Noida: an investigation of the sequence of events that ultimately caused approval for the twin tower of the SuperTech Court which will be duplicated has focused attention at the Noida Authority Council meeting held on November 3, 2008 where the concept of a remote purchase (floor area ratio) was introduced in the city of NCR.
It was through deep purchases in 2009 and 2011 that the height of twin towers, APEX and Ceyane, increased after the Noida Authority sanctioned the changed development plan.
On August 31, the Supreme Court ordered the demolition of the tower, holding back that they were built in violating the law and observed that there was collusion between the official authority of Noida and Supertech which led to the construction of the tower.
The court also directed the prosecution of the wrong official.
The upper government has made a special (sitting) investigation team to improve responsibility for collusion.
The source said the introduction that could be bought far was proposed as an amendment to the 2006 Noida Authority Building Regulation and the State Government issued a notification on February 19, 2009 to approve the request of authority.
Besides being permitted far can be purchased, the construction company is given the option to buy 33% additionally by paying the fee for the authority.
The authority planning section has quoted the need to increase directly directly, said the senior officer.
The explanation offered is that the Noida Authority is needed to increase its financial resources and release stress on the land available for housing by encouraging vertical development.
When metro connectivity is needed to increase mobility in the city, the circulated view is that selling additional development rights in remote form will allow the authority to increase the capital needed to improve infrastructure in the city.
The Noida Authority Probe Team was assigned by asking the decision taken since the land allotment to the Emerald Court in 2004 and revisions in the development plan in December 2006, November 2009 and March 2012 have focused on the period 2007-2013, when the maximum number of housing projects the group was launched In the city, to understand whether private developers and authority officials colluded.
“We will recommend prosecution of people involved with amendments to the Map of the Supertech Emerald Court between 2009 and 2012.
But it is important to know what is done before that period.
A officer who is part of the Special Map Approval Committee is a person who introduces the concept of purchase Far in mid-2008 before being approved by the council in November 2008, “said a probe officer.
Dhaval Parsana, an urban planner specializing in the housing sector that works with government institutions in Delhi-NCR, “the concept of the rights of development that can be purchased introduced for the first time in the country in the early 1990s by the Maharashtra government to reduce the city of the island Mumbai.
It is an instrument where people can increase the index of the floor space or as far as we call.
Coastal cities must promote vertical development because they have a small scope of a growing city boundary.
From the current scenario that applies in Noida and Greater Noida, in my opinion the supply is much higher than demand in those years Twin towers, demanding projects needed and mempresses n Approved by the Noida Authority.
The group also said it had the ability to deliver all its ongoing projects, where there had been many speculations between home buyers since order.
Senior Executives Group said that incredible payments for home buyers in twin towers who have not taken a refund of less than Rs 30 Crore.
Chairman Supertech RK Arora said the group was developing a 10 square foot Crore throughout the projects and twin towers was about 6 square legs lakh.
“I want to emphasize before our buyers and stakeholders that twin towers are less than 1% of our portfolio,” Arora said.
The group says other projects will be delivered within the specified period of time and their monitoring occurs through an independent account.
Although the buyer has not yet returned money, the group clarified that the twin towers did not have other debt obligations.