To Goanet - Delanco - Delhi Land Company - is the company that has plans to do a number on the hillside in Reis Magos. Land sharks hunt in packs these days. It appears that there are ties between DLF and Delanco.
Download this pdf file (it is around 3.5 MB and may take a while on a slow connection). Now do a search on the keyword "Surojit." This leads to - "The board of directors of DLF Hotels & Resorts Limited comprises Mr. Surojit Basak, Mr. K. Swarup and Mr. J.K. Chandra." and "The board of directors of Delanco Home and Resorts Private Limited comprises Mr. Surojit Basak, Ms. Poonam Madan and Mr. V.K. Gupta." Some more material of interest from the DLF prospectus: "We have Land Reserves in various regions across India, amounting to 10,255 acres, with 51% of our Land Reserves in the NCR, 23% in Kolkata, 5% in Goa, 5% in Mahararashtra, 3% in Indore, 4% in Punjab, 2% in Bangalore and the balance in various other states." Questions: Where are the Goan land holdings of DLF located? 5% of 10,255 works out to 512 acres. Who sold it to them? Were any politicians involved in the deals? Lots of fertile ground here for investigative journalism, but alas, no such thing exists in Goa. "Joint Venture with MG Group and Delanco Real Estate Private Limited. In June 2006, we entered into a joint venture and subscription and shareholders agreement with Gujral Design Plus Overseas Private Limited and Mohit Design Management Private Limited and Mohit Gujral (collectively the "MG Group") and Delanco Real Estate Private Limited to enter into an alliance through an equal ownership of the shares in a joint venture company. The joint venture company has been set up for the purposes of exploring and participating in project opportunities with financial and strategic investors. The joint venture company is engaged in the business of real estate development." Also this - "For example, in November 2006, we signed a memorandum of understanding with Nakheel, a leading real estate developer based in the Middle East, to develop through a 50:50 joint venture, two projects in Gurgaon and South Maharashtra/Goa." Where and what exactly is this project in South Maharashtra/Goa? Finally, this - "Delanco Home and Resorts Private Limited was incorporated on March, 23, 2006 and has its registered office at P-39, Basement, NDSE Part II, New Delhi 110 049. It is engaged in the business of acquisition and development of real estate." These snippets were mined from only a few minutes of quick and cursory survey. For a detailed read I would need to get a printout. Aside: Run a keyword search on the pdf file referred to above with "Rebello." Regards, r
