The nearly 100-metre-tall twin towers, Apex and Ceyane were demolished at 2.30 pm on Sunday as per a Supreme Court order that found their construction within Emerald Court premises in violation of norms. More than 3,700 kgs of explosives were used in this operation. The cost of the demolition itself is estimated at about ₹ 20 crore. Realty firm Supertech Ltd has incurred a loss of about ₹ 500 crore, including construction and interest costs, as per RK Arora Said on Sunday.
These twin towers were part of Supertech’s Emarald Court project at Sector 93 A on Noida Expressway. The current market value of over 900 apartments in the two towers is being estimated at over ₹ 700 crore. The Supreme Court has also ordered that the Residents Welfare Association be paid ₹ 2 crore for the harassment caused due to the construction of the twin towers.
