A SMALL TIME SILK CLOTH MERCHANT ON CHOWDESHWARI TEMPLE STREET, NEAR AVENUE ROAD, FROM AN UNKNOWN DESTINATION IN RAJASTHAN, CAME WITH 0000000000,CLAIMS TO BE AN EXPORTER, BUILT A REAL ESTATE EMPIRE WITHOUT ANY EDUCATIONAL NOR TECHNICAL BACKGROUND, WORTH OVER RS1000 CRORES IN A VERY SHORT SPAN WITH THE HELP OF POLITICIAN AND BUREAUCRATS, ALLEGED TO HAVE LARGE SCALE IRREGULARITIES IN LAND ACQUISITION.
A LARGE CHUNK OF RACHENAHALLY VILLAGE, WHICH WAS ACQUIRED FOR THE RESIDENTIAL DEVELOPMENT BY THE BDA WAS TRANSFERRED FOR INDUSTRIAL DEVELOPMENT AND THE DEVELOPER. THE PRICES OF RESIDENTIAL SITES IN THAT AREA IS SOLD BETWEEN RS5,000/- TO RS7,000 A SQUARE FEET. THE ORIGINAL OWNERS OF THE LAND HAVE BEEN PAID A PITTANCE OF RS 20,00,000/- AN ACRES, WHILE THE REAL ESTATE COMPANY MADE BILLIONS.