#ICYMI: What does it take to pull down a building such as the Twin Towers at #Supertech Emerald Court in #Noida? What are the costs? What's the technology?
Vandana Ramnani talked to demolition expert Sharad B Sarwate for answers.
Many interesting takeaways!
https://www.moneycontrol.com/news/business/real-estate/supertech-case-demolition-man-explains-how-he-razes-buildings-to-the-ground-7424971.html?utm_source=telegram&utm_medium=social
Vandana Ramnani talked to demolition expert Sharad B Sarwate for answers.
Many interesting takeaways!
https://www.moneycontrol.com/news/business/real-estate/supertech-case-demolition-man-explains-how-he-razes-buildings-to-the-ground-7424971.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech Case: ‘Demolition Man’ Explains How He Razes Buildings To The Ground
Sharad B Sarwate is an expert in pulling down buildings. He was roped in by the Kerala government to help guide the demolition of apartments in Maradu, Kochi after a Supreme Court order in 2019. He weighs in on the demolition of the Supertech Twin Towers…
Almost a week after the #SupremeCourt ordered the demolition of #Supertech’s 40-storey #TwinTowers, the real estate firm said that its other under-construction projects are not linked to the twin towers.
Vandana Ramnani reports
https://www.moneycontrol.com/news/business/real-estate/apex-ceyane-twin-towers-not-part-of-any-ongoing-project-supertech-group-7434921.html
#RealEstate #SupertechGroup
Vandana Ramnani reports
https://www.moneycontrol.com/news/business/real-estate/apex-ceyane-twin-towers-not-part-of-any-ongoing-project-supertech-group-7434921.html
#RealEstate #SupertechGroup
Moneycontrol
Apex-Ceyane Twin Towers Not Part Of Any Ongoing Project: Supertech Group
Timelines of all other projects will be adhered to; promoters are within the country and not travelling, says Supertech MD Mohit Arora
#RealEstate: The national consumer commission has sentenced #Supertech MD, Mohit Arora, to three years in jail for failing to refund a homebuyer in #UP's YEIDA for several years ⏬
https://www.moneycontrol.com/news/business/national-consumer-commission-orders-supertech-mds-arrest-for-failing-to-refund-homebuyer-7492861.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/national-consumer-commission-orders-supertech-mds-arrest-for-failing-to-refund-homebuyer-7492861.html?utm_source=telegram&utm_medium=social
Moneycontrol
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
#ICYMI: The national consumer commission sentenced #Supertech MD, Mohit Arora, to 3 years in jail for failing to refund a homebuyer in #UP's YEIDA for several years.
Read the full story at 👇
https://www.moneycontrol.com/news/business/national-consumer-commission-orders-supertech-mds-arrest-for-failing-to-refund-homebuyer-7492861.html?utm_source=telegram&utm_medium=social
Read the full story at 👇
https://www.moneycontrol.com/news/business/national-consumer-commission-orders-supertech-mds-arrest-for-failing-to-refund-homebuyer-7492861.html?utm_source=telegram&utm_medium=social
Moneycontrol
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
An engineering firm selected by Supertech Group to bring down the Emerald Court #TwinTowers shared a detailed plan about the demolition exercise in a meeting with the Noida Authority.
Vandana Ramnani reports at https://www.moneycontrol.com/news/business/real-estate/demolition-of-noidas-twin-towers-may-take-more-than-6-months-7833941.html?utm_source=telegram&utm_medium=social
#demolition #Noida #RealEstate #Supertech
Vandana Ramnani reports at https://www.moneycontrol.com/news/business/real-estate/demolition-of-noidas-twin-towers-may-take-more-than-6-months-7833941.html?utm_source=telegram&utm_medium=social
#demolition #Noida #RealEstate #Supertech
Moneycontrol
Demolition Of Noida’s Twin Towers May Take More Than Six Months
The Supreme Court on August 31 ordered the demolition of the twin towers which had come up in violation of building bylaws. It had set a three-month time line for the demolition, which ended on November 30.
#RealEstate | Delhi-NCR-based developer #Supertech goes into insolvency, leaving 25,000 homebuyers' fate in limbo.
