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.

You May Also Like

Covid19, builders offer free cancelation, no rentals

Covid19 that has put the entire country under lockdown has brought the…

MMR Saw 16,510 Launches in Q3 of 2021, 140% Increase from Q2

MMR saw approx. 16,510 units launched during this quarter – a yearly increase of approx.…

Officegoers Spend 7 Hours A Day In Commute

Commute is taking at least 7 hours of a day of an…

While Markets Slow, India’s Rich Keep Betting Big on Luxury Homes

As markets moderate and growth expectations cool, India’s rich continue to bet big on luxury homes, driven by long-term confidence, wealth creation, and the scarcity of prime assets.