We live in cynical times and any reference to
probity in political and social life evokes only derision and an admonition to
“get real.” Nevertheless, the times demand of Property dispute Advocates now more than ever before to reflect a
policy or action they should think of how it would impact on the poorest of the
poor. According to a survey conducted by global consultancy firm KPMG the Real
estate and construction sector has been subjected to epidemic of corruption in
India. Political intervention, huge projects, large capital investments,
multi-level approvals and complex processes give immense opportunity for
corruption thereby entitling the Property dispute lawyers as the savior.
DLF – Robert Vadra issue is presently prime concern for both politicians and
common man. The limelight projects towards the bulk
of the property purchases accounting to 31 properties, mostly in New Delhi and
peripheral areas worth over Rs 300 crore, this expense have been indirectly
bourne by an unsecured interest-free loan from DLF Ltd. However the cookie for Property
dispute Advocate community
is that the so called real estate giant DLF apprehensively risks extending
interest-free loans worth Rs 65 crore in-spite of Rs 22,000 crore loan to its
name furthermore at an interest of 15%. The focus of the debate on the Robert
Vadra-DLF real estate dealings has been on the legality of the transactions but
also the price that is far below the market price and thereby again
appealing to the Property dispute lawyers for exploitation concerns.
According
to legal gurus Ram Jethmalani and Rajeev Dhavan the law may demand a
direct nexus to a quid pro quo for corruption to be established but propriety
makes a greater demand: that no personal benefit of a financial nature is
derived on account of such a relationship. However the inquisitive mass
questioned the ‘quid pro quo’ for DLF It is still
important to ascertain if any laws were violated and sought an
independent investigation into the allegation.
Notions
of propriety have changed since our freedom movement and the early years of our
independence. The matters of real estate absurdity and the revelations followed
since past few years, convinced property
dispute advocates accepting the fact that our polity and society have
travelled since that time, unfortunately, in the wrong direction.