition to 1 tower

    In its review petition, Supertech has contended that demolition of one tower alone would ensure compliance with minimum distance requirements and the national building code, without affecting the environment.

  • Noida brokers say sale of Supertech projects down by half after Supreme Court ruling Sep 28, 2021 01:04 PM IST

    Noida brokers say sale of Supertech projects down by half after Supreme Court ruling

    Builder says order will not have any adverse impact on the firm, its group companies or ongoing projects. The UPRERA had passed 282 orders against Supertech for refunds and issued 249 recovery certificates against the promoter. By June 23, only 101 cases were settled.

  • National consumer commission orders Supertech MD's arrest for failing to refund homebuyer Sep 22, 2021 10:20 AM IST

    National consumer commission orders Supertech MD's arrest for failing to refund homebuyer

    The commission directed that its order shall come into effect after seven days if the builder fails to deposit around Rs 1.79 crore

  • Supertech case: SIT likely to seek for an extension to complete probe Sep 10, 2021 09:01 PM IST

    Supertech case: SIT likely to seek for an extension to complete probe

    The investigation team was initially given time till Sept 9 to submit its report. Chairman Sanjiv Mittal confirms to Moneycontrol that it is yet to be submitted. The Supreme Court had, on August 31, ordered the demolition of two towers in Noida within three months.

  • Supertech case: SIT team visits Noida Authority office Sep 06, 2021 09:50 PM IST

    Supertech case: SIT team visits Noida Authority office

    The SIT will investigate the irregularities that transpired between 2004 and 2017 and ensure a time-bound probe into the construction of two multi-storey towers that had come up in violation of building bye-laws

  • Supertech twin tower demolition: SC calls out Noida authority-builder nexus Sep 03, 2021 08:31 PM IST

    Supertech twin tower demolition: SC calls out Noida authority-builder nexus

    Observing that there was collusion between Noida Authority and the builder in the construction of 40-storey twin towers in Noida, the Supreme Court on August 31 ordered the demolition of the structures located in Sector 93A within three months. Here’s what transpired

  • A struggling Noida market to feel the heat of SC verdict on Supertech demolition Sep 03, 2021 11:21 AM IST

    A struggling Noida market to feel the heat of SC verdict on Supertech demolition

    Homebuyers at the Supertech Emerald Court fought back against a builder with a vigour that should be an inspiration for other hassled real estate customers across the nation.

  • Supreme Court order in Supertech Twin Towers case a reform in itself: homebuyers Sep 02, 2021 02:05 PM IST

    Supreme Court order in Supertech Twin Towers case a reform in itself: homebuyers

    The judgment sends out a message that authorities’ power to approve can be scrutinised for legality and a structure can be demolished if the permissions are found to be illegal

  • Will ensure full compliance of SC order in Supertech case: Noida Authority Aug 31, 2021 09:05 PM IST

    Will ensure full compliance of SC order in Supertech case: Noida Authority

    Action will also be insured against the then officials of Noida Authority and the real estate group after an inquiry as per procedures, the officer said.

  • SC orders demolition of Supertech twin towers in Noida; observes construction was illegal as consent of buyers not taken Aug 31, 2021 12:38 PM IST

    SC orders demolition of Supertech twin towers in Noida; observes construction was illegal as consent of buyers not taken

    The Supreme Court observed that diverse and unseen groups of flat buyers suffer the impact of the unholy nexus between builders and planners.

  • “You are reeking with corruption right from your eyes and nose”. Why did SC so tell Noida Authority? Aug 06, 2021 12:18 PM IST

    “You are reeking with corruption right from your eyes and nose”. Why did SC so tell Noida Authority?

    At the heart of the matter is the Supertech Twin Towers in Noida. The Allahabad HC had ordered their demolition in 2004. However, on August 4, 2021, an SC bench SC stayed the verdict, and pulled up the Noida Authority. Here is all that you need to know about the case.

  • Emerald Court project: NOIDA reeking with corruption, in cahoots with Supertech, says SC Aug 04, 2021 10:00 PM IST

    Emerald Court project: NOIDA reeking with corruption, in cahoots with Supertech, says SC

    The top court, during the day-long hearing, also asked the NOIDA that being a regulatory urban planning authority it should take a neutral stand.

  • Supertech encroached upon green area, made 2 towers in Emerald Court project, flat buyers tell SC Jul 29, 2021 09:40 PM IST

    Supertech encroached upon green area, made 2 towers in Emerald Court project, flat buyers tell SC

    Senior advocate Jayant Bhushan, appearing for Emerald Court Owner Resident Welfare Association, said that as per the by-laws, the builder cannot change the green area without the consent of flat owners.

  • Supertech hasn't 'handed over' 200 flats, no OC obtained: Homebuyers Jan 28, 2020 09:51 PM IST

    Supertech hasn't 'handed over' 200 flats, no OC obtained: Homebuyers

    In a statement on Saturday, Supertech had said it "handed over as many as 200 flats in its Romano project to home buyers today"

  • Noida Authority issues RC to Supertech over non-payment of dues Oct 23, 2019 07:45 PM IST

    Noida Authority issues RC to Supertech over non-payment of dues

    'The RC was issued on Tuesday and includes a principal amount of Rs 253 crore and Rs 40 crore interest,' the official said.

  • Supertech looking to sell 9 lakh-sq-ft office complex in Noida for Rs 1,000 cr Mar 20, 2019 12:40 PM IST

    Supertech looking to sell 9 lakh-sq-ft office complex in Noida for Rs 1,000 cr

    According to sources, Supertech is in advance stage of discussions with some potential buyers to sell this office complex, and the deal could be finalised soon.

  • HRERA issues notice to Supertech for selling a project without permission Mar 15, 2019 01:04 PM IST

    HRERA issues notice to Supertech for selling a project without permission

    The authority has also imposed a penalty of five percent on the estimated cost of the real estate project.

  • Supertech claims to have serviced its interest to a PSU bank Oct 30, 2018 05:08 PM IST

    Supertech claims to have serviced its interest to a PSU bank

    Meanwhile, the realty firm plans to raise about Rs 1,200 crore by monetising its 1 million sq ft retail space in a mixed-use project at Noida and deliver around 10,000 units by the end of this year.

  • Sharp fall of NBFCs after Supertech’s default: Overreaction or justified? Oct 22, 2018 01:30 PM IST

    Sharp fall of NBFCs after Supertech’s default: Overreaction or justified?

    Nervousness in the stock market and fears of a liquidity squeeze for NBFCs creating solvency issues for real estate players are the reasons for the free fall in NBFC shares post Supertech’s default.

  • NBFCs must improve credit quality and reduce risks, say experts Oct 20, 2018 08:29 AM IST

    NBFCs must improve credit quality and reduce risks, say experts

    Investors have punished the finance sector with a nearly 10 percent fall in the BSE stock market over the past one month

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