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Old 31-05-07   #1
Manoj Misra is offline Manoj Misra
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Default Is builder-bureaucrat-politician nexus ruling Indian Real Estate?

Recently a Pune builder has caught national attention - all for wrong reasons.

CNN-IBN has a story titled:

Pune builder's shady road to riches, , May 30, 2007 at 03:25
http://www.ibnlive.com/news/bend-it-...s/41623-3.html give some interesting details.

Article says,

"Official documents now in the possession of CNN-IBN clearly show how rules were bent to help Bhosale and his associate, Venku Reddy, get multi-crore contracts from the Maharashtra Krishna Valley Development Project."

This is not one off case. There are several cases of builder-bureaucrat-politician nexus. Is this nexus ruling the Indian Real Estate Industry?

What are your views?

Manoj Misra
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