Emaar clarifies media reports on CWG Village
Dubai-based Emaar Properties has issued a clarification regarding a recently published report that said the company would be fined for delay and defects in construction of the Commonwealth Games Village.world Updated: Oct 27, 2010 16:23 IST
Dubai-based Emaar Properties has issued a clarification regarding a recently published report that said the company would be fined for delay and defects in construction of the Commonwealth Games (CWG) Village.
The company said it was aware of the actions being contemplated by the Delhi Development Authority (DDA), with respect to the CWG project delivered by Emaar MGF.
"The Games Village has been built to the highest standards of quality and design," the statement said.
It added that the Village was handed over to the DDA and the Organising Committee (OC) after a full inventory of facilities, items and assets in June 2010.
"The Village was fully put to use during the recently concluded Commonwealth Games," the statement said, adding that the village received rave reviews from all participants who stayed in Dubai.
According to the developer, which is present in India through a partnership with the MGF Group, all deficiencies pointed out by the DDA or any other agency were duly rectified.
"If there are any pending items that need rectification, they shall also be done after the Village is handed over back to us by the OC and the DDA," it added.
The company also said that it provided adequate documentation in respect of regular updates to DDA, including the fact that the authority’s contractors were causing damage and they were not being supervised.
"No dues are outstanding to any government agencies, including the Delhi Jal Board and BSES, and all requirements have been duly complied with by the company," the company said.
"The encashment of the guarantee has no direct impact on Emaar, as the guarantee has been issued through the facilities available to the company in India," it further said.
First Published: Oct 27, 2010 16:18 IST