Badals destroyed real estate business in Punjab for personal interests
Former Chief Minister and Senior Congress leader Capt Amarinder Singh today held the Badal family, including the Deputy Chief Minister Sukhbir Singh Badal and his brother-in-law Bikram Singh Majithia, responsible for ruining the real estate business in Punjab for their personal interests.
Talking to a delegation of the property and real estate dealers led by its president Sanjeev Rampal at the Congress Election Office here , Capt Amarinder agreed with them that the state government, particularly Majithia, was squarely responsible for their plight.
The property and real estate dealers told him that their investments had been blocked and the value of their properties was getting depreciated instead of getting appreciated. They said, many of them were forced to go for distress sales and even then they were not able to make up their losses.
He said, this election will mark the beginning of the end for the Akali regime and hoped that they are able to see the writing on the wall. He said, the Badals and Majithia were deliberately destroying the real estate market so that the owners go for distress sale and they (Badals and Majithia) are able to buy costly properties at cheap prices and sell these later on exorbitant prices.
He promised to get the matter investigated thoroughly and urged the property and real estate dealers not to succumb to the bullying and pressure tactics of Badals and Majithia.
(Posted on 09-04-2014)