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- Originally Posted by FarhanHello Friends,
Just read this interesting piece of Q & A. What's your take on this??
Prem Adip Rishi, managing director of MVL Ltd, tells TOI that that a business model catering to the lower segments with low margins and high volumes would fuel future growth of the industry:
His interview should be taken again. Since, 2007 MVL limited had been engaged in almost all the prevelant real estate frauds be it illegal construction, abnormal delays in project completion, change in layout, construction of more number of stories than approved, possession without obtaining occupancy certificate, money siphoning, assured return frauds, willful defaults, service tax defaults, loan defaults, mortage of illegaly constructed flats, unfair monetary demands(better to call it ransom) for giving possession and lot more. I wished Mr. Rishi had followed some sort of business ethics and honesty. Perhaps, he needed some professionals to run his real estate business instead of shamless crooks PK and RG.CommentQuote0Flag