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What made DLF so 'generous'?

The controversy surrounding the surge in the value of assets owned by Robert Vadra, the son-in-law of Congress president Sonia Gandhi gives backbone to the already-popular perception among the common populace that politics is possibly the best business to be in. The benefits are immense and quick, and there is practically little or no scrutiny of how you managed to acquire those assets in the first place.

Therefore, Vadra could go around creating wealth amounting to Rs 300 crore or more in a span of just five years from promoter funds of just Rs 50 lakh in 2007-08. If it were any other individual, perhaps the Income Tax department, the government’s best weapon against political and other opposition, would have sprung into action and scrutinised Vadra’s accounts. But not so for the “nation’s son-in-law”.

One may or may not agree with anti-corruption activist Arvind Kejriwal’s methods to change the country’s polity or his over-the-top statements at time, but he does seem to have an overdose of one thing — the courage to take on the high and the mighty. So much so that Vadra, who has alleged that all the figures quoted by Kejriwal and Supreme Court lawyer Prashant Bhushan are false, hasn’t taken either of them to court for defamation.

Perhaps Vadra believes that suing the duo for defamation would only help bring the focus on his wealth. Technically, though, there is nothing illegal in his wealth formation. Yet, the ease with which he got interest-free loans, would make anybody wonder what made real estate giant DLF to advance those to a “regular businessman”.

Considering that the real estate industry itself has seen a massive downturn in the last few years, it begs the question as to what made DLF become so generous, especially since it made no attempt to reduce the prices of its flats to exhibit its big-heartedness to other individuals.

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