Robert Vadra led companies bought 41 DLF flats and sold most of them at a profit....
NEW DELHI: Robert Vadra, the son-in-law of Congress Party president Sonia Gandhi, had bought as many as 41 premium apartments from DLFBSE -0.75 % but subsequently sold most of them at a profit. All the apartments were acquired by companies promoted by him, including Sky Light Hospitality- which had dealings with DLF- by paying a minimum booking amount, with the exception of a luxury pad in the picturesque Aralias, for which he paid the entire sum of Rs 11.9 crore upfront.
Vadra, whose dealings with India's biggest real estate firm has come under the lens in the past ten days, booked apartments in three premium projects: Aralias and Magnolias in Gurgaon and Capital Greens in Moti Nagar in Delhi. He used a part of the Rs 58-crore advance paid by DLF (for purchasing a 3.5-acre plot from him in Gurgaon) for booking these flats.
Most of these apartments were bought for the purpose of trading as Vadra sold around 38 of these 41 apartments subsequently, said a DLF executive. A DLF spokesman confirmed Vadra had bought these apartments in the three projects. He also said that the client had later paid around Rs 7 crore as delayed payment charges.
NEW DELHI: Robert Vadra, the son-in-law of Congress Party president Sonia Gandhi, had bought as many as 41 premium apartments from DLFBSE -0.75 % but subsequently sold most of them at a profit. All the apartments were acquired by companies promoted by him, including Sky Light Hospitality- which had dealings with DLF- by paying a minimum booking amount, with the exception of a luxury pad in the picturesque Aralias, for which he paid the entire sum of Rs 11.9 crore upfront.
Vadra, whose dealings with India's biggest real estate firm has come under the lens in the past ten days, booked apartments in three premium projects: Aralias and Magnolias in Gurgaon and Capital Greens in Moti Nagar in Delhi. He used a part of the Rs 58-crore advance paid by DLF (for purchasing a 3.5-acre plot from him in Gurgaon) for booking these flats.
Most of these apartments were bought for the purpose of trading as Vadra sold around 38 of these 41 apartments subsequently, said a DLF executive. A DLF spokesman confirmed Vadra had bought these apartments in the three projects. He also said that the client had later paid around Rs 7 crore as delayed payment charges.
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