BJP Functionary Held for Coercing City-Based Realtor
A BJP functionary was arrested by the city police for allegedly threatening a realtor and demanding that he register a 15-acre plot in his name.
BjpRealtorChennaiTamil NaduReal Estate DisputeReal Estate NewsSep 04, 2024
Moorthy, who runs a real estate firm, had utilized the loan to buy a 14.8-acre land parcel at Palur in neighboring Chengalpattu district. He then developed the land into plots for sale. Recently, Moorthy contacted Sivakumar to discuss the sale of some plots and offered him a commission.
However, on Tuesday, Sivakumar, accompanied by four of his henchmen, allegedly stormed into Moorthy's office in Choolaimedu. They threatened Moorthy and demanded that he register the land in Sivakumar's name.
Based on Moorthy's complaint, the Choolaimedu police registered a case and arrested Sivakumar on Tuesday night. The police are also searching for the four men who accompanied Sivakumar.
This incident has raised concerns about the involvement of politicians in real estate disputes and the use of coercion to settle scores. The police are investigating the matter and will take necessary action against those involved.
The Bharatiya Janata Party (BJP) is a major political party in India. Founded in 1980, the party has been in power at the national level since 2014. The BJP has a strong presence in several states, including Tamil Nadu, where the incident took place.
The real estate sector in India has been plagued by disputes and controversies. The sector has seen several instances of builders and developers being involved in disputes with buyers and investors.
Information
The BJP has been in power in several states, including Tamil Nadu, where the incident took place. The party has a strong presence in the state and has been involved in several controversies.The Bharatiya Janata Party (BJP) is a major political party in India. Founded in 1980, the party has been in power at the national level since 2014.
Frequently Asked Questions
Who was arrested by the city police?
L Sivakumar, a BJP functionary from Cuddalore, was arrested by the city police.
What was the reason for Sivakumar's arrest?
Sivakumar was arrested for allegedly threatening a city-based realtor and demanding that he register a 15-acre plot in his name.
How much loan did Sivakumar provide to Moorthy?
Sivakumar provided a loan of Rs 3 crore to Moorthy to purchase land and develop it into plots.
Where did Moorthy buy the land parcel?
Moorthy bought a 14.8-acre land parcel at Palur in neighboring Chengalpattu district.
What is the status of the case?
The Choolaimedu police registered a case and arrested Sivakumar on Tuesday night. The police are also searching for the four men who accompanied Sivakumar.
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora