The alleged involvement of politicians in protecting accused businessmen has raised questions about the influence of big business on politics in Maharashtra. Cities like Mumbai
Real EstateMaharashtraPoliticiansBusinessmenCorruptionReal Estate MaharashtraMay 29, 2024
The nexus refers to the alleged involvement of politicians in protecting accused businessmen particularly in the real estate sector
The real estate sector in Maharashtra has seen tremendous growth in the past three decades with cities like Mumbai Thane Pune and Nagpur experiencing a boom
Politicians in Maharashtra have been accused of involvement in unauthorised constructions encroachments and environment damage as well as tampering with evidence and protecting accused businessmen
The NCP is a regional political party in India that has been in power in Maharashtra for several years and has been involved in several controversies related to corruption and nepotism
Citizens can hold politicians accountable by raising their voice protesting and demanding transparency and accountability from their elected representatives
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House of Hiranandani, a leading real estate company, plans to invest Rs 3,200 crore in redeveloping five housing societies in Mumbai, with a total area of 17 lakh square feet and a GDV of Rs 5,000 crore.
The reserve price for the property is set at ₹805 crore, reflecting its high potential for premium projects in this sought-after location.
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Aditya Birla Real Estate's stock saw a 3.9% increase on January 14, 2025, after four consecutive days of decline, reaching an intraday high of Rs 1977.9. Despite this boost, the stock still lags behind the sector.