One of the directors, Satish Gupta, said they had only constructed an office at the vacant land and no colony was being developed.
Satish Gupta, MD, GBP Group “We vehemently deny the allegations by GMADA that led to subsequent action by the Police without any proper investigation. As a law-abiding real estate developer, we have been working around Tricity since a decade and have also delivered multiple residential projects.
We have a couple of projects ongoing on PR7 Road, Derabassi, Zirakpur, Mohali Extension and Kharar. GBP has always maintained its sanctity as a real estate developer and will continue to do so. Our request to GMADA will be to carry a fair investigation and understand our perspective as well. We have acquired the land in Joint Development Agreement (JDA) and built a temporary office in the location; however, no further development has been executed there for the past two years.”
