A very relevant tutorial considering the nose bleed realty prices currently in most parts of India especially my hometown Mumbai.The screen is initially dark for the first minute or so but not to worry, that’s how the tutorial starts.
Came across this amazing blog post by Chandresh Adhiya
He writes:
“Black money of politicians was slowly being withdrawn from cash havens like Swiss Accounts, Mauritius etc and being brought into economy, only best industry where maximum black money can be absorbed is Real Estate……Majority of this money has caused hike in prices and during election all these money will be sucked out of system…..Minimum amount that will be sucked out by elections would be INR 5000 per vote X 250000000 (25 crore voters who vote only when they get money) = 1250000000000 (Hundred & Twenty Five Thousand Crores)….Imagine what will happen to already cash starved industry when this amount is pulled out ?”
As a student of history, I marvel at how ironical the fates are.
This true story probably highlights the irony more than anything.
Sir Currimbhoy Ebrahim was one of the greatest industrialists of his era.His family were fabulously rich and wealthy and at one time (1920) held the second largest number of mills in Bombay.
Belonging to the Ismaili Dawoodi Bohra community, he harbored a desire to give back to the community.So he started the Currimbhoy Ebrahim Khoja Orphanage in 1894 for the welfare of orphans .
One of the most generous princes of the time, Maharaja Madhavrao Scindia of Gwalior donated the land for the orphanage.
Fast forward, more than hundred years later, the richest man in India, Mukesh Ambani wants to build a private residence for himself and his family.
He buys the property from the trust for 21.5 Crores in the year 2002.He builds a 27 storey building there called Antilla and starts living there (see photos)
So in a supreme irony of fate, the land which was meant by Sir Currimbhoy Ebrahim and Maharaja Madhavrao Scindia to be used for poor orphans is now being used legally by the richest man in the land.
This is India !!
