Emaar accuses MGF and Shravan Gupta of fraudulent and illegal transfers of land parcels

Khyati Shah06 Jul, 2021Business

Emaar India Limited, a subsidiary of world renowned global real estate company Emaar Properties, Dubai, recently cautioned public against dealing with MGF Group, its promoter Mr. Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi. This land was valued at nearly INR 5 billion in 2008 and may be currently valued much higher.