A Mumbai businessman has taken a bold stand against the pervasive corruption in the city, shedding light on the systematic bribery that hinders economic progress and stifles honest entrepreneurship.
CorruptionMumbaiBusinessmanReal EstateTransparencyReal Estate MumbaiMar 25, 2025
The main issue highlighted by the Mumbai businessman is the pervasive corruption in the city, particularly in the form of systematic bribery involving government officials, law enforcement, and the real estate sector.
Corruption in Mumbai affects small businesses by making it nearly impossible to operate without paying off officials, leading to an unfair market that favors larger, well-connected entities.
The real estate sector is particularly affected by corruption in Mumbai, with developers often paying off municipal officers to bypass regulations and secure approvals.
Proposed measures to combat corruption include stricter laws, more robust enforcement mechanisms, and the implementation of a whistleblower protection program to encourage transparency and accountability.
The Mumbai Police Department has acknowledged the issue of corruption and has promised to take action, setting up a special task force to investigate and prosecute cases of corruption.
The union territory of Jammu and Kashmir has received investment proposals worth Rs 81,000 crore, thanks to the introduction of the new industrial development scheme and the repeal of Article 370.
India's residential property market has reached an all-time high in FY23, with home sales reaching Rs. 3.47 lakh crore ($42 billion), a 48% year-on-year increase and a 36% volume increase.
Meghna Infracon Infrastructure Limited has secured a redevelopment agreement for a residential project in Model Town, Lokhandwala, Andheri (West), Mumbai, expected to generate revenue of Rs 400 million.
The expo, organized by TIIPS and METKONNECT, will feature prominent real estate developers, including Nirvana Realty and Mera Villa Infra, showcasing properties in key destinations like Pune, Lonavala, and Karjat.
Uttam Kumar Reddy, a prominent figure in the Congress government, reassured real estate developers of the government's commitment to full-fledged cooperation with the industry. Speaking at the 14th Edition of the Property Show, Reddy outlined several init
The warehousing sector dominated with 74% of the total PE investments in Mumbai, amounting to US$ 1,537 million, while the residential sector attracted significant attention as well.