The Wealthiest Candidate in Maharashtra’s Elections: Parag Shah’s Assets Surge 575%
In the last five years, Parag Shah's assets have grown by an astounding 575%. During the 2019 assembly elections, his property was valued at Rs 550.62 crore.
Parag ShahMaharashtra ElectionsWealthy PoliticiansReal EstateGhatkopar EastReal Estate MaharashtraOct 30, 2024
Parag Shah, a real estate developer, holds a Bachelor's degree in Commerce (BCom). He founded Man Infraconstruction Ltd in 2002 and has been actively involved in politics since 2017. He was elected as a BJP Municipal Councillor from Ghatkopar East, Ward No. 132, in February 2017, with a strong commitment to serving the community.
The political landscape in Maharashtra is highly competitive, with nearly 8,000 candidates vying for the 288 assembly seats. The ruling Mahyuti and the opposition Maha Vikas Aghadi (MVA) are the main players in these elections, set to take place on November 20, with results expected on November 23.
The BJP is contesting 148 assembly seats, while the Congress is fielding candidates for 103 seats. Maharashtra Chief Minister Eknath Shinde's Shiv Sena has nominated candidates for 80 seats, and Deputy Chief Minister Ajit Pawar's NCP has 53 contestants. The Mahayuti alliance has distributed five seats to other allies, but decisions on two segments remain pending.
On the opposition side, the MVA is a strong contender, with the Congress contesting 103 seats. Uddhav Thackeray's Shiv Sena (UBT) is fielding 89 candidates, and Sharad Pawar's NCP (SP) has nominated 87 contestants. The MVA has given six seats to other allies, but three assembly segments are yet to be finalized.
Parag Shah's significant asset growth underscores the financial clout of influential political figures in Maharashtra. His background in real estate and his commitment to community service make him a formidable candidate in the Ghatkopar East constituency.
Frequently Asked Questions
How much are Parag Shah's declared assets worth in the 2024 assembly elections?
Parag Shah has declared assets worth Rs 3,383.06 crore.
What is the percentage growth in Parag Shah's assets over the last five years?
Parag Shah's assets have grown by 575% over the last five years.
What kind of assets does Parag Shah hold?
Parag Shah holds movable assets worth Rs 3,315.52 crore and immovable assets worth Rs 67.53 crore.
What is Parag Shah's educational background?
Parag Shah holds a Bachelor's degree in Commerce (BCom).
Which political party does Parag Shah represent in the 2024 Maharashtra assembly elections?
Parag Shah represents the BJP (Bharatiya Janata Party) in the 2024 Maharashtra assembly elections.
Related News Articles
India's Office Space Goldmine: $48 Billion Up for Grabs
Fractional ownership market expected to exceed $5 billion by 2030
Mumbai Metropolitan Region Sees 5% Rise in Housing Sales in FY24
Navi Mumbai witnesses highest spike in unsold inventory, while South Mumbai's luxury projects see maximum sales
Raymond Group Aims to List Apparel and Real Estate Units by 2025 End
Raymond shares surge 9% on Bloomberg report, BSE and NSE seek clarification
PNB Housing Revives Commercial Mortgage Biz as Affordable Loans Drive Growth
PNB Housing Finance is reviving its commercial mortgage business as affordable housing loans drive growth, offering yields of 12.6%.
Maharashtra Government Abolishes NA Tax for Urban Housing Societies
In a major relief to urban housing societies, the Maharashtra government has decided to eliminate the Non-Agricultural (NA) tax, a move that is expected to boost the state's real estate sector.
AOC and Progressive Allies Push for Federal Social Housing: The HOMES Act Explained
The HOMES Act, introduced by Rep. Alexandria Ocasio-Cortez and Sen. Tina Smith, aims to create a federal housing development authority to build over a million permanently affordable homes. This new model of social housing is gaining traction, but it faces