What now? How will the #NCLT's order affect the #homebuyers? What should they do? Find out 👇
https://www.moneycontrol.com/news/business/real-estate/supertech-goes-into-insolvency-8274131.html?utm_source=telegram&utm_medium=social
What now? How will the #NCLT's order affect the #homebuyers? What should they do? Find out 👇
https://www.moneycontrol.com/news/business/real-estate/supertech-goes-into-insolvency-8274131.html?utm_source=telegram&utm_medium=social
#Supertech went into #insolvency today after the Delhi bench of #NCLT admitted a #petition filed by Union Bank of India for non-payment of dues.
Read more 👇
https://www.moneycontrol.com/news/business/banks/supertech-mess-experts-say-long-wait-ahead-for-creditors-including-homebuyers-lenders-cautious-8276551.html?utm_source=telegram&utm_medium=social
Read more 👇
https://www.moneycontrol.com/news/business/banks/supertech-mess-experts-say-long-wait-ahead-for-creditors-including-homebuyers-lenders-cautious-8276551.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech mess: Experts say long wait ahead for creditors including homebuyers; lenders cautious
Supertech went into insolvency on March 25 after the Delhi bench of NCLT admitted a petition filed by Union Bank of India for non-payment of dues. The company plans to move the appellate tribunal with an appeal.
#RealEstate | Delhi-NCR-based developer #Supertech goes into #insolvency, leaving 25,000 homebuyers' fate in limbo.
What now? How will the #NCLT's order affect the #homebuyers? What should they do? Find out at: https://moneycontrol.com/news/business/real-estate/supertech-goes-into-insolvency-8274131.html?utm_source=telegram&utm_medium=social
What now? How will the #NCLT's order affect the #homebuyers? What should they do? Find out at: https://moneycontrol.com/news/business/real-estate/supertech-goes-into-insolvency-8274131.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech goes into insolvency, leaves 25,000 homebuyers' fate in limbo
Homebuyers should not panic but immediately file their claim with IRP as required under the law, says PSP Legal, which had filed several petitions against Supertech
#MCPersonalFinance: What #Supertech's 25,000 homebuyers do now?
#Homebuyers should file their claims with the #insolvency professional right away to ensure that their claim is recognised. More at 👇
https://moneycontrol.com/news/business/personal-finance/what-does-supertechs-insolvency-proceedings-mean-for-its-25000-homebuyers-8276691.html?utm_source=telegram&utm_medium=social
#Homebuyers should file their claims with the #insolvency professional right away to ensure that their claim is recognised. More at 👇
https://moneycontrol.com/news/business/personal-finance/what-does-supertechs-insolvency-proceedings-mean-for-its-25000-homebuyers-8276691.html?utm_source=telegram&utm_medium=social
Moneycontrol
What does Supertech’s insolvency proceeding mean for its 25,000 homebuyers?
Homebuyers should file their claims with the insolvency professional right away to ensure that their claim is recognised. A timely resolution, however, cannot be guaranteed.
Legal experts say the resolution of #Supertech may stretch beyond the timeframe mandated by the #NCLT. However, it makes sense for the homebuyers to submit their claims at the earliest, they said.
Piyush Shukla tells us more 👇
https://www.moneycontrol.com/news/business/banks/supertech-mess-experts-say-long-wait-ahead-for-creditors-including-homebuyers-lenders-cautious-8276551.html?utm_source=telegram&utm_medium=social
Piyush Shukla tells us more 👇
https://www.moneycontrol.com/news/business/banks/supertech-mess-experts-say-long-wait-ahead-for-creditors-including-homebuyers-lenders-cautious-8276551.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech mess: Experts say long wait ahead for creditors including homebuyers; lenders cautious
Supertech went into insolvency on March 25 after the Delhi bench of NCLT admitted a petition filed by Union Bank of India for non-payment of dues. The company plans to move the appellate tribunal with an appeal.
#Supertech Insolvency Case | What can #homebuyers do if builder is unable to complete construction? What happens if the builder is declared insolvent? Can #RERA help?
