Af­ter protest call against Cidco, some builders get cau­tious

Hindustan Times ST (Mumbai) - HT Navi Mumbai Live - - HT NAVI MUMBAI - G Mo­hi­ud­din Jeddy ht­for­nav­i­mum­bai@hin­dus­tan­times.com

CBD BELAPUR: Even as a num­ber of de­vel­op­ers have gone on record blam­ing the City and In­dus­trial De­vel­op­ment Cor­po­ra­tion (Cidco) for the sui­cide of builder Raj Kand­hari, a sec­tion of de­vel­op­ers have de­cided to take a cau­tious approach on the is­sue.

Af­ter Kand­hari, 44, di­rec­tor of Swaraj Builders and De­vel­op­ers Group, shot him­self on Mon­day and suc­cumbed to his in­juries on Tues­day, the de­vel­op­ers had blamed Cidco.

The po­lice had said he was go­ing through fi­nan­cial loses but probe is on.

Al­leg­ing de­lays in clear­ances of their pro­jects, they sported black bands at Kand­hari’s fu­neral and said they would stage mas­sive mor­cha to Cidco of­fice.

Ashok Ch­ha­jer, CMD of Ari­hant Su­per­struc­tures Ltd, had said: “Kand­hari had been very upset about not get­ting clear­ance for his NAINA re­gion project for the past three years. He said he was tired of re­pay­ing the loans taken and the in­ter­est. The in­vestors were also de­mand­ing their money back and the buy­ers too were af­ter him.”

A day later, some builders are cau­tious about what step to take as po­lice in­ves­ti­ga­tion is on.

A de­vel­oper said on Thurs­day, “Sev­eral is­sues re­lated to the sui­cide are com­ing to the fore. Most im­por­tantly, we have learnt that Kand­hari had in­dulged in over­trad­ing which led to a huge fi­nan­cial bur­den on him. That could have trig­gered the ex­treme step.”

He added, “Some per­sonal is­sues too have cropped up. All sorts of al­le­ga­tions are also be­ing made against him.”

The de­vel­oper said, “In such a sce­nario, blam­ing Cidco for the sui­cide does not make much sense. It is not as if there is any sui­cide note left by him which im­pli­cates Cidco of­fi­cials.”

A top of­fice-bearer of a de­vel­op­ers’ or­gan­i­sa­tion said: “We need to wait and un­der­stand what re­ally led to the sui­cide. The po­lice are in­ves­ti­gat­ing the mat­ter and a lot of things are com­ing to the fore. We will not rush into blam­ing any­one.”

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