MANOJa

U r running away from answering . Provide a link of yr. source . I know, i am correct ( u just made up a comment, without any basis ) & since now u do not have an answer, u would bring in some irrelevant topic or some of yr. stooges would jump in to save u .

Thanks for the discussion . Not looking for more of yr. self made stories .

Good night .

Varun84

“For levelling, landscaping and for amenities the amount spent was `49 crore. This is unbelievable. The money they have shown as obtained by sale is much lesser and there is no correlation with the expenses,” said an official.

Sources said that investigations found that though the villas were sold for `60,000 per sq. yd, only `5,000 was shown on record. While flats in the apartments were sold at `5,000 per sq.ft, the official figure was `2,500 per sq.ft.

Emaar inflated its spending: V&E

SJakhar

FYI...

Emaar denies report of plans to split Indian assets | Reuters

(Reuters) - Emaar Properties, UAE's largest developer by market value, denied a media report that the company is valuing its Indian joint venture's assets in preparation for an exit or partial sale.
The Mint quoted sources familiar with the matter as saying that the developer has asked consultants and investment bankers to value Emaar MGF Land Ltd's assets and is reviewing its assets in India.
Mint said the parent company Emaar, headquartered in Dubai, has appointed Standard Chartered Bank in India to put a value on its holdings, and oversee the entire process, which may take three-six months to conclude.
Emaar MGF, however, said the report was "baseless".
"We are committed to our joint venture operations in the country with MGF Developments," Emaar MGF said in an emailed statement to Reuters. "There is no move to split the asset portfolio of Emaar MGF."
It said that the firm regularly values its assets for banking or allied purposes.
Emaar MGF came under fire after building the 63.5 hectares Commomnwealth Games Village - a development plagued by shoddy construction and delays. The developer was penalised by Indian authorities who cashed its $45 million bank guarantee.