Legal experts Purvi Asher & Nitika Bagaria tell us more 👇
https://www.moneycontrol.com/news/business/personal-finance/the-long-road-ahead-for-supertechs-homebuyers-8279571.html?utm_source=telegram&utm_medium=social
Legal experts Purvi Asher & Nitika Bagaria tell us more 👇
https://www.moneycontrol.com/news/business/personal-finance/the-long-road-ahead-for-supertechs-homebuyers-8279571.html?utm_source=telegram&utm_medium=social
Moneycontrol
The long road ahead for Supertech’s homebuyers
The law states that a homebuyer can only approach NCLT if the developer is an entity under the Companies Act. If the developer is a sole proprietorship, partnership firm or an individual, homebuyers do not have a remedy in NCLT as of now.
#MCPersonalFinance | At present, it is difficult to ascertain how #insolvency proceedings against #Supertech will unfold and its impact on home buyers.
Here is what can be expected and what home buyers should do? Find out 👇
https://www.moneycontrol.com/news/business/personal-finance/supertech-homebuyers-file-your-claims-with-insolvency-professional-and-do-not-stop-your-emis-8282701.html?utm_source=telegram&utm_medium=social
Here is what can be expected and what home buyers should do? Find out 👇
https://www.moneycontrol.com/news/business/personal-finance/supertech-homebuyers-file-your-claims-with-insolvency-professional-and-do-not-stop-your-emis-8282701.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech homebuyers | File your claims with insolvency professional and do not stop your EMIs
The National Company Law Tribunal has admitted an insolvency petition filed by the Union Bank of India against Supertech and appointed Hitesh Goel as the insolvency resolution professional (IRP).
The insolvency resolution professional of #Supertech is likely to issue an ad, calling for claims from #homebuyers and financial creditors tomorrow, reports Piyush Shukla.
Read more at ⏬
https://www.moneycontrol.com/news/business/banks/supertech-insolvency-resolution-professional-may-call-for-claims-from-creditors-tomorrow-8286621.html?utm_source=telegram&utm_medium=social
Read more at ⏬
https://www.moneycontrol.com/news/business/banks/supertech-insolvency-resolution-professional-may-call-for-claims-from-creditors-tomorrow-8286621.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech insolvency: Resolution professional may call for claims from creditors tomorrow
With Supertech going into insolvency, over 25,000 homebuyers may have to wait longer for delivery of their flats, experts said.
#ReallEstate: Given the moratorium imposed by #NCLT, homebuyers will not be able to institute a suit or launch proceedings against #Supertech before the courts, consumer courts, RERA or any other tribunal.
Here's why 👇
https://www.moneycontrol.com/news/business/real-estate/what-should-supertech-homebuyers-who-have-filed-cases-with-rera-do-8307381.html?utm_source=telegram&utm_medium=social
Here's why 👇
https://www.moneycontrol.com/news/business/real-estate/what-should-supertech-homebuyers-who-have-filed-cases-with-rera-do-8307381.html?utm_source=telegram&utm_medium=social
Moneycontrol
What should Supertech homebuyers who have filed cases with RERA do?
Given the moratorium imposed by the National Company Law Tribunal, homebuyers will not be able to institute a suit or launch proceedings against Supertech before the courts, consumer courts, RERA or any other tribunal. The moratorium will be in operation…
#MCPersonalFinance | At present, it is difficult to ascertain how #insolvency proceedings against #Supertech will unfold and its impact on home buyers.
Here is what can be expected and what home buyers should do? Find out 👇
https://moneycontrol.com/news/business/personal-finance/supertech-homebuyers-file-your-claims-with-insolvency-professional-and-do-not-stop-your-emis-8282701.html?utm_source=telegram&utm_medium=social
Here is what can be expected and what home buyers should do? Find out 👇
https://moneycontrol.com/news/business/personal-finance/supertech-homebuyers-file-your-claims-with-insolvency-professional-and-do-not-stop-your-emis-8282701.html?utm_source=telegram&utm_medium=social
Moneycontrol
Supertech homebuyers | File your claims with insolvency professional and do not stop your EMIs
The National Company Law Tribunal has admitted an insolvency petition filed by the Union Bank of India against Supertech and appointed Hitesh Goel as the insolvency resolution professional (IRP).
#Supertech's financial creditor Union Bank India has asked the developer to deposit Rs 75 crore as upfront cash for considering a one-time settlement of dues.
Read on 👇
https://www.moneycontrol.com/news/business/real-estate/union-bank-of-india-asks-supertech-to-deposit-rs-75-crore-as-upfront-payment-for-considering-one-time-dues-settlement-8533891.html?utm_source=telegram&utm_medium=social
Read on 👇
https://www.moneycontrol.com/news/business/real-estate/union-bank-of-india-asks-supertech-to-deposit-rs-75-crore-as-upfront-payment-for-considering-one-time-dues-settlement-8533891.html?utm_source=telegram&utm_medium=social
Moneycontrol
Union Bank of India asks Supertech to deposit Rs 75 crore as upfront payment for considering one-time dues settlement
NCLAT orders to list the appeal on May 23 and says its interim order staying formation of Committee of Creditors would continue till then.
#ICYMI: The #TwinTowers of #Noida will be razed soon as the last date for demolishing is set on August 28th, 2022.
However, there are 2 buildings in close proximity.
So, how will the demolition take place?
Watch to know📽️
https://youtube.com/watch?v=0KG8sARV5lc
However, there are 2 buildings in close proximity.
So, how will the demolition take place?
Watch to know📽️
https://youtube.com/watch?v=0KG8sARV5lc
YouTube
Supertech Twin Tower Demolition: Noida's Residential Building To Be Razed In 9 Seconds
The Twin Towers of Noida will be razed soon as the last date for demolishing is set on August 28th, 2022.
However, there is an issue. There are two buildings in close proximity. One of them is just 9 meters away.
So, how will the demolition take place?…
However, there is an issue. There are two buildings in close proximity. One of them is just 9 meters away.
So, how will the demolition take place?…
#Noida #TwinTowerDemolition: With just two days left for the demolition of #Supertech's illegal twin towers located in Sector 93A, residents are preparing to vacate their apartments for a day or two.
Read at 👇
https://bit.ly/3ArfvrU
Read at 👇
https://bit.ly/3ArfvrU
#LIVE 🔴 India is ready to see its biggest demolition!
Noida twin towers will be razed in just 9 seconds. 🤯
Watch the full coverage live on Moneycontrol's Youtube Channel 📽️
https://youtube.com/watch?v=BODf7Q25Hos
Stay Tuned! ⚡
Noida twin towers will be razed in just 9 seconds. 🤯
Watch the full coverage live on Moneycontrol's Youtube Channel 📽️
https://youtube.com/watch?v=BODf7Q25Hos
Stay Tuned! ⚡
YouTube
Twin Tower Demolition LIVE | Noida Supertech Twin Towers To Be Demolished Within 9 Sec | Latest News
The biggest residential demolition in India is underway at Noida in Uttar Pradesh. And it would take all of 9 seconds. The Noida twin towers in Sector 93 built by developer Supertech Ltd, steeped in controversy for years, will finally be reduced to a mountain…
LIVE 🔴: The Noida Twin Towers will be demolished today at 2:30 PM.
We talk to some of the residents as to what are their thoughts on the demolition.
Full coverage LIVE on Moneycontrol Youtube's Channel ⬇️
https://lnkd.in/gt4ThzcM
#NoidaTowerDemolition
We talk to some of the residents as to what are their thoughts on the demolition.
Full coverage LIVE on Moneycontrol Youtube's Channel ⬇️
https://lnkd.in/gt4ThzcM
#NoidaTowerDemolition
YouTube
Twin Tower Demolition LIVE | Noida Supertech Twin Towers To Be Demolished Within 9 Sec | Latest News
The biggest residential demolition in India is underway at Noida in Uttar Pradesh. And it would take all of 9 seconds. The Noida twin towers in Sector 93 built by developer Supertech Ltd, steeped in controversy for years, will finally be reduced to a mountain…