Demolition Of Egos Of Builders: Homebuyers' Body On Noida Twin Towers
NDTV
Noida Supertech Twin Towers Demolition: The FPCE president said the episode is also indicative of the changing builder-buyer equation as it shows that money and muscle power of builders can no longer deter homebuyers.
Homebuyers' body FPCE on Sunday termed the demolition of Supertech's twin towers in Noida as a huge victory for flat owners and said it has also demolished the ego of builders and development authorities.
The Forum For People's Collective Efforts (FPCE), an umbrella body of homebuyers that played an important role in enactment and implementation of real estate law RERA, added that the responsibility of development authorities should have been fixed in this case.
In August last year, the Supreme Court had ordered demolition of the 40-storey twin towers (Apex and Ceyane), which were part of Supertech's Emerald Court project in Noida, Uttar Pradesh. There were over 900 flats in these two towers with height of around 100 metres.
"My first reaction when the demolition happened is that it was the demolition of not just the building but also the builders' and the authorities' ego and complacency that they could do as they please," FPCE President Abhay Upadhyay told PTI.
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