Behind Robert Vadra’s real estate empire – Geeta Anand & Rajesh Roy

Gandhi Clan: Robert Vadra is in the black vest.

WSJ LogoThe Wall Street Journal found that during the decade Mr. Vadra’s in-laws have held sway in New Delhi, the 44-year-old with a high-school education and no experience in property development amassed a large real-estate portfolio. Based on a review of company filings, land records and interviews with property experts, the Journal calculated that through 2012, Mr. Vadra sold more than $12 million of property, and as of then he still held real estate valued at about $42 million. It isn’t clear whether Mr. Vadra’s companies have sold any more real estate since then because company filings for the past two years aren’t available on government websites.” – Geeta Anand & Rajesh Roy

Robert Vadra's Real Estate EmpireA taciturn man in a black SUV started buying up tracts of arid agricultural land around this small town in the western Indian state of Rajasthan in 2009.

He would sit in the parking lot outside the one-story concrete building that houses the land office and dole out cash for sellers from the back seat, according to real-estate brokers and a local government land official.

The buyer represented by the man in the SUV, according to state land records, was Robert Vadra, a member of India’s powerful Nehru-Gandhi political clan, whose Congress party leads the country today and has for much of its more-than-66-year post-colonial history.

Soon after he began buying, the federal government announced plans to promote large-scale solar-energy production, a land-intensive project for which the area was well-suited. He continued buying land, and in 2011 the state, too, announced solar incentives. The value of the land Mr. Vadra bought soared sixfold within three years, a state record of land transactions shows.

State officials say they are investigating whether there were any legal violations, such as exceeding land-purchase limits, in the investments by Mr. Vadra, who is the son-in-law of Congress party President Sonia Gandhi and brother-in-law of Rahul Gandhi, the leader of Congress’s campaign in elections now under way.

A spokesman for Mr. Vadra said he is a private citizen who has been subjected to a campaign to malign him for political reasons. “He has acquired and disposed of real estate in exercise of his rights and has obtained no favor or benefit from anyone,” the spokesman said. “He has complied with all applicable provisions of law and has nothing further to say.”

As Indians go to the polls in a weeks-long parliamentary election, a powerful force is resentment by many over the ease with which politicians of most parties, bureaucrats and people close to them have prospered while the country struggles to meet the basic needs of the masses. A growing belief that the economic playing field is tilted too far in favor of those with political connections is helping drive a voter revolt against the ruling Congress party and fueling a surge in support for its main rival, the Hindu nationalist Bharatiya Janata Party, or BJP.

A Pew Research survey found that 83% of Indians consider corruption a “very big” problem. The subject of corruption is repeatedly discussed on television talk shows and in political speeches. India has endured a stream of abuse-of-power scandals during Congress’s 10 years in office, on matters ranging from jobs at the state railway to coal-mining licenses, helicopter purchasing and cellphone bandwidth.

“Never in my lifetime have I seen the kind of cynicism that the current government in Delhi has generated among the middle classes,” said Jyotirmaya Sharma, a University of Hyderabad political scientist. “It’s phenomenal.” 

Congress party leaders have acknowledged the voter outcry and said they are doing their best to combat the problem.

As India has urbanized, real-estate investing has become a route to quick wealth for some. People with connections or inside knowledge can position themselves to profit as property changes hands, including by helping speed approvals through a bureaucracy notoriously arbitrary and slow to act.

“A section of India has become prosperous, unimaginably rich,” said Sudheendra Kulkarni, a onetime adviser to former Prime Minister Atal Bihari Vajpayee of the BJP who runs a think tank and is critical of politicians across the spectrum.

It is hard to know how much property people really own. The wealthy and politically connected in India sometimes hold large amounts in the names of others—from servants to shell companies—to avoid tax officials and corruption investigators, said R.H. Tahiliani, former chairman of the India chapter of Transparency International, the global anticorruption group.

No legal authority has accused Mr. Vadra of any wrongdoing. An investigative committee appointed by the state of Haryana’s Congress-led government reviewed one transaction questioned by a land official in 2012 and cleared Mr. Vadra. The Congress party said that Mr. Vadra is a private citizen engaged in business and hasn’t done anything wrong.

India Against Corruption, an activist group, has criticized some of Mr. Vadra’s deals and accused him of enriching himself through transactions with a property developer. The group has called for a new probe of his business that it says would be more politically independent than the one begun in 2012.

 See the Ekaki Zunj wiki for Robert Vadra

The Wall Street Journal found that during the decade Mr. Vadra’s in-laws have held sway in New Delhi, the 44-year-old with a high-school education and no experience in property development amassed a large real-estate portfolio. Based on a review of company filings, land records and interviews with property experts, the Journal calculated that through 2012, Mr. Vadra sold more than $12 million of property, and as of then he still held real estate valued at about $42 million. It isn’t clear whether Mr. Vadra’s companies have sold any more real estate since then because company filings for the past two years aren’t available on government websites.

