Dear all:

We are all awair of the recent news concerning the Talaat Mustafa Group. From all the court cases against them by the residance of El-Rehab to the last decision concerning Madinaty. This is in addition to their leader's personal confrontation with the criminal law.

 

All these must lead the leaders of the group to recalculate their policy and stop digging the group deeper and deeper in a hole. The idea that they can challenge all these court decisions in courts will end up with nothing except costing the group lots of money which will all go the the lawyers.

 

Rather, the group must call for a moment of truth with the residance of El-Rehab and open the books to their leaders, help in the transfere of their properties to their names, stop the breaking of all the contract promises and simply be as honost as they must be. Deliver the units in a better and livable shape as promised in the contract.

 

I know that the last thing that these residance want is to have the government taking over these projects. They will destroy it in few years just like they usually do in everything else. They also do not care about how the Talaat Mustafa Group was able to get these properties from the government neither how much they paid for it. We like to have the best relation between us and we do not want the government to interfere in our business.I was concerned when I read that the Prime Minster ask for the formation of a "Committee" to look after the interest of investores and owners of units in madinaty. I certainly hope this will never happen because we will be dealing with the government instead.

 

For the group to do this it must ,and immediately ,call for the formation of homeoweners association selected in a democratic way and be transparent in everything they do. The union must have a say through democratic elected individuals, in the management of the city and being informed of any future planes and policies.

 

The group leaders must respect and treat all residance with respect listening to their complains and take an immediate action to correct any violations.

 

Finaly, the goup is now facing a  cridibility problem with all these litigations and they need a massive public imigae polishing campaign so it will not go deeper in a hole.

 

I hope that somebody is listening.

All the best. Dr. Aly Sharaf