Electoral bonds: Real Estate Developers Donate Big Sums to Political Parties

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    The top 25 real estate developers have given over Rs 630 crore to political parties through electoral bonds. The Bharatiya Janata Party (BJP) received the most, getting Rs 314 crore, according to data from the Election Commission and the State Bank of India.

    Other parties also got donations: Congress got about Rs 98 crore, Shiv Sena got Rs 87 crore, All India Trinamool Congress (TMC) got Rs 41 crore, and Bharat Rashtra Samithi (BRS) got over Rs 90 crore.

    DLF was the top donor among real estate developers, giving Rs 180 crore to the BJP. Prestige Group and its subsidiaries also donated over Rs 45 crore to various parties.

    Mumbai-based K Raheja Corp Private Ltd gave Rs 21 crore to BJP, Shiv Sena, and Bharat Rashtra Samithi. Anbee Constructions LLP, linked to Mindspace Business Parks Real Estate Investment Trust, gave over Rs 10 crore to Congress and Bharat Rashtra Samithi.

    Commercial real estate developers like Lulu India and Inorbit Malls gave over Rs 22 crore to BJP, Congress, and Bharat Rashtra Samithi.

    The BJP got the most from the electoral bonds scheme, receiving Rs 6,061 crore in the last five years. This is 48% of all electoral bonds given to political parties since 2019-20. Trinamool Congress got Rs 1,610 crore, and Indian National Congress got Rs 1,422 crore, making them the next highest recipients.

    Also read: Real Estate Companies Contribute Rs 920 Crore to Political Parties via Electoral Bonds

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