Multi-Crore ‘Land Jihad’ unearthed

Lawyer reclaims grabbed properties, exposes administrative lapses Advocate Sanjeev Deshpande Mumbai: In Bhusaval, a glaring example of what is being termed ‘Land Jihad’ has recently been brought to light, exposing a systematic grab of prime real estate worth hundreds of crores. At the center of this revelation is a hard-fought legal victory that successfully vacated ill-intentioned occupants from a plush property, prompting urgent calls for the administration to remain vigilant against...

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Lawyer reclaims grabbed properties, exposes administrative lapses Advocate Sanjeev Deshpande Mumbai: In Bhusaval, a glaring example of what is being termed ‘Land Jihad’ has recently been brought to light, exposing a systematic grab of prime real estate worth hundreds of crores. At the center of this revelation is a hard-fought legal victory that successfully vacated ill-intentioned occupants from a plush property, prompting urgent calls for the administration to remain vigilant against fraudulent land acquisitions. The catalyst for uncovering this massive scam was a protracted legal battle fought by the Central Cine Circuit Association (CCCA), an organisation comprising over 800 film distributors across Maharashtra, Madhya Pradesh, Chhattisgarh, and Rajasthan. Seeking a headquarters and guest house for their traveling members, the CCCA purchased a sprawling 5,000-square-foot bungalow in a prime locality in Bhusaval from a senior Parsi individual residing in Mumbai. Although the sale deed was executed in 1993, the notice of ownership change inexplicably failed to reach or was ignored by the local city survey office. This administrative blind spot lay dormant until 2024, when the family of one Afzal Kalu Gawali forcibly entered the premises and took illegal possession of the property. Physical Muscle Lacking the physical muscle to evict the encroachers, the CCCA was forced into an agonising two-year legal marathon spearheaded by Advocate Sanjeev Deshpande. The fight demanded navigating a labyrinth of government offices, from the Sub-Divisional Magistrate (SDM) and Bhusaval Sessions Court to the revenue tribunal, the High Court, and even Mantralaya. The process involved digging through decades-old records, exposing forged documents, and pleading with officials to rectify the injustice. The persistence finally paid off when the SDM ruled in favor of the CCCA on April 9, 2026. When the illegal occupants still refused to leave, police intervention was secured to forcibly vacate the premises, allowing CCCA employees to finally re-enter their headquarters on April 16 after a gap of nearly two years, said Sanjay Surana, president of CCCA. Fight Continues For Deshpande, the fight is far from over. During his exhaustive hunt for documents, he uncovered a deeply disturbing and systematic pattern of land grabbing operating in the region. The conmen utilised a calculated modus operandi. They tactfully acquired a power of attorney from the descendants of the original Parsi owners and forged purchase documents. Shockingly, the paperwork claimed that the CCCA bungalow, currently valued at around Rs 5 crore, was purchased by daily wage earners for a mere Rs 6 lakh. Deshpande discovered that this same syndicate had successfully encroached upon other highly valuable plots, including a six-acre cemetery (Aramgah) belonging to the Parsi Anjuman Fund and a significant parcel of land owned by the Masonic Lodge, an international religious institute. In total, the collective value of these illegally grabbed properties is estimated to easily surpass Rs 300 crore. The Masonic Lodge property is back to rightful owners after a battle at the High Court. But, for the Aramgah property, still much needs to be done, he said. This staggering real estate heist points to a severe breakdown in administrative oversight. Deshpande strongly emphasises that if the office of the Sub-Registrar at Bhusaval had conducted even a preliminary inquiry or verified the glaringly disproportionate financial details of these transactions, the fraudulent nature of the sales would have been immediately apparent.

India bears the brunt: Nifty crashes 1,100, Sensex nosedives 3,900 points after US trade shock

Correspondent
Apr 7, 2025
2 min read

India woke up to a financial jolt this morning as its equity markets suffered their steepest fall in nearly a year, shaken by the ripple effects of US President Donald Trump’s aggressive new tariff regime. The Sensex plunged over 3,900 points at opening bell, while the Nifty tumbled more than 1,100 points, dragging Indian stocks to a 10-month low.

This sharp decline follows a global equity rout triggered by Trump's protectionist measures, which have sent panic waves across Asia and raised the spectre of a global recession. Investors dumped shares in a massive sell-off, with Indian benchmarks reacting sharply in early trade. The Sensex dropped to 71,425.01 — down 3,939.68 points — while Nifty slipped to 21,743.65, marking a 3.5% slide from the last session.

Adding to the pressure, the Indian rupee depreciated 30 paise to open at 85.74 against the US dollar.

India Among the Hardest Hit

Trump’s latest tariff hike — framed as a push to restore fairness to global trade — has imposed country-specific duties that go as high as 50%. India has been slapped with a 26% tariff, while a 10% baseline duty applies to all nations. This has set alarm bells ringing among Indian exporters and traders already struggling with global demand volatility.

President Trump, unfazed by the financial carnage, likened the move to a bitter but necessary cure. “Sometimes you need the medicine to fix something,” he told reporters earlier today.

Analysts Urge Economic Safeguards

Market experts believe that India's current market turmoil isn't rooted in domestic issues but is rather a consequence of being tightly woven into global investment flows.

“India will face the heat, not due to domestic reasons, but as an interlinked chain in the global portfolio flows,” said Ajay Bagga, a noted market expert. “India will need a fiscal, monetary, and reform package to protect the domestic economy from this global economic winter that is threatening to settle in.”

Sunil Gurjar, SEBI-registered research analyst, warned that the Nifty50 index has breached its first support level and is approaching the next. "A further breakdown could worsen the trend and accelerate the fall," he cautioned.

Asian Markets Bleed

The tremors from Trump's announcement were first felt in Asia, with key markets suffering steep losses. China's stock markets fell over 4% amid retaliatory tariffs of 34% against the US. Hong Kong's Hang Seng nosedived more than 10%, while Japan’s Nikkei index fell 6.5% after plunging 8% earlier in the day. Taiwan saw a near-10% collapse, and Singapore dropped over 8%.

Wall Street Braces for Impact

US markets, though yet to open, appear set for a rough start. Futures contracts on the New York Stock Exchange are sharply down, suggesting heavy losses once trading resumes.

Market sentiment globally has turned bearish, with fears of a looming recession taking hold. Stephen Innes of SPI Asset Management described the scene as “free-fall mode,” noting, “Trump’s team isn’t blinking. The tariffs are being treated as a victory lap, not a bargaining chip.”