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

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    First what is Electoral bonds

    Electoral bonds are financial instruments introduced by the Government of India to enable individuals and organizations to donate money to political parties anonymously. These bonds can be purchased from specified branches of authorized banks and are issued in multiples of Rs 1,000, Rs 10,000, Rs 1 lakh, Rs 10 lakh, and Rs 1 crore. Electoral bonds aim to bring transparency to political funding while ensuring donor confidentiality.

    Real Estate Companies Contribute Rs 920 Crore

    Indian real estate companies have collectively donated over Rs 920 crore to various political parties between 2019 and 2024 through electoral bonds, according to data released by the Election Commission and compiled by the State Bank of India.

    DLF, a prominent player in the real estate sector, emerged as the top donor with a contribution of Rs 180 crore. This sum includes donations from subsidiaries such as DLF Commercial Developers Ltd, DLF Luxury Homes Ltd, and DLF Garden City Indore Pvt Ltd.

    Other notable contributors include Prestige Group from Bengaluru, which donated approximately Rs 45 crore, followed by Mumbai-headquartered K Raheja Corp Private Ltd with Rs 21 crore, and Rustomjee Group with Rs 5 crore. Anbee Constructions LLP, associated with Mindspace Business Parks Real Estate Investment Trust, contributed Rs 4.5 crore.

    Additional contributors include Chenani Green Woods Pvt Ltd, Lulu India Shopping Mall Pvt Ltd, Inorbit Malls India, and Kalpataru Projects International Ltd, among others.

    Also read: DDA Announces Sale of 10,000 Ready-to-Move-In Flats

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