The Brave Pedestrian

20th November, 2015, Mumbai: In most cooperative societies, minutes of general body meetings have some half-truths and omissions, but Mulund’s Shree Gurukrupa Nagar Cooperative Housing Society shows how minutes drafted with blatant lies can easily escape detection by the general body! The draft minutes of a crucial SGM held on 24th May 2014, authored by Shree Gurukrupa Nagar Secretary Sanjay Jadhav and Chairman Anil Shah, pass off their illegal decisions favouring builders as general body decisions. WHAT REALLY HAPPENED At the SGM held on 24th May 2014, the society members followed the recommendations of PMC Atul Mehta and signed a consent selecting Siresukan Realty and Bharat Jain alias Talesara as the builder for their redevelopment. Accordingly, the managing committee issued a Letter Of Intent (LOI) in favour of Bharat  Jain / Talesara, partner, Siresukan Realty. See the following documents: 1)     Notice of meeting says successful bidder will be sel...

Figures manipulated to show Rs 110 cr. profits as Rs 12 cr. only 5th November, 2015, Mumbai: Builders usually underplay the monetary value of their redevelopment projects so that they can offer tiny amounts as bank guarantees, and so that they can evade income-tax and earn pots of money in cash. Mulund’s Shree Gurukrupa Nagar Cooperative Housing Society seems to be a live example. Project Management Consultant Atul Mehta wrote in his project report ( http://tinyurl.com/Atul-Mehta-PMC-report1 ) that the builders, Concrete Siresukan Realty LLP, would earn a profit of only Rs 12.14 crore after building over one lakh square feet! If the PMC’s report is to be believed, the three LLP partners -- namely Anuj Desai, Nilesh Dalal and Bharat Talesara -- would together earn the market price of 8 to 12 flats after slogging for a couple of years to get all the necessary building permissions, and then another 2-3 years constructing over 160 flats totaling one lakh square feet, and then han...