Tag Archives: real estate

Newsbeat

Hyderabad: Food Delivery Man Held with Cash

Hyderabad: Food Delivery Man Held with Rs 14.9 Lakh in Unaccounted Cash

Hyderabad: Three individuals were apprehended by Task Force officials in Hyderabad on Thursday night for carrying a total of Rs 35.9 lakh in unaccounted cash during separate incidents.

The first instance involved G. Nagarjuna (30), a food delivery executive from Serilingampally. Nagarjuna, originally from Andhra Pradesh, arrived in the city a month ago to work for a well-known food joint. Acting on instructions from his friend Mastan Vali, who is currently in Kuwait, Nagarjuna collected Rs 14.9 lakh in cash from a plywood store in Mangalhat. The money was intended for an unidentified realtor.

In a separate incident at MJ Market in Abid Road, Noor Mohammed, a scrap dealer from Habeebnagar, and Failsak Mallik, a computer hardware dealer from Mallepally, were caught travelling together on a motorcycle with Rs 21 lakh in unaccounted cash. Police reports indicate that the business partners were unable to provide a legitimate source for the cash or produce any relevant documentation.

Both individuals, along with the seized money, have been handed over to the local police for further investigation.

Source.

Blog

Mumbai Billionaire’s Train Commute Goes Viral

Mumbai Billionaire Takes Local Train to Beat Traffic, Goes Viral

Mumbai: In a rare sight, billionaire businessman Niranjan Hiranandani, the co-founder and managing director of Hiranandani Group, a real estate giant, ditched his luxury car and hopped on a local train to reach his destination in time, avoiding the city’s notorious traffic jams.

Hiranandani, who has a net worth of $1.5 billion as of December 2023, shared a video of his train journey from Mumbai to Ulhasnagar on Instagram, where it quickly garnered millions of views and comments. He captioned the video as “Saving Time and beating Traffic with the City’s Lifeline a journey from Mumbai to Ulhasnagar in an AC coach was an insightful personal experience.”

The video shows the 73-year-old entrepreneur waiting at the platform with other commuters, boarding an air-conditioned coach, and interacting with fellow passengers during the 30-minute ride. He also added a piece of trending background music from the Ranbir Kapoor-starrer Animal Movie to the video, adding to its appeal.

Hiranandani’s decision to take the local train was strategic, as he had to attend an event at CHM College in Ulhasnagar, which would have taken hours by road. By choosing the train, he not only saved time but also got a chance to experience the city’s lifeline, which carries over 7.5 million passengers daily.

Many netizens praised Hiranandani for his humble and down-to-earth gesture, while some joked about his wealth and lifestyle. Some celebrities and social media influencers also commented on his post, expressing their surprise and admiration.

Hiranandani is one of the most prominent and influential businessmen in India, who has built several iconic residential and commercial projects across the country. He is also the president of the Associated Chambers of Commerce and Industry of India (ASSOCHAM) and the co-chairman of the UK-India Business Council (UKIBC).

Newsbeat

Congress Leader Revanth Reddy’s Real Estate Ambitions Draw Criticism

TPCC president A Revanth Reddy’s plans to replicate the failed Amaravati land pooling scheme in Telangana have evoked stinging criticism from the ruling Bharat Rashtra Samithi (BRS) and rival parties.

Reddy’s proposal to pool 50,000 acres of land in Rachakonda to build a new city has been labeled as a “real estate broker’s mindset” by his opponents. They point to the disastrous consequences of the Amaravati land pooling scheme, which left many farmers landless and debt-ridden.

BRS working president KT Rama Rao mocked Reddy’s plans, calling him a “gold medal winner” for his involvement in the cash-for-vote scam. Reddy had earlier referred to his jail term for bribery as a “medal,” further fueling the criticism.

Reddy’s real estate ambitions have also raised concerns among farmers, who fear losing their land to corporate interests. They point to the fact that the Amaravati land pooling scheme was primarily aimed at benefiting real estate developers.

The TPCC president’s comments have also reignited the debate over land acquisition and development in Telangana. Critics argue that Reddy’s plans are nothing more than a thinly veiled attempt to enrich himself and his cronies at the expense of farmers.

The BRS government, on the other hand, has promised to protect the rights of farmers and ensure fair compensation for land acquisition. They have also launched several schemes to support farmers and improve their livelihoods.

It remains to be seen whether Reddy’s real estate ambitions will gain traction in Telangana. The public’s response to his plans will be a key factor in determining the success or failure of his political agenda.

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