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The Hindu
The Hindu
National
Serish Nanisetti

Realty majors in news helped BRS become fourth highest recipient of electoral bonds

The Bharat Rashtra Samithi (BRS) has emerged as the fourth largest recipient of electoral bonds encashing ₹1,214.6 crore. While the ₹195 crore donation by the Megha Engineering and Infrastructures Limited (MEIL) is in the news, the real estate companies with interests in Hyderabad have been big donors relative to their size.

Two real estate companies that built parks on the foreshore of lakes in Hyderabad and a dozen other smaller companies that bought electoral bonds gave it to the Bharat Rashtra Samithi ruling the State then. Data released by the Election Commission of India, and supplied by State Bank of India, shows that realty majors such as Aparna, Raheja, NSL-SEZ, Rajapushpa, My Home, Prestige and other groups donated crores to the ruling dispensation in the State at a time when their properties were in the news.  

Also Read: Electoral bonds full data | Complete list of donors, parties and unique numbers

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