HYDERABAD: The jinxed Hyderabad Stock Exchange (HSE) high rise building in Erramanzil which has remained incomplete for several years is going to be razed.The high rise building would be razed to the ground in a week or two. Already a portion of the building has been razed. The under-construction building was talk of the town several years ago.
The six-storeyed building had been lying vacant. Later, B Ravi Kumar of Boorugu Infra Projects and SK Komaravelli from Hyderabad Securities and Enterprises signed a term sheet to buy the 17,700-square yard Somajiguda premises for `124 crore in August 2016. This was after majority of the shareholders voted via postal ballot, to sell the property at that price.
100-ft-tall machine used
The multistoried building is being demolished by the high rise poclain crushing machine (100 ft height) from top to bottom. It is a specialised technology which is increasingly being used across the globe to demolish structures. It uses less space for the machine to manoeuvre, causes less comparartively less vibrations and is safer as it generates minimum amount of flying debris.
A few days ago, senior GHMC officials inspected the site and oversaw the functioning of the poclain machine. Very few of these machines are available in the country. This one was brought from Mumbai, GHMC officials said. This technology also has steel cutters known as shear cutters for demolition to cut through steel. The machine performs its task without causing any shocks to nearby structures and without hampering their integrity, Machine Manager Ankit Shrivastava said.
While the floors are being crushed one after the other, water is sprayed simultaneously to avoid dust pollution, the floors with steel are crushed from top and the risk involved is minimal, as manual demolition of high rise building in thickly populated localities is not feasible, high rise building crushing machines come in handy, he added.
HSE faded away
“HSE started in early 1940s and it functioned till 2000. Strict norms of Securities and Exchange Board of India made it difficult. It weakened and finally shut down,” said HSE member, Ramakant Inani
