Tag Archives: Indian Muslims in Real Estate

Pervez Lakdawala honoured in British House for building houses for slum dwellers

Mumbai, MAHARASHTRA :

Parvez Suleman Lakdawala, founder CEO, Grace Group of Companies

Mumbai :

Mumbai-based real estate developer Parvez Suleman Lakdawala, who has played a significant role in building homes for slum dwellers, has received an Honorary Doctorate from the University of Sorbonne of France at the British Parliament for his extraordinary work in real estate and housing infrastructure particularly in slum redevelopment, over the last three decades.

He was given this award during the ‘Sorbonne International Convention’ held at the ‘House of Lords’ in London by the French higher education institution ‘Ecole Supérieure Robert de Sorbonne.’

Speaking about the honour, he said, “I never even dreamt that I would receive such an honour.”

This institution is known worldwide for granting degrees based on professional experience. Speaking after accepting the honorary degree, Lakdawala said, “This is a global success for the slum rehabilitation work I have done through SRA schemes. I have been in this business for 30 years and have completed the construction of 32 buildings so far.”

Parvez Lakdawala was born into poverty in a small hutment in Bandra when conditions in the slums were sub-human, and the residents had to struggle for basic amenities like water.

Parvez recalls that there was a filthy settlement outside his house, and the condition of the household was very poor. For children living in such conditions, even dreaming big was considered a crime.

However, Parvez never let his poverty weaken his resolve to rise above his circumstances.

Despite the fear of dropping out due to poverty, Parvez held onto his education. Studying while living in a slum, he completed his education. Not many know that Parvez Lakdawala, the successful businessman, is a law graduate.

The law gave him discipline in life and the knowledge to fight against injustice. He often says that he prospered in life only because of education.

In 1989, he laid the foundation of the Grace Group of Companies and started working in the real estate sector.

Sorbonne University campus

Around 1995, he worked for the Slum Rehabilitation Authority of Mumbai (SRA) to provide highly subsidized apartments to slum dwellers. At that time, not many builders were willing to work there. Today, he has completed projects of more than 32 grand buildings in Mumbai.

He gave a new face to the homes of the poor by implementing new designs, modern amenities, and innovative concepts.

Earning money was never his sole aim. Having experienced poverty, he empathized with the poor. That is how he bears the educational expenses of thousands of poor children. For parents who cannot afford to pay their children’s school or college fees, Parvez Lakdawala has become a ray of hope. “Allah has given to me so that I can give it back to society,” he says.

During the Corona lockdown, when the entire country was under the shadow of fear, Parvez Lakdawala was working in the streets.

Thousands of labourers with their small children were walking towards their villages. Parvez arranged for vehicles and buses for them. He transported more than 3000 people to their homes.

He also ensured the travelers got food and water. For this work, he received appreciation not only from Mumbai but also from states like Rajasthan.

In a city like Mumbai, where even dreaming of a home is a luxury, Parvez Lakdawala has helped thousands of families get their rightful homes. His journey builds buildings worth crores today, starting from a 250-square-foot house.

The most important aspect of Parvez Lakdawala’s work is the self-respect he has given to the common man. Recalling old memories, he says, “Earlier, people living in slums used to feel ashamed about their address. They regretted their living conditions. Today, when the same people enter flats equipped with all amenities, they proudly disclose their address to others. Giving them the property they deserve and a sense of security gives me the most joy.”

Parvez Lakdawala’s mantra is: Your intention is more important than your destiny. If your intention is good, God comes to your aid and grants you success.

source: http://www.awazthevoice.in / Awaz, The Voice / Home> Stories / by ATV / posted by Aasha Khosa / January 09th, 2026

Cong MLC candidate declares Rs 1,744 crore assets, becomes Karnataka’s richest politician

KGF / Bengaluru, KARNATAKA :

He is the owner of a Rolls Royce worth Rs 2.01 crore and two Fortuners worth Rs 49 lakh each

Cong MLC Bengaluru candidate Yusuf Sharif declares Rs 1,743 crore assets, becomes richest politician of Karnataka. Credit: IANS

Congress’ Legislative Council election candidate Yusuf Sharif has declared assets worth Rs 1,744 crore belonging to him and his family in what is, literally, a rags-to-riches story making him arguably Karnataka’s richest politician.  

A native of Kolar Gold Fields (KGF), Sharif also goes by the monikers Gujri Babu and Scrap Babu as he was earlier into the business of selling scrap, before making a foray into real estate. 

Shariff, 54, a resident of Millers Tank Bund Road, is the Congress’ candidate from the Bengaluru local authorities’ seat in the Legislative Council, for which election is scheduled on December 10. Few in the party knew about his candidature until it was made official. 

According to his election affidavit, Sharif has two wives and five children. They have assets worth Rs 1,744 crore of which Sharif alone owns land currently valued at Rs 1,640 crore, non-agricultural. 

Sharif’s declared assets are worth more than Karnataka Congress president DK Shivakumar’s (Rs 840 crore in 2018) and BJP MLC MTB Nagaraj’s (Rs 880 crore in 2020). 

Sharif, who has studied up to Class 5, is said to be the owner of Umrah Developers, a realty firm. He also has stakes in five other private real estate companies. 

With 12 bank accounts, Sharif has declared liabilities worth Rs 67 crore. 

According to his own declaration, Sharif was raided by Income Tax authorities and levied on him tax dues worth Rs 13.43 crore. “…I have preferred an appeal before the Commissioner of Income Tax and same is admitted. The hearing of the case is yet to be done,” he stated. 

Also, Sharif has four criminal cases pending against him under various IPC sections. 

He is the owner of a Rolls Royce worth Rs 2.01 crore and two Fortuners worth Rs 49 lakh each.

How did he get so rich? “That’s a question I will answer to the I-T officials if they ask me,” Sharif told DH.  

According to one Congress MLA from Bengaluru, Sharif is not an active party man. “In fact, we were surprised that the party chose him for the Legislative Council election,” the MLA said, adding that Sharif was picked by Karnataka Congress president DK Shivakumar and senior leader Ramalinga Reddy. 

According to party sources, Sharif had bagged a scrap contract with the Indian Railways when CK Jaffer Sharief was the Railways Minister. 

source: http://www.deccanherald.com / Deccan Herald / Home> National / by Bharath Joshi, DHNS / Benglauru / November 24th, 2021