Thread by @BahlKanan

Noida's Supertech Twin Towers got demolished today

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)

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

The buyers association (RWA) of Emerald Court Group Housing Society filed a
petition in the court

Even though the Noida Authority sanctioned the layout, it was later found out that there was nexus between authority officials and the builder

Supreme court ordered demolition of the twin towers

The court also asked the builder to return twin towers' buyers' money along with 12% interest

There is no end to greed, that's what we can learn here

Builder could've simply returned the PLC and have got done with this

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@neerajarora91

#Supertech #TwintowersDemolition #TwinTowers #TwinTower #NoidaTowerDemolition #NoidaTwinTower