Business Standard

Broken real estate policy: Twin towers' demolition should not be the end

Better ways than demolition need to be found to deal with such issues in the future

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Business Standard Editorial Comment
The demolition of the Supertech Twin Towers in Noida, following an adverse court judgment, brings to an inglorious close a saga that has lasted almost two decades. The company had been ordered a year ago to demolish the building on the grounds that it violated a “minimum distance requirement”, following local middle-class residents complaining that the 40-storey towers blocked out sunlight and fresh air. The company has had to take a major hit on its balance sheet; although the height of the towers was raised several times following orders from the Noida development agency, the agency itself, alongside the officials

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