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
Mumbai Sees 52% Jump in Property Registration Revenue in October: Report
Mumbai witnessed a significant 52% rise in property registration revenue, reaching Rs 1081 crore in the Diwali month, according to a report by ANAROCK Research.
CBRE 2025 Survey: Mumbai and New Delhi Among Top 10 in Asia-Pacific for Cross-Border Real Estate Investment
India's growing prominence in the global real estate market reflects its resilience and evolving investor confidence, positioning cities like Mumbai and New Delhi among the top 10 in the Asia-Pacific region for cross-border investment, according to the CB
Budget 2024: Navigating India's Economic Future with Key Expectations
Get ready for the Union Budget 2024, which promises to bring significant changes to India's economic landscape, including reforms in the real estate sector.
Macrotech Developers Boosts Stake in Warehousing Firms with Rs 239.56 cr Investment
Macrotech Developers, a leading real estate firm, increases stake in three warehousing companies, aiming to enhance rental income.
Palghar and Boisar Set to Drive MMR’s Next Urban Expansion
The Maharashtra Airport Development Company (MADC) is spearheading a significant infrastructure boom in Palghar and Boisar, positioning these regions as the next major urban growth hubs in the Mumbai Metropolitan Region (MMR). Real estate developers are o
RBI Keeps Policy Rate Steady, Reduces GDP Forecast to 6.6%
MUMBAI: The Reserve Bank of India (RBI) has decided to keep the policy rate unchanged for the 11th consecutive time but has significantly reduced the GDP forecast to 6.6%.