Noida: In a major setback to Noida Authority and realty major Supertech, the Allahabad High Court on Friday ordered the demolition of two 40-storey towers in Sector 93 A, Noida.
The court has also directed the prosecution of officers of Noida Authority and Supertech for carrying out the illegal construction. They have also been asked to return the money to the investors at an interest rate of 14 per cent.
The towers whose demolition has been ordered by the court are a part of the Emerald Court Project of the Supertech Group.
Much relieved by the court's orders, Amit Saxena, petitioner's lawyer told CNN-IBN that the case would be a torch bearer for all such cases in the future. "The complaint was that certain promises were given to the buyers but later excessive construction took place that congested the area.This case will be a torch bearer for future cases," he said.
"None of the towers that are due for demolition were occupied; though they were sold and now the buyers will be compensated," added Saxena.
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