People, the latest news is tht an FIR has been lodged against Chandru l Raheja (one of the brothers accused of fraud and criminal consiparacy etc by the wadias)
You can take a look at CNBC coverage on youtube
Read the Business standard report here
"Wadia has alleged that CL Raheja group has fraudulently sold or leased it to their "own sister concerns and shell companies created for the purposes of purchase of these properties.” Wadia has alleged fraud by Rahejas and demanded damages worth Rs 350 crore from them.
Nearly ten properties have been illegally built by the Rahejas inlcuding Hypercity Mall, Inorbit Malls, Infinity Towers, Intelnet on the Malad land and Wadias have moved court to order Rahejas to demolish the structures on the land."
From the public notice, its clear that Rahejas have done something that may not be right. And the fate of inorbit mall, mindspace, hyper city etc are now dependent on Bombay High Court due to be heard yesterday (yeah i dont know the details yet)
There are lot of questios in the minds of people...what will happen to the evacuation notices, what wil happen to their dream houses...
lets see how this turns...will keep you all posted....