Mr. Vadra married into India’s political nobility in 1997 when he wed Priyanka Gandhi, a daughter of Sonia Gandhi and the late Rajiv Gandhi, prime minister from 1984 to 1989. Priyanka Gandhi’s great-grandfather was independence leader Jawaharlal Nehru, India’s first prime minister. Her grandmother, Indira Gandhi, served as prime minister for 15 years in two stints.

When Congress, with Sonia Gandhi at the helm, retook power from the BJP in 2004, Mr. Vadra was running a small business exporting inexpensive costume jewelry. In late 2007 he went into the real-estate business, forming a firm called Sky Light Hospitality Private Ltd. with less than $2,000, according to company filings at the Registrar of Companies of the Ministry of Corporate Affairs in New Delhi.

Early in 2008, Sky Light bought 3.5 acres of undeveloped land near a highway intersection in the New Delhi suburb of Gurgaon for $1.3 million, according to a sales document. Two months later, Mr. Vadra applied to the Congress-controlled state government for a license to convert the land to commercial use from agricultural. Preliminary permission was granted 18 days later, according to the license application and state approval. With that, the land became far more valuable.

Over the next four years, developer DLF Ltd. poured millions of dollars into Mr. Vadra’s company, reported on its balance sheet as “advances.” Then in 2012, DLF said it bought the Gurgaon property from Mr. Vadra’s company for a total of $9.7 million, most of which it had advanced in the preceding years. It was more than seven times his reported purchase price.

Ashok KhemkaA senior official at the Haryana state land office, Ashok Khemka, looked into the deal and concluded Mr. Vadra’s company “did not own the resources to pay” for the land when purchasing it in 2008. Suspecting irregularities, he moved to cancel the deal.

The state’s chief minister, a Congress party politician, ordered Mr. Khemka transferred to a position in a state-run agricultural company. The chief minister and his staff didn’t respond to requests for comment. Mr. Khemka, a whistleblower in a number of past allegations of corruption, said he has been transferred numerous times in his 22-year civil-service career to foil his gadfly efforts.

According to government filings,  said it paid for the land in 2008 with a loan from state-owned Corporation Bank. In 2012, the bank’s then-chairman was quoted by the Times of India as saying there “was no such transaction with us as per our records so far.” That official has left the bank and couldn’t be reached; the new bank chairman declined to comment.

In a report to the state last year, Mr. Khemka wrote that the 2008 sale of the land to Mr. Vadra’s company “was a completely sham transaction.” The state-appointed investigative committee looked at the deal and concluded Mr. Vadra did nothing wrong. Congress’s political opponents expressed skepticism about the result on the grounds that committee members were state employees subject to transfer or discipline.

Mr. Vadra’s Sky Light Hospitality did other deals in New Delhi and the nearby states of Haryana and Rajasthan. In 2008-09, it paid $5.3 million for a 50% interest in a hotel being built by DLF in New Delhi, a hotel valued at $33 million in 2012, according to a DLF calculation that year.

Another company controlled by Mr. Vadra, , acquired a penthouse apartment—estimated by brokers to now be worth $5 million—in a complex DLF built in Gurgaon called the Aralias.

That same Vadra company reported in its government filings for fiscal 2009 and 2010 that it bought seven apartments in a luxury complex built by DLF for $870,000.

They were worth close to $6 million at the time, real-estate brokers said. India Against Corruption, a grass-roots movement that has spawned an anticorruption political party called the Aam Admi Party, alleged that the transactions amounted to a ploy for DLF to give the Gandhi family property and money to curry favor. Congress party officials have repeatedly denied the allegation. Rahul Gandhi didn’t respond to requests for comment, and a person in his office said he was too busy campaigning to respond.

DLF said Mr. Vadra’s group actually paid much more than $870,000—it said the actual price was about $166 a square foot, which would add up to about $7 million. Today, the seven apartments are worth more than $16 million, real-estate brokers said.

Asked for comment, DLF cited a response it made to the anticorruption group, which said in part: “The business relationship of DLF with Mr. Robert Vadra or his companies has been in his capacity as an individual entrepreneur, on a completely transparent and at an arm’s length basis. Our business relationship has been conducted to the highest standards of ethics and transparency.”

Mr. Vadra’s land purchases in Rajasthan state—some of which brokers say were done through the man in the black SUV—began in 2009, at a time when Congress controlled the state’s government. Both the state and India’s federal governments had just begun discussing policies to promote solar energy, which requires large tracts of land for solar-panel arrays, a senior official involved in developing the Rajasthan policy said.

From 2009 to 2012, Mr. Vadra’s companies bought about 2,000 acres in Rajasthan for about $1 million, according to a Journal review of land-office records compiled by the Kolayat land office in Rajasthan state. Much of this property was in the state’s northwestern corridor, