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Noida's Supertech Twin Towers got demolished today
Residents say that this dispute started with a very small issue. Read on:
Residents say that this dispute started with a very small issue. Read on:
Initially, the twin towers (taller than Qutub Minar) weren't a part of the sanctioned plan
Flats facing the open area (later on where twin towers got developed) were charged
a Preferred Location Charge (PLC)
Flats facing the open area (later on where twin towers got developed) were charged
a Preferred Location Charge (PLC)
When the builder started building towers over the open area, a few buyers, who were charged the PLC, revolted
PLC can vary between 3%-20% of the flat price
Their protested was justified
PLC can vary between 3%-20% of the flat price
Their protested was justified
#NoidaTowerDemolition few points in thread -ideally it shd have been demolished in 2012 itself .Some myths -1) Tax payers are paying / truth - Supertech is paying 
Myth -Buyers are losing money .Truth -2014 itself SC had asked for refund to be made with 12% interest
Why not utilise for some other purpose -Truth -the towers were built too close to each other and foundation was structurally weak .
#NoidaTowerDemolition Supertech Twin Towers were made in violation of all safety norms like minimum distance requirement. It's foundational pillars are already showing cracks. That is the reason it is being demolished. So,those who are giving gyan that it could have been used for
Hospital/schools/homes for poor people or auctioned should at least read the High Court and Supreme Court judgements. This building was dangerous and needed to be demolished. Get this straight.
@Inavaneet
@Inavaneet
There were two audit reports of which one was drawn up by Supertech itself following an order from the Central Building Research Institute (CBRI).
