Dhaval Buch's Blackstone Role Precedes Wife Madhabi's SEBI Appointment, Sparks Conflict Concerns
Dhaval Buch's role at Blackstone predates his wife Madhabi Buch's SEBI appointment, sparking concerns of potential conflicts of interest in regulatory changes affecting the REIT sector.
Dhaval BuchMadhabi BuchSebiBlackstoneReitReal Estate NewsAug 11, 2024
Blackstone, a major player in India's REIT sector, saw regulatory changes during Madhabi Buch's tenure that allegedly favoured the firm. This includes the approval of Blackstone-sponsored REITs like Embassy, Mindspace, and Nexus Select Trust.
Dhaval Buch, Madhabi's husband, was appointed as Senior Advisor to Blackstone Private Equity in 2019, based on his extensive expertise in supply chain management. His role has been publicly known, and he has never been involved with Blackstone's real estate sector.
The report by Hindenburg Research highlighted that Dhaval Buch joined Blackstone as a Senior Advisor in July 2019, despite never having
Frequently Asked Questions
What is the role of Dhaval Buch at Blackstone?
Dhaval Buch is a Senior Advisor to Blackstone Private Equity, appointed in 2019 based on his expertise in supply chain management.
What is the concern about Madhabi Buch's connection to Blackstone?
The concern is that regulatory changes during Madhabi Buch's tenure as SEBI Chairperson may have favoured Blackstone, a firm her husband advises, creating a potential conflict of interest.
What is a REIT?
A real estate investment trust (REIT) is an investment vehicle that owns revenue-generating real estate or infrastructure assets.
What is Hindenburg Research?
Hindenburg Research is a US-based short-seller that has made allegations about potential conflicts of interest related to SEBI's regulatory changes affecting the REIT sector.
What is the significance of Blackstone's addition to Madhabi Buch's recusal list?
The addition of Blackstone to Madhabi Buch's recusal list is intended to avoid any potential conflicts of interest, given her husband's role at the firm.
Related News Articles
Revolutionizing Commercial Real Estate: The Rise of CRM Systems
The global Commercial Real Estate CRM System Market is growing rapidly due to increasing interest from individuals and organizations, driving expansion during the forecast period of 2024-2031.
Shriram Properties to Collaborate on Six-Acre Land Development in Pune
Shriram Properties is set to launch a joint development project on a six-acre land in Pune during the second half of the fiscal year 2025. The project is estimated to have an aggregate revenue potential of Rs 700-750 crore.
Harish Rao Accuses Congress of Real Estate and Economic Downturn in Telangana
Harish Rao, a prominent figure in Telangana, has strongly criticized the Congress party for the recent decline in the real estate sector and the overall economic downturn in the state. As a realtor, Revanth Reddy once boasted about his knowledge of real e
Brigade Group Plans Rs 1,500 Crore Investment in Kerala for Real Estate Expansion
Real estate giant Brigade Group has announced a significant investment of Rs 1,500 crore in Kerala to expand its business. The investment is part of the company’s broader growth strategy and is expected to boost the real estate market in the state.
Real Estate Market Remains Resilient, But Affordable Housing and High-End Segments Face Challenges
Gulam Zia, Senior Executive Director at Knight Frank India, highlights the resilience of the real estate market post-COVID-19, but raises concerns over the shrinking affordable housing segment and the challenges in the ₹10-50 crore property range.
Mumbai's Iconic Laxmi Nivas Bungalow Sells for a Whopping ₹276 Crore
Laxmi Nivas Bungalow, a historical landmark in Mumbai, has been sold for ₹276 crore, marking one of the most significant real estate transactions in the city. The property, once a hub of the Indian freedom movement, now stands as a testament to the city's