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 National Company Law Appellate Tribunal (NCLAT) has upheld Adani Goodhomes' resolution plan to acquire bankrupt real estate company Radius Estates.
HDFC Capital Advisors is set to invest over $2 billion in affordable and mid-income housing in India by 2025, aiming to ease supply-side limitations and fund one million homes.
NBCC has bagged a Rs 710 crore contract to develop two land parcels in Jhansi, Uttar Pradesh. The project includes construction, planning, and marketing of the developed areas.
Chimanlal Suresh Kumar, a textile trader turned real estate mogul, is under investigation for encroaching and selling lake land at Shastripuram, cheating hundreds of buyers out of crores.
Congress MP Varsha Gaikwad accuses Maharashtra government of favoring Gautam Adani in Dharavi redevelopment project
Bengaluru, Mumbai, and Hyderabad lead the charge, accounting for nearly two-thirds of the total space absorption across nine major cities in India.