Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    US Residents Prefer Living In The Suburbs After The Covid-19 Pandemic

    March 29, 2023

    Ranveer Singh becomes the brand ambassador of Star Sports; says, “It’s an honour for me” : Bollywood News

    March 29, 2023

    STAR SPORTS BRINGS ON SUPERSTAR RANVEER SINGH AS BRAND AMBASSADOR TO FUEL SPORTS FANDOM!

    March 29, 2023
    Facebook Twitter Instagram
    Facebook Twitter Instagram
    Forbes Magazine
    Subscribe
    • Home
    • Bollywood
    • Hollywood
    • Entertainment

      STAR SPORTS BRINGS ON SUPERSTAR RANVEER SINGH AS BRAND AMBASSADOR TO FUEL SPORTS FANDOM!

      March 29, 2023

      Amaal Mallik Reveals Bootlicking, Campism In Bollywood, Reveals Dark Side Of The Industry Getting Inspired By Priyanka Chopra Jonas

      March 28, 2023

      “Both Are Pride Of India, Stop This Childish…”

      March 28, 2023

      Shah Rukh Khan Compared To Mumbai, Salman Khan Representing Delhi

      March 27, 2023

      Shraddha Kapoor & Aditya Roy Kapur’s ‘Enna Sonna’ Video Montage Is Making The Netizens Cry For Their Comeback; One Says “Ananya Panday Ka Long Term Nahi…”

      March 27, 2023
    • Interviews
    • Lifestyle

      Kindle, Kobo, Nook, iPad – The Hollywood Reporter

      December 8, 2022

      ‘KPOP’ Closing on Broadway in December – The Hollywood Reporter

      December 7, 2022

      1-800 Baskets, Wiliams Sonoma – The Hollywood Reporter

      December 6, 2022

      Armageddon Time, Bones and All Costume Designers on Bringing ‘80s Style Back – The Hollywood Reporter

      December 5, 2022

      Keke Palmer Announces Pregnancy in ‘SNL’ Opening Monologue – The Hollywood Reporter

      December 4, 2022
    • Business

      US Residents Prefer Living In The Suburbs After The Covid-19 Pandemic

      March 29, 2023

      The 3 Benefits Of Going Out In Nature

      March 29, 2023

      The 2 Basic Fears of Human Nature

      March 28, 2023

      Most Common Types Of Tests In All Categories

      March 28, 2023

      3 Ways to Make More Through Franchising

      March 28, 2023
    Forbes Magazine
    Home»Business»Demolition Of Twin Towers Also Demolishes Ego Of Builders, Authorities: Homebuyers’ Body FPCE
    Business

    Demolition Of Twin Towers Also Demolishes Ego Of Builders, Authorities: Homebuyers’ Body FPCE

    AuthurBy AuthurAugust 28, 2022No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Homebuyers’ body FPCE on Sunday termed the demolition of Supertech’s twin towers in Noida as a huge victory for flat owners and said it has also demolished the ego of builders and development authorities.

    The Forum For People’s Collective Efforts (FPCE), an umbrella body of homebuyers that played an important role in enactment and implementation of real estate law RERA, added that the responsibility of development authorities should have been fixed in this case.

    In August last year, the Supreme Court had ordered demolition of the 40-storey twin towers (Apex and Ceyane), which were part of Supertech’s Emerald Court project in Noida, Uttar Pradesh. There were over 900 flats in these two towers with height of around 100 metres.

    “My first reaction when the demolition happened is that it was the demolition of not just the building but also the builders’ and the authorities’ ego and complacency that they could do as they please,” FPCE President Abhay Upadhyay told PTI.

    Upadhyay, who is also member of the Central Advisory Committee- RERA, said it is certainly a huge victory for homebuyers.

    The FPCE president said the episode is also indicative of the changing builder-buyer equation as it shows that money and muscle power of builders can no longer deter homebuyers and they are ready for long-drawn legal battles.

    “Unfortunately, the Supreme Court has failed to identify and fix accountability on those involved in the (Noida) authority and also the behind-the-scenes actors influencing them at the behest of the builders.  

    “It would have been better if the court had done so or ordered a CBI enquiry to unearth all those people involved since any departmental enquiry might try to cover up and save those at fault,” Upadhyay said. 

    He, however, felt that such demolitions lead to wastage of financial resources and also have an implications on the environment and public heath.

    “So, exemplary punishment to all concerned can only act as a permanent deterrent against such malpractices and illegal constructions in India,” Upadhyay said.

    The nearly 100-metre-tall Apex and Ceyane towers — taller than Delhi’s iconic Qutub Minar — were demolished at 2.30 pm on Sunday in pursuance of the Supreme Court order that found their construction within Emerald Court premises in violation of norms.

    More than 3,700 kgs of explosives were used to implode the Apex and Ceyane towers.

    Over 5,000 residents of Emerald Court and ATS Village — the two closest societies to the twin towers — were evacuated on Sunday morning. Some 2,700 of their vehicles were also removed from the premises.

    On August 31 last year, the Supreme Court said the entire amount of homebuyers has to be refunded with 12 per cent interest from the time of the booking and the Residents Welfare Association be paid Rs 2 crore for the harassment caused due to the construction of the twin towers.

    A bench of Justices D Y Chandrachud and M R Shah said the April 11, 2014 verdict of the Allahabad high court, which directed demolition of twin towers, does not deserve any interference.

    The court had said the construction of Supertech’s twin 40-storey towers having 915 flats and 21 shops was done in collusion with Noida Authority and the high court was correct in holding that view. 

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleChandigarh, Delhi, Punjab Have Highest Number Of Rich People; Half Of Rural India Poorest
    Next Article DJ Pankaj a Music Producer, Pune’s Talented Underground Artist
    Authur
    • Website

    Related Posts

    US Residents Prefer Living In The Suburbs After The Covid-19 Pandemic

    March 29, 2023

    The 3 Benefits Of Going Out In Nature

    March 29, 2023

    The 2 Basic Fears of Human Nature

    March 28, 2023

    Most Common Types Of Tests In All Categories

    March 28, 2023

    Leave A Reply Cancel Reply

    Demo
    Our Picks
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    Business

    US Residents Prefer Living In The Suburbs After The Covid-19 Pandemic

    By AuthurMarch 29, 20230

    The Covid-19 pandemic has changed our lives to a great extent. We see that U.S.…

    Ranveer Singh becomes the brand ambassador of Star Sports; says, “It’s an honour for me” : Bollywood News

    March 29, 2023

    STAR SPORTS BRINGS ON SUPERSTAR RANVEER SINGH AS BRAND AMBASSADOR TO FUEL SPORTS FANDOM!

    March 29, 2023

    K-Pop Band EXO Faces Massive Backlash Over Sehun’s ‘Pregnancy Scandal’, But Here’s Why Demands of Chen’s Removal Amid This Are Going Viral On Twitter

    March 29, 2023

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Forbes Magazine
    Facebook Twitter Instagram
    • Home
    • Business
    • Entertainment
    • Lifestyle
    © 2023 Forbes Magazine.

    Type above and press Enter to search. Press Esc to cancel.