Up next
Tags

Politicians and developers sell common things. There is a politician-builder nexus but it should be seen positively, says Aaditya Thackeray.

By Varun Singh

Rarely you see a politician acknowledging the fact of builder-politician nexus. However, minister Aaditya Thackeray not only acknowledged it, but also said Politician and builder nexus should be seen positively.

Aaditya Thackeray was speaking at an event in Mumbai organised by NAREDCO an apex body of real estate developers across the country.

According to a tweet by ANI, Thackeray said, “There is a politician-builder nexus but it should be seen positively. We’ve been able to reduce stamp duty and premiums because of this nexus. Politicians and developers sell common things. We both sell hopes and dreams.”

The Tweet by ANI on Builder Politicians Nexus.

According to Thackeray, politicians and developers sell common things and this common thing is hopes and dreams.

He also claimed that it was because of the builder politician nexus that the stamp duty and premiums (that builders pay to the BMC), was reduced because of this nexus.

Aaditya Thackeray has said there is a politicians and builders nexus.
Aaditya Thackeray has said there is a politicians and builders nexus.

The common public has always been aware about such a nexus, but rarely anyone spoke about it, even politicians rarely spoke about it, however, this would be the first time a politician and that too a minister in the current state government openly spoke about the politicians and developers nexus.

Also Read: Shahid Balwa In Uddhav Govt’s Crucial Committee.

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
Real estate stocks traded mixed in early market hours as the Nifty Realty index slipped around 1%. Shares of Godrej Properties, Lodha Developers and DLF declined, while select stocks like Oberoi Realty and Anant Raj showed mild gains as investors remained cautious.

National Builders Are Betting Big on NCR — Here’s What It Means for Homebuyers

National developers now hold 13% of NCR’s new housing supply, up from 3% in 2022. Here’s what the shift means for homebuyers across Gurugram, Noida and beyond.
India’s housing market is shifting toward bigger homes, with average apartment sizes rising 17% in two years as luxury demand surges and buyers prioritize space, lifestyle, and premium living.

Even Without Agreement for Sale, MahaRERA Can Order Refund to Prevent Injustice

MahaRERA held that even without an Agreement for Sale, it can order refund with interest, as seen in the Ajmeri Heights Andheri case involving Ajmeri Realty.
Mumbai Tribunal rules that once a developer exits a redevelopment project by terminating the agreement, RERA loses jurisdiction. Flat buyers who paid ₹50 lakh each were told to approach Civil Court instead. A must-read warning for all homebuyers in society redevelopment projects.

One Signature Not on Time Costs Homebuyer His Entire Case in RERA Appeal

A homebuyer lost his RERA appeal without a merits hearing after the MahaRERA Appellate Tribunal held that unsigned and unnotarized appeal documents are invalid, turning an alleged 8-day delay into 125 days.
India’s Data Centre Market Sees $6.5 Billion Investment Surge, 139% Capacity Growth in a Decade: ANAROCK Report

Mumbai at the Core of India’s $25 Billion Data Center Boom by 2030

India’s data center industry is on a powerful growth track, with capacity expected to surpass 4,500 MW by 2030. Mumbai, holding the lion’s share, is steering this digital transformation, attracting billions in global investments. Aided by favorable policies and rising AI adoption, India is well on its way to becoming Asia-Pacific’s preferred data infrastructure destination.