Maharashtra Land Deal Sparks Controversy: Opposition Raises Concerns Over Real Estate Firm's Eligibility

Maharashtra Congress leader Vijay Wadettiwar claims state government is paying Rs 400 crore to a real estate firm despite opposition from its own housing department.

Real EstateMaharashtraControversyLand DealOpposition LeaderReal Estate MaharashtraJul 22, 2024

Maharashtra Land Deal Sparks Controversy: Opposition Raises Concerns Over Real Estate Firm's Eligibility
Real Estate Maharashtra:A recent revelation by Senior Maharashtra Congress leader Vijay Wadettiwar has raised eyebrows in the state's political circle. Wadettiwar claimed that the Maharashtra government has agreed to pay a whopping Rs 400 crore to Chadha Developers and Promoters, a real estate firm, despite opposition from its own housing department. This deal has sparked concerns about the firm's eligibility and the government's decision-making process.

According to Wadettiwar, the firm has already received Rs 127 crore from the state government, even though it has not delivered a single home to the beneficiaries of the Pradhan Mantri Awas Yojana scheme. The Maharashtra Housing and Area Development Authority (MHADA) has also raised concerns about the firm's past controversies and eligibility.

The CEO of MHADA informed Wadettiwar that the firm is set to receive Rs 50 crore at each project stage, which has raised suspicions about the entire deal. The opposition is now demanding more scrutiny into the firm's past record and its eligibility for such a massive project.

The Maharashtra government's decision to go ahead with the deal has raised questions about the transparency and accountability of the state's administration. The opposition is now pressing for more information about the deal and the government's decision-making process.

Information Chadha Developers and Promoters is a real estate firm that has been involved in several projects in Maharashtra. However, the firm has faced controversy in the past related to its construction quality and project delays.

The Maharashtra Housing and Area Development Authority (MHADA) is a state-run housing agency responsible for providing affordable housing to the people of Maharashtra.

Frequently Asked Questions

How much has the Maharashtra government agreed to pay to the real estate firm?

Rs 400 crore

How much has the firm already received from the state government?

Rs 127 crore

What is the project for which the firm is receiving the payment?

Pradhan Mantri Awas Yojana scheme

Who is the CEO of MHADA that informed Wadettiwar about the deal?

Not specified

What is the name of the real estate firm involved in the controversy?

Chadha Developers and Promoters

Related News Articles

Goel Ganga Development: A Pillar of Strength in Pune's Real Estate Industry
Real Estate

Goel Ganga Development: A Pillar of Strength in Pune's Real Estate Industry

With over four decades of experience, Goel Ganga Developments has become a household name in Pune's real estate market, known for its high standards and prompt delivery.

August 21, 2024
Read Article
Murdoch's REA Eyes Bid for UK Housing Giant Rightmove
real estate news

Murdoch's REA Eyes Bid for UK Housing Giant Rightmove

Rightmove's steady revenue growth and the UK housing market's expected pickup as interest rates decline make it an attractive target for REA Group.

September 2, 2024
Read Article
Supreme Court Proposes CBI Investigation into Bank-Builder Collusion
Real Estate

Supreme Court Proposes CBI Investigation into Bank-Builder Collusion

The Supreme Court has raised concerns about the alleged collusion between banks and real estate developers in various housing projects, suggesting a CBI probe to uncover the truth.

March 18, 2025
Read Article
Manoj Bajpayee and Wife Secure New Office Space in Andheri West
Real Estate Mumbai

Manoj Bajpayee and Wife Secure New Office Space in Andheri West

Bollywood actor Manoj Bajpayee and his wife have recently acquired a new office space in Andheri West, Mumbai. The acquisition highlights the couple's growing business ventures and their commitment to the real estate market.

April 24, 2025
Read Article
Sunteck Realty Reports 40% Increase in Sale Bookings to Rs 635 Crore in Q3 FY25
Real Estate

Sunteck Realty Reports 40% Increase in Sale Bookings to Rs 635 Crore in Q3 FY25

Sunteck Realty has announced a 40% increase in its sale bookings to Rs 635 crore in the latest December quarter, driven by strong housing demand.

January 12, 2025
Read Article
The Mysterious Shooting of a Property Dealer in Paschim Vihar
Real Estate

The Mysterious Shooting of a Property Dealer in Paschim Vihar

Rajkumar Dalal, a prominent property dealer in Paschim Vihar, was tragically shot dead in his SUV. The incident has left the community in shock and raised questions about the safety and security in the area.

April 12, 2025
Read Article