SC issues notice to demolish Supertech twin towers in Noida

01 Sep 2021 CW Team

The Supreme Court's order to demolish Supertech's twin towers in Noida was hailed by homebuyers' group FPCE on Tuesday, who said the decision would deter both builders and development authorities from wrongdoing.

The Forum for People's Collective Efforts (FPCE) was instrumental in the passage and implementation of the Real Estate Reform Act (RERA) in all 50 states.

The Supreme Court on Tuesday ordered the demolition of twin 40-storey towers in Supertech Ltd's Emerald Court project in Noida for violating building by-laws in collusion with authority officials, dealing a blow to the real estate giant. Apex and Ceyane, two towers of Supertech's Emerald Court Project in Sector 93, have a total of 915 apartments and 21 shops.

The apex court also ordered that home buyers' deposits be refunded with 12% interest from the time of booking and that the Residents Welfare Association be compensated with Rs 2 crore for the harassment caused by the twin towers' construction.

Homebuyers must be refunded their money, plus interest, by the judgement, according to FPCE President Abhay Upadhyay, who told the media that they should not have to chase their money down.

The Rs 2 crore compensation awarded to the Resident Welfare Association is also unprecedented, and it will undoubtedly encourage and motivate others to pursue legal action against builders for any wrongdoing involving common areas, as well as missing facilities and amenities.

The judgement, according to Nishit Dhruva, Managing Partner, MDP and Partners, Lawyers and Solicitors, is a wake-up call for builders not to act on sanctioned plans that are shrouded in suspicion, as well as for planning authorities to maintain the integrity attached to their office.

Image Source

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..