The article “Exposing Piramal Realty: Krishnaraj Rao” highlights several concerns regarding Piramal Realty’s business practices:

One-Sided Agreements: The draft agreements for projects like Piramal Revanta Towers are criticized for being heavily skewed in favor of the developer. These contracts grant PRL Developers Private Limited extensive rights over land development, limiting flat-buyers’ ability to raise objections. Exit clauses are also noted to favor the developer, undermining buyers’ rights.

Environmental Impact: The article labels Mr. Ajay Piramal as an “eco-terrorist,” accusing him of exploiting nature without regard for biodiversity. It references environmental concerns associated with Piramal’s pharmaceutical plant in Digwal, Telangana, and criticizes real estate developments in ecologically sensitive coastal areas like Mumbai, which face risks from climate change and rising sea levels.

Legal and Ethical Issues: The piece suggests that law enforcement and the judiciary may not always protect flat-buyers from exploitation by builders. It mentions that when police mediate between defrauded buyers and builders, resulting agreements often contain loopholes allowing builders to evade accountability. Builders, including Piramal Realty, are accused of proposing out-of-court settlements to avoid civil litigation, which may be ineffective or detrimental to buyers’ interests.

The article includes videos by Krishnaraj Rao and a press conference by Siddarth Jaaju to support these claims.