RealEstate price manipulated?Radia Tapes.

11-188819-0-23-20090621-110248.mp3

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Radia discusses the purchase of some property with property dealer or consultant Harinder for which she had a word with Sanjay Chandra (probably from real estate developers Unitech), “who will have a look at it himself”. “Principally, we will go along with it,” says Radia. The conversation gives an impression of manipulation of the property price to keep it around (Rs) 60 (crore?) by keeping the number of bidders minimum through support bids from Harinder’s companies and also talk about “adjustments” in the mode of payment.