On Sunday, August 28, a series of controlled explosions reduced the 100-metre tall Supertech twin towers structures in Noida to a huge pile of rubble.
Supertech Managing Director Mohit Arora said the company will file a review petition in the SC.
The Supertech twin towers in Noida were demolished on Sunday, a year after the Supreme Court's direction to raze the illegally built structures to the ground. The nearly 100-metre-high structures - taller than Delhi's iconic Qutub Minar (73 metres) - were brought to the ground in seconds literally like a house of cards by the 'waterfall implosion' technique, in a breathtaking spectacle of modern day engineering. They were the tallest structures to be demolished in India.
The towers -- both taller than Delhi's iconic Qutub Minar -- will be brought down in less than 15 seconds by waterfall implosion technique. They will be the tallest structures yet in India to be demolished, officials said.
The Supreme Court on Wednesday directed real estate giant Supretech to give back money to flat owners who had sought refund of their investments within a month after its 40-storey residential twin towers Apex and Ceyane in Noida were directed to be demolished by Allahabad High Court.
Possession of the flats in Supertech project has already been delayed by over a year.
The sale of 250 units within 60 days definitely sets a yardstick
It was the relentless pursuit of justice over a decade by a group of senior citizens that resulted in the Supreme Court's order for demolition of the illegal 40-storey twin towers of a real estate group in Noida.
Supertech also plans to file an SLP in the Supreme Court.
The high court had ordered demolition of Supertech's two under-construction towers in the real estate firm's Emerald Court project.
The apex court directed Supertech to pay 10 per cent per month of the invested amount from January 5, 2015 to 17 home buyers, who are before the court, within four weeks
Supertech asked to refund money to flat owners within 30 days.
In commercial real estate, leasing of office space was higher although the activities were subdued in retail segment.
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