Supertech settles 32 recovery certificates issued by UP-RERA

23 May 2023 CW Team

Supertech, a significant player in the real estate industry, has notified the administration that it has paid 32 recovery certificates issued by UP-Rera for Rs 7.6 crore. Furthermore, it claimed to have given the administration Rs 3 crore.

Supertech stated in a letter that it was making every attempt to amicably resolve any outstanding issues with the allottees by providing them with substitute units or other amenities. It requested that the administration halt the RC actions being taken against it.

On May 8, the SDM in Dadri summoned Supertech chairperson RK Arora to discuss 52 RCs granted by Rera valued 260 million. This has to do with the residential development known as Gold Country, which is in Sector 22D of the Yamuna Authority region.

The developer had 2,000 apartments in mind when work on the project got underway in 2012. However, a few farmers and landowners petitioned the Allahabad high court and obtained a halt to the land distribution.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..