Parag Shah, the Bharatiya Janata Party (BJP) candidate from Maharashtra’s Ghatkopar East constituency, has emerged as the richest candidate in the upcoming state assembly elections, with declared assets worth over ₹3,300 crore ¹. His wealth has seen a staggering 575% increase over the past five years, with movable assets valued at ₹3,315.52 crore and immovable assets at ₹67.53 crore.
A real estate magnate before joining politics, Shah founded Man Infraconstruction Ltd in 2002 and was elected as a municipal councillor from Ghatkopar East on a BJP ticket in 2017. He won his maiden assembly election in 2019 by a margin of over 53,000 votes. Despite the BJP’s dominance in the constituency since 1990, issues like illegal encroachments and poor infrastructure remain unchanged.
[news_related_post]Shah is expected to face tough competition from NCP (SP) candidate Rakhee Jadhav, who alleges that the BJP has exploited the people of the constituency without delivering real development. Jadhav vows to bring genuine development and address traffic issues in the ward. The constituency’s diverse population, with a significant Gujarati-speaking population and around 1 lakh Marathi speakers, will be a key factor in the election outcome ¹.
