Saturday, June 09, 2007

Sahara's Subroto Roy's Land Bank Scam

Sahara Group's Chairman, Subroto Roy is involved in a 100 acre prime land bank scam. India Housing Ltd in upscale Sahara Shaher Gomtinagar area of Lucknow is the property which Mr. Roy managed to lease at mere Rs 1.0 Lakh rental per annum when Mulayam Singh was the CM of UttarPradesh. This definitely looks like a scam because no where in India you can get land at such a cheap rate.

The Lucknow Development Authority has further alleged that Roy doesn't have the necessary approvals for Multi-Storey buildings constructed there. LDA Vice-Chairman has ordered an inquiry into the Land Grabbing by Subroto Roy.

Dear Readers, Please do not BUY your dream home in controversial projects such as Sahara Shaher Housing in Lucknow.

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