When Realty Power Overcomes Realty Ethics….

parulthakreja · 03-16-2007

RR Chaturvedi - A city builder from Sreepati Builders, South Mumbai has been charged of conspiring to slay his business rival Rashmikant Shah, Vijay Group of Builders.

According to the Police Officials: Chaturvedi was interested in an Rs 500 crore project for Abhuday Nagar redevelopment, a project already pursued by Vijay Group. The property tycoon is suspected for taking on contract shooters to carry out assassination after they fell out over a business deal.

It is really snobbish to learn that Chaturvedi has shelled out contract money to the amount of Rs 50 Lakh to do away with his rival. Police has arrested Chaturvedi as a part of series of investigation of the murder of Shah. In addition, a total of four sharp shooters, allied to Chota Rajan Gang have also been arrested.

The contract money has been paid in conjunction with Udayan Maharaj. Maharaj, is alleged to have been involved in the deal with a background story. Earlier, under the influence of some locals he has intervened in the redevelopment project. He was then kidnapped at Shah’s behest for his un-welcomed intervention in the project and produced before gangster Ashwin Nayak, who alarmed Maharaj to stay out of the matter.

As a result, in order to take his revenge, Maharaj teamed up with Shah’s rival Chaturvedi for putting out a contract on the life of rival – Shah.

Source: dna india

**rajani** · 04-16-2008

This is the black side of real estate business. Real estate businessman should behave professionally. Healthy competition is good but assasination of rivals is not at all acceptable.

**vikas2607** · 04-16-2008

Dont you think our law and order is not such strong so we can stop all this...

kumar · 04-17-2008

In any field if anyone wants to grow himself and its business then he/she will have to defeat his/her competitor , so the real estate is not exception. but the competition should be fair, it should not be harmful.

arin_12 · 04-30-2008

This developer/construction companies are so greedy that they can take any steps.

Tannya · 05-09-2008

The real estate business has come a long way, from being integrated family owned business to new and improved professional industry where customers are given choice and variety and treated like a king. I agree there are still some miles to go but with new regulations and incresed competion this industry will do away with cases like these and after the metamorphosis it will be like the present telecom and banking indusrty.

03-16-2007	#1
parulthakreja Member Join Date: Jan 2007 Posts: 18	When Realty Power Overcomes Realty Ethics…. RR Chaturvedi - A city builder from Sreepati Builders, South Mumbai has been charged of conspiring to slay his business rival Rashmikant Shah, Vijay Group of Builders. According to the Police Officials: Chaturvedi was interested in an Rs 500 crore project for Abhuday Nagar redevelopment, a project already pursued by Vijay Group. The property tycoon is suspected for taking on contract shooters to carry out assassination after they fell out over a business deal. It is really snobbish to learn that Chaturvedi has shelled out contract money to the amount of Rs 50 Lakh to do away with his rival. Police has arrested Chaturvedi as a part of series of investigation of the murder of Shah. In addition, a total of four sharp shooters, allied to Chota Rajan Gang have also been arrested. The contract money has been paid in conjunction with Udayan Maharaj. Maharaj, is alleged to have been involved in the deal with a background story. Earlier, under the influence of some locals he has intervened in the redevelopment project. He was then kidnapped at Shah’s behest for his un-welcomed intervention in the project and produced before gangster Ashwin Nayak, who alarmed Maharaj to stay out of the matter. As a result, in order to take his revenge, Maharaj teamed up with Shah’s rival Chaturvedi for putting out a contract on the life of rival – Shah. Source: dna india

04-17-2008	#4
kumar Member Join Date: Apr 2008 Posts: 34	Competition is everywhere In any field if anyone wants to grow himself and its business then he/she will have to defeat his/her competitor , so the real estate is not exception. but the competition should be fair, it should not be harmful.

04-30-2008	#5
arin_12 Member Join Date: Dec 2007 Posts: 48	Greedy People !!! This developer/construction companies are so greedy that they can take any steps.

05-09-2008	#6
Tannya Junior Member Join Date: Feb 2008 Posts: 1	There is always hope!! The real estate business has come a long way, from being integrated family owned business to new and improved professional industry where customers are given choice and variety and treated like a king. I agree there are still some miles to go but with new regulations and incresed competion this industry will do away with cases like these and after the metamorphosis it will be like the present telecom and banking indusrty.

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04-16-2008	#2
rajani Banned Join Date: Apr 2008 Posts: 21	This is the black side of real estate business. Real estate businessman should behave professionally. Healthy competition is good but assasination of rivals is not at all acceptable.

04-16-2008	#3
vikas2607 Banned Join Date: Feb 2008 Location: Noida Posts: 23	Dont you think our law and order is not such strong so we can stop all this...