Maharashtra Congress: High Command's Role and Shinde's Real Estate Ally
The appointment of Harshvardhan Sapkal as the Maharashtra Congress chief and the return of Eknath Shinde's confidant, Ajay Ashar, to his real estate business highlight the dynamics of power and influence in the state's political landscape.
Maharashtra CongressHarshvardhan SapkalEknath ShindeAjay AsharCidcoReal EstateJun 23, 2025
Dy CM Eknath Shinde’s ‘Man Friday’, Thane-based developer Ajay Ashar, has decided to alienate from his political patron and focus on his sprawling real estate business. Ashar apparently had a key role in lifting Shinde to the CM’s seat. He was among the main ‘negotiators’ with the BJP top brass and even shouldered the responsibilities of the high-cost ‘takeover’ in Maharashtra. As reward, Ashar was appointed as vice-chairman of Maharashtra Institute for Transformation (MITRA) – a financial planning body. But after Shinde was handed the second fiddle in the new government, Ashar was removed from the role. Thus, Ashar has once again found time for his real estate ventures.
Maharashtra government’s City and Industrial Development Corporation (CIDCO) recently celebrated its 55th Foundation Day, highlighting the organisation’s global standards in urban planning and development. As part of the bash, several CIDCO higher-ups were reportedly provided 55gm gold value coins embossed with the 55th foundation day mark. The buzz was that these heavy coins were put on the CIDCO exchequer under different heads. Unfortunately, the CIDCO, in charge of the Navi Mumbai airport, is struggling to pay the salary of its own employees. The cash-rich board is allegedly being looted by its top officers by inflating local land prices.
Frequently Asked Questions
Who is Harshvardhan Sapkal and what is his role in the Maharashtra Congress?
Harshvardhan Sapkal is the recently appointed Maharashtra Congress chief. His appointment is believed to be influenced by his closeness with the high command. However, he is facing challenges in placing his confidants in key positions within the party.
What role did Ajay Ashar play in Eknath Shinde's political career?
Ajay Ashar, a Thane-based developer, played a crucial role in lifting Eknath Shinde to the position of Chief Minister. He was one of the main negotiators with the BJP top brass and was appointed as vice-chairman of the Maharashtra Institute for Transformation (MITRA).
Why did Ajay Ashar return to his real estate business?
After Eknath Shinde was handed the second fiddle in the new government, Ajay Ashar was removed from his role as vice-chairman of MITRA. This prompted him to return to his real estate ventures.
What controversy surrounded CIDCO's 55th anniversary celebration?
CIDCO provided 55gm gold value coins to several higher-ups during its 55th Foundation Day celebration. These coins were allegedly put on the CIDCO exchequer under different heads, even though the organization is struggling to pay its employees' salaries.
What is CIDCO's role in urban planning and development in Maharashtra?
CIDCO, or the City and Industrial Development Corporation, is responsible for urban planning and development in Maharashtra. It is also in charge of the Navi Mumbai airport. However, it has been accused of being looted by its top officers through the inflation of local land prices.
Related News Articles
Smartening Up: How Technology is Revolutionizing the Real Estate Sector
The real estate industry is undergoing a technological transformation
Pune Ring Road's Western Phase Land Acquisition: A Boost to Real Estate
The western phase of Pune Ring Road's land acquisition is expected to be completed by June end, paving the way for a real estate boom in the region.
Revolutionizing Real Estate: 'Real Estate Talk' App Launches in Maharashtra
The 'Real Estate Talk' app, brainchild of a UK-based entrepreneur with roots in Maharashtra, promises to connect buyers, sellers, and service providers like never before.
HSBC India Offers Rs 300 Crore Green Loan to Neovantage for Sustainable Growth
HSBC India provides green loan to Neovantage Innovation Parks, a life sciences real estate company in Hyderabad, to refinance existing debt.
Bachchans Make a Major Real Estate Move with ₹25 Crore Investment in Mulund, Mumbai
Amitabh and Abhishek Bachchan have made a significant real estate investment by purchasing luxury properties worth ₹24.95 crore in Mulund, Mumbai, further expanding their already substantial real estate portfolio.
Mumbai: BMC Revisits Solid Waste Bylaws to Impose User Fee, Enforce Fines on Bulk Waste Generators
The Brihanmumbai Municipal Corporation (BMC) is revisiting its solid waste management bylaws with the aim of imposing a user fee and enforcing fines on bulk waste generators. This fee will be added to the property tax bill, contributing to better waste co