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Land to Emaar highly undervalued 11 August 2011
The Vigilance and Enforcement Directorate has established that the APIIC management had allotted 535 acres of land to the Emaar Properties by undervaluing the land cost by 16 times. When the allotment was made, the market rate was Rs.10, 300...
Keywords: APIIC management, Undervaluation of land allotted to Emaar, Vigilance and Enforcement Directorate, APIIC agreement with the Emaar Properties
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