The Times continues to pull back the curtain on scandal-tainted foreign buyers who buy multimillion dollar apartments in Manhattan via anonymous shell companies. Today, the investigation turns to Indian mega-builder Kabul Chawla, who has sold hundreds of apartments in a residential complex to buyers in New Delhi but has yet to complete them stringing buyers along for years. At the same time he was facing backlash at home, he was probably buying a $19.4 million condo at the Time Warner Center. In all cash. Bonkers. [NYT; previously]
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