Supertech
Supertech Limited, India’s leading real estate developer, has announced a premium township project, Hill Town an integrated township of 140 acres at Sector 2, Sohna Road, Gurgaon. Located on the foothills of the Aravallis, Hill Town will render a stellar view of the hills. It is their third project in the Millennium City. The project [...] Continue Reading »
Supertech Limited is coming up with an affordable housing project “Basera” with a price range between Rs 12 lacs to 20 lacs. The proposed project will be developed as per the terms and conditions of the policy prescribed by the Town & Country Planning Department, Government of Haryana. Basera will spread over a sprawling area [...] Continue Reading »
Realty firm Parsvnath Developers has sold 140-acre land at Sohna, Gurgaon, to Supertech Ltd for Rs 665 crore as part of plans to divest non-core assets to cut debt and complete ongoing projects. With this deal, Kotak Realty Fund has exited this township project. It had invested Rs 110 crore in the project in 2012. [...] Continue Reading »
Realty firm Supertech has raised Rs. 400 crore from the private equity firm (PE) Xander to finance its upcoming township and housing projects in Gurgaon.The company will develop plots, villas and independent homes in the 140-acre township at an investment of about Rs 1,100 crore. The company said in a statement that Supertech has received [...] Continue Reading »
On Sunday morning, Sector 33 in Gurgaon witnessed a unique situation. About 150 people who have bought apartments in Unitech Residences project at Sector 33 in Gurgaon turned up at the site with shovels, chisels and other masonry tools, to construct their unfinished apartment towers themselves. Vikram Bishnoi the president of the Unitech Residences Apartments [...] Continue Reading »
The Supertech Emerald Court resident welfare association (RWA) on Wednesday has welcomed the Supreme Court’s order that has directed the developer to refund the principal amount within a month and pay 14 percent compound interest by October 30th to those buyers who wish to exit frm the twin towers in Gurgaon. As stated by UB [...] Continue Reading »
The anti-competitive practices and the abuses of dominance top the list of complaints that have been filed by the consumers against the real estate players with the Competition Commission of India (CCI). As much as 150 cases have so far come to the fair trade regulator pertaining to the same as sources say. While the [...] Continue Reading »
The Supreme Court put a hold on an order to demolish Supertech’s two under-construction 40-storey towers in the real estate firm’s Emerald Court project. A bench headed by Chief Justice R M Lodha issued notices on a batch of petitions by the builder preventing the immediate demolition of the two towers. The bench questioned the [...] Continue Reading »
Supertech, real estate major, have been asked by the Allahabad High Court’s in recent order to demolish two towers in Noida for violating building laws that has left the residents in the lurch even as the developer grapples to refund their money with 14% interest. There are several other developers in Noida and Ghaziabad against [...] Continue Reading »
The recent episode, where two of the Supertech’s towers were sealed over violation of rules, has left a dent in the brand. The company may have to cut prices, since sales are expected to decline. It can be learnt from the company’s website that it has 40 ongoing projects worth Rs 14,000 crore, at Gurgaon, [...] Continue Reading »
