What Kejriwal missed, though, is the balance sheet for the following year (2010-11), in which Sky Light Realty paid a further Rs 8.57 crore for the Aralias flat, making for total payment of Rs 10.4 crore.
In its press release, DLF puts the total price of the Aralias flat at Rs 11.9 crore, while the rough cost of the seven Magnolias flats would be in excess of Rs 40 crore (all of which might not have been paid as yet, since the flats are not ready).
Sky Light Hospitality, meanwhile, increased its loan to Sky Light Realty from Rs 3.5 crore to Rs 6.61 crore in 2009-10, the money being shown as being for a joint venture (presumably, the DLF flats).
It also gave Rs 2.05 crore to Blue Breeze, and Rs 2 crore to yet another Mr Vadra firm, Real Earth Estates.
The company's biggest investment, though, was in Saket Courtyard Hospitality, its value after booking losses being Rs 31.7 crore.
While Sky Light Hospitality has accumulated losses (but only because the profits on the Manesar land were yet to be booked till 2010-11), Sky Light Realty has prospered; it had Rs 6.65 crore sloshing around in bank current accounts, its income from realty in 2010-11 was Rs 16.5 crore, accumulated reserves were Rs 12 crore, and it paid Rs 1.8 crore as tax on profits.
All that would be small beer compared to the current market value of the properties acquired.