Archive · 1 Sep 2025
Supertech Delivers 6,121 Flats Amidst Insolvency Proceedings
Imagine a construction company called Supertech that is having money troubles.
Despite these problems, they've managed to give people the keys to over 6,000 apartments in the last few years!
These apartments were part of 16 different projects in areas like Noida.
However, there are still a lot of apartments that haven't been finished yet, about 15,000.
The company is trying to find a way to finish these apartments and has a plan to get help from another company to get more money.
If everything goes well, the company hopes to finish building and handing over all the remaining apartments in about two years.
Supertech Ltd, facing insolvency, has delivered 6,121 apartments in the last three years.
These deliveries occurred across 16 under-construction projects.
Around 15,000 flats remain undelivered across these projects.
Supertech is aiming to deliver 1,000 more flats in the next 3 months.
A joint resolution plan has been submitted to the Supreme Court for project completion.
- Who
- Supertech Ltd, a realty firm.
- What
- Delivered 6,121 flats amidst insolvency proceedings, with 15,000 flats still undelivered.
- When
- Over the last three years.
- Where
- Across 16 projects in Noida, Greater Noida, and Meerut.
- Why
- To fulfill commitments to customers despite facing insolvency.
- Company
- Supertech Ltd
- Flats Delivered (Last 3 Years)
- 6,121
- Undelivered Flats
- 15,000
- Projects Involved
- 16
- Projects Location
- Noida, Greater Noida, Meerut
- Resolution Plan Infusion
- ₹500 crore
- Anticipated Completion Time
- Two years