Bombay's Real Estate Underworld: Shedding Light on Crime

 

The Dark Side of Real Estate: Crime in Bombay

Introduction

Real estate has been a major source of crime in India, particularly in Bombay. The Urban Land Ceiling Act has played a significant role in this by creating scarcity and high profits, leading to corruption and criminal activity.

The Role of Real Estate Agents and Developers

Real estate agents and developers have engaged in corrupt practices to remove people from their land and secure building permits. The high profits associated with constructing high-rise buildings have incentivized criminal activity.

Underground Economy and Gold Smuggling

Land and gold have been major drivers of the underground economy, with black money fueling criminal activities. The demand for gold in India and the lack of legal imports have created a thriving black market.

Dawood Ibrahim and Organized Crime

Dawood Ibrahim, a notorious underworld figure, made significant profits from real estate and gold smuggling. His organization provided protection for criminal activities and invested in films.

Fear and Insecurity as Commonalities Among Criminals

Criminals often exhibit a deep sense of insecurity and fear, leading them to perceive the world as hostile. They have an exaggerated sense of self, leading to beliefs of invulnerability.

Remorse and the Lack Thereof

Remorse is a rare trait among criminals. While some may express it for the sake of avoiding punishment, they often lack genuine empathy. The complexities of the human mind make it difficult to fully understand their motivations.

The Impact of Criminal Interviews

Interviewing criminals can be a harrowing experience, but it also sheds light on their perspectives. However, the fearlessness of the interviewer plays a role in facilitating transparency.

The Case of Dhirubhai Ambani

Dhirubhai Ambani, the founder of Reliance Industries, was a visionary who revolutionized the Indian economy. Despite his immense wealth, he remained a family man who valued tradition. He had a strong connection with the Gujarati middle class and made significant contributions to their prosperity.