Real estate: It’s a big, nasty racket out there
Now we know that DLF, the country’s biggest real estate developer, and Robert Vadra, the son-in-law of the country’s most powerful person, Sonia Gandhi, had sweetheart deals, however, the moral question of it remains.
The real estate business does offer a lot of scope for fudging accounts, including hiding the profits and the finding creative ways of conveying bribes. In fact, because the bribe works, the real estate developers find newer ways of making profits by bending and flouting rules. Given the size of their clout, they are not investigated, leave alone blacklisted. Throw a brick, and chances are it would land on a crooked builder-developer.
DLF-Vadra story is not an exception; it is only a story aired in public because someone not only found out the alleged mischief but decided to do something about it.
Reality check at real estate. AFP
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