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EMAAR-MGF denies allegations over Commonwealth Games | | The real estate developer EMAAR-MGF, which is facing the threat of confiscation of its Rs 183 crore bank guarantee for alleged irregularities in the construction of Commonwealth Games Village on Wednesday dismissed all charges levelled at it by the Government saying all quality standards were met. The statement comes within hours of reports
of the government directing confiscation of the Rs 183 crore bank guarantee furnished
by the company and legal action against it after "irregularities" and deficiencies
were found in the CWG Village constructed by it. EMAAR states that its Village
"has been built to the highest standards of quality and design". The Union Ministry
of Urban Development has been asked to give permission to launch immediate penal
action against the builder of the XIXth Commonwealth Games Village for non-execution
of the project as per an agreement signed between it and the Delhi Development
Authority (DDA). According to a letter sent by the DDA to the ministry earlier
this week, the builder - M/s Emaar-MGF Construction Pvt. Limited prima facie was
found to have committed "deficiencies, shortcomings and delays" in the execution
of the project, and therefore, attracted penal provisions as per the project development
agreement (PDA). The DDA and the ministry, through separate letters to Emaar-MGF
Construction Pvt. Limited, said that the project developer had failed to achieve
the milestones set for it in the agreement, had failed to make payments to various
statutory bodies and agencies like the Delhi Jal Board (DJB) and the BSES for
making services available and had committed a large number of defects in construction,
specifically pertaining to the basement, lift pits, non-installation of hydro-pneumatic
pumps, water-proofing of terraces, fixtures for balconies, inadequate power connection,
choking of pipes and incomplete landscaping. The ministry has listed 13 defects,
the rectification of which lies with the project developer. They include removing
adverse sloping in the basement area, clearing of debris, leakages in 73 lift
pits, delayed fitting of three hydro-pneumatic pumps, poor water proofing of terraces
and non-covering of shafts etc. The ministry said the DDA is authorized to invoke
the bank guarantee of Rs.183 crores and initiate legal action against M/s Emaar-MGF Construction Pvt. Limited and take other steps deemed necessary, including recovery of other expenses, for protecting the DDA's interests.
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