EXPOSING PIRAMAL REALTY: KRISHNARAJ RAO
EXPOSING PIRAMAL REALTY: KRISHNARAJ RAO EXPOSING PIRAMAL REALTY: KRISHNARAJ RAO Posted on 30/07/2022 Updated on 21st January, 2025 (GMT 08:29 hrs) ABSTRACT The article “Exposing Piramal Realty: Krishnaraj Rao” highlights several concerns regarding Piramal Realty’s business practices: One-Sided Agreements : The draft agreements for projects like Piramal Revanta Towers are criticized for being heavily skewed in favor of the developer. These contracts grant PRL Developers Private Limited extensive rights over land development, limiting flat-buyers’ ability to raise objections. Exit clauses are also noted to favor the developer, undermining buyers’ rights. Environmental Impact : The article labels Mr. Ajay Piramal as an “eco-terrorist,” accusing him of exploiting nature without regard for biodiversity. It references environmental concerns associated with Piramal’s pharmaceutical plant in Digwal, Telangana, and criticizes real estate developments in ecologically sensitive coastal ...