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God's own country, Kerala is expected to experience some exciting real estate boom time with the ambitious Bolgatty Convention Centre project in Kochi. The prominent business tycoon and Lulu group chairman Mr. M. A. Yussuf Ali, has confirmed that work on the multi-thousand-crore project would begin within the next three months. However, there are some controversies surrounding this project with regard to initial land dealings. This situation is a result of questions raised on the land deal with the Kochi Port Trust. This land deal has sparked controversies as there are apprehensions of undervaluation of this prime property, and a possible breach of contract.
from: http://ezinearticles.com/?Will-Real-Estate-Face-Turmoil-If-the-Bolgatty-Project-Is-Withdrawn?&id=7799408
