Excelsior Correspondent
JAMMU, Mar 27: As there has been no positive outcome of negotiations in the Palm Island Mall case, the aggrieved investors once again held a strong protest against the landlord, who is allegedly not signing sale agreement of the property notwithstanding an agreement with the developer.
The agitating investors assembled in front of the under-construction shopping mall at Akhnoor Road and raised slogans against the landlord. They were carrying banners and placards with slogans against the landlord, Amarnath Chowdhary.
The protest was organized under the banner of Palm Island Clients Committee, which was formed today for taking the struggle to a logical conclusion. The committee members vowed to continue the struggle till the erring landlord signs the sale deed of their respective property in the under-construction mall.
Only two days back, around fifty investors had lodged a complaint at Police Station Nawabad alleging threats to them by the landlord and the latter’s musclemen. The Crime Branch Jammu has already registered a case against the landlord for allegedly cheating the investors.
Pertinent to mention here that the Palm Island Mall at Akhnoor road, where around 200 people have invested, is almost ready from the last two years. This mall is being developed by a real estate company from Rajasthan in collaboration with Amarnath Chowdhary, the landlord and local joint venture partner. As per the agreement, Amarnath Chowdhary will provide the land and the company will develop the mall. However, even after the mall being constructed on site and sold to investors, the landowner is allegedly not signing the sale agreements of the clients which only he is entitled to do. The opening of the mall is getting delayed due to non availability of agreements to sale as it is the basic requirements to rope in brands and lease the mall where in the investors are loosing their monthly returns.
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