Lamaha Gardens playground was undervalued by $175M –residents
The Lamaha Gardens playground which residents are engaged in a battle to retrieve after a controversial sale more than a year ago was undervalued by around $175M.
Residents who represent the Lamaha Gardens Community Co-operative Society Limited, told Stabroek News that before the land was sold off for $29M, its size was also understated by 22,000 square feet.
The quiet sale of the land beginning during the Christmas season of 2012 has evoked the outrage of residents and led to public concerns that employees of several state bodies colluded in the disposal of the property. By way of summons, residents of the Lamaha Gardens area have moved to the courts to retrieve the property but they are also non-plussed …..To continue reading, login or subscribe now.