??? INDIABULLS REAL ESTATES IS A WELL KNOWN NAME WITH MANY PROJECTS UNDER THEIR BELT. INDIABULLS HAS THE LICENSED LAND FOR PROPOSED PROJECT.
??? VAYUVIHAR INFRASTRUCTURE PVT LTD (VIPL) IS A COMPANY FORMED BY DEFENCE PEOPLE.
??? MAIN ROLE OF VIPL IS TO ENSURE GUARANTEED CONSTRUCTION AND COMPLETION OF THE PROJECT WITH INDIABULLS
??? ALL PAYMENTS (EXCEPT BOOKING AMOUNT) IN A SEPARATE JOINT ESCROW ACCOUNT BETWEEN THE TWO COMPANIES WITH BOTH AS SIGNATORIES FOR AFFECTING PAYMENTS FOR THE PROJECT
??? ALL THE ABOVE SAID BEING ACCOMPLISHED THROUGH LEGAL DOCUMENTATION (MOU) AND BY WAY OF EQUITABLE MORTGAGE/ POWER OF ATTORNEY OF LAND IN FAVOUR OF VIPL AFTER LAND PAYMENT (40% STAGE) TO ENSURE NON STOP COMPLETION