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The said company collected over Rs 400 crore from more than 1,700 homebuyers. Delays in the project left these homebuyers in lurch without a flat or refund, the ED alleged.
The dismissal of these individuals, according to another official, had affected redevelopment plans seeking to revive Delhi's five iconic retail spaces including Lajpat Nagar, Kamla Nagar and Khari Baoli among others.
Two major infrastructure related projects are in the pipeline for Delhi and are set to begin in the next six months.