Supernova Declared Bankrupt :70 मंजिल तक निर्माण होने के बाद Supernova Project दिवालिया| Noida | NCR

Summary

The script discusses the Supernova project in Noida, developed by Supertech, which has been declared insolvent. The 80-floor residential and commercial building, once set to be the tallest in Delhi NCR and among the top five in India, now faces an uncertain future. With over 1000 investors at risk, the project's insolvency raises concerns about the fate of their investments. The script also touches on the builder's history with similar controversies and the broader impact of such insolvency on families and the real estate market.

Takeaways

• 🏢 The Supernova project by Supertech in Noida, consisting of 80 floors, has been declared insolvent.
• 📈 It is one of the tallest buildings in Delhi NCR and among the top five tallest in India.
• 💼 The company had a debt of 168 billion rupees from the Bank of Maharashtra, out of which 168 crores were owed to NCLT.
• 🏦 The Noida Authority also had a claim of ₹1,000 crore on the builder.
• 🏗 The project was a mix-use development spanning 50 lakh square feet, with residential and commercial spaces.
• 📉 Approximately 70 floors of the building have been completed, and the project was in its final stages when it went insolvent.
• 💸 There are concerns about the impact on the investors who had put money into the project.
• 🏦 Supertech is preparing to appeal to NCLT against the insolvency declaration to keep the project going.
• 🌐 Over 1000 buyers will be affected by the insolvency of the 80-floor Supernova.
• 💵 The project was located in a prime location in Sector 96, Noida, and was proposed to have 70 floors built on a 70,000 square meter plot with 27% designated for residential use and 73% for mixed land use including commercial spaces.
• 🏢 Supertech has faced insolvency in nearly 18 projects, and this is not their first time in controversy, having previously been involved in the demolition of a multi-story building by court order.

Q & A

What is the name of the project in Noida that has been declared insolvent?

The project that has been declared insolvent is called 'Supernova', developed by Supertech.

How many floors was the Supernova project in Noida supposed to have?

The Supernova project was supposed to have a total of 80 floors.

What is the significance of Supernova being declared insolvent in terms of its height?

Supernova is recognized as the tallest building in Delhi NCR and among the top five tallest buildings in India.

What was the financial involvement of Bank of Maharashtra with the Supernova project?

Bank of Maharashtra had an outstanding amount of 168 crores in the project, which was not repaid, leading to the involvement of NCLT.

How much money did the Noida Authority have as a security deposit from the builder of Supernova?

The Noida Authority had a security deposit of ₹1000 crores from the builder of Supernova.

What is the potential impact on the investors who have invested in the Supernova project?

There is a concern that investors might face losses due to the insolvency of the project, and around 1000 buyers are expected to be affected.

What steps is Supertech preparing to take regarding the insolvency of the Supernova project?

Supertech is preparing to appeal in the NCLT to prevent the project from being declared insolvent and to continue the project.

What was the proposed use of the land for the Supernova project?

The land for the Supernova project was to be used for a mix of residential and commercial purposes, with 27% designated for residential use and 73% for mixed land use including paint houses, shops, and malls.

How many floors of the Supernova project have been completed so far?

As of the time of the script, 70 floors of the Supernova project have been completed.

What was the estimated cost of the paint houses in the Supernova project?

The cost of the paint houses in the Supernova project was estimated to be between 12 to 18 crores.

What is the general consequence for families when a company is declared insolvent?

When a company is declared insolvent, it can affect numerous families, as seen in the case of the Supernova project where thousands of buyers have invested money.