Shah, who gained development rights of the 1.2acre bungalow property in 2005, was found dead inside the Oberoi Hotel during the November 26, 2008, terror attack on Mumbai. His son, Sarjan, took over the under-construction skyscraper project, where some of the 30 duplexes were sold for around Rs 75 crore each. However, the planned 66-storey tower remained stuck as Satellite was unable to procure further building permissions and had to pay back a Rs 340 crore loan to Indiabulls.
“VTP group is the developer nominated by the lender (Indiabulls) to complete the project. We have acquiesced. Effectively, we have given them full control,” Sarjan Shah told TOI.
Bu hikaye The Times of India Mumbai dergisinin April 19, 2021 sayısından alınmıştır.
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Bu hikaye The Times of India Mumbai dergisinin April 19, 2021 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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