Shah declared assets worth ₹3,383 crore, a significant leap from ₹500 crore in 2009. His real estate holdings and business ventures cemented his position as one of the wealthiest candidates in the race.
Maharashtra ElectionsPolitical FinanceCampaign FundsFinancial DisparityElection Commission Of IndiaReal Estate MaharashtraNov 19, 2024
Shah is a notable candidate in the 2024 Maharashtra elections who has declared assets worth ₹3,383 crore, a significant increase from ₹500 crore in 2009.
Ravi, a financially disadvantaged candidate in the 2024 Maharashtra elections, has declared assets worth just ₹5 lakh.
Wealthy candidates like Shah use their financial resources for extensive campaign funds, which can be used for advertising, rallies, and other campaign activities, often giving them a significant advantage.
Financially disadvantaged candidates often struggle to compete on the same level as wealthy candidates. They have to rely on grassroots efforts and community support, which can be time-consuming and labor-intensive.
The ECI has set limits on campaign expenditure and monitors the sources of funding to ensure a fair and transparent electoral process. However, implementing and enforcing these measures remains a challenge.
The trust, owned by Singaporean property giant CapitaLand, has acquired an office building in Navi Mumbai for up to Rs 706 crore, marking its second purchase in the Aurum Q Parc development.
Bank of America Securities has downgraded Alexandria Real Estate Equities' stock from Buy to Neutral, citing slowed NOI growth outlook.
Mahesh Misra of India Mortgage Guarantee Corporation (IMGC) highlights the need to update tax exemptions set in 2014 to align with escalating housing costs and suggests a 2% interest rate subsidy.
In a remarkable market shift, apartments priced above Rs 5 crore saw an 80% surge in sales in 2024, with a total of 15,532 such luxury homes sold across India's top cities, according to a report by JLL.
Adani Group, led by Gautam Adani, has announced a one billion dollar bid for Jaypee Group's extensive real estate and cement units, signaling a major expansion into the Indian property sector.
Ekamaya Property Private Limited, a subsidiary of Birla Estates, has acquired a 24.5-acre land parcel in Kalwa, Mumbai MMR, for Rs 537.42 crore.