Such a sight was rarely seen in India. On Sunday, two residential towers in Noida near the capital went missing in a gray pile. They were brought down by triggering 3,700 kg of explosives with clockwork accuracy to comply with the Supreme Court’s order for their demolition after their construction was declared illegal. The debris of the nearly 100-metre-high towers descended as planned, but a cover of dust emerged from the 2001 New York horrors imagined after 9/11.
It was the long arm of the law in action, not the aircraft turned into terrorist-guided missiles, and the effect is likely to be positive for exactly that reason. For far too long builders have played a game of cheating with our norms, betting that concrete and resilient officials on the ground can win them the day and lose profits. Weekend performances should give them notice that rules are rules. There will be a comprehensive test of vigilance in this area as to how real estate regulatory authorities enforce home delivery deadlines as they arise post the Covid extension. Indian homebuyers have been faced with long schedules for decades, and it remains to be seen whether a much-awaited 2016 law can provide relief.
catch all business News, market news, today’s fresh news events and breaking news Updates on Live Mint. download mint news app To get daily market updates.