Emaar accuses MGF of trying to illegally transfer land parcels

New Delhi, Jan 22 (IANS) Emaar India Ltd. on Friday accused MGF Group and its Chairman Shravan Gupta of trying to illegally transfer a land parcel in Okhla.

In a statement, Emaar cautioned against dealing with MGF Group, Gupta and associates in respect of the land parcel which was valued at nearly Rs 500 crore in 2008 and may be valued much higher now.

Emaar has also issued a public notice to this effect.

“We were informed by credible sources that MGF was likely to deal with the Okhla land parcel. We wanted to caution the public against dealing with MGF Group, SSP Buildcon Private Limited, Shravan Gupta, Shilpa Gupta or any of their associates/related entities or persons,” it said.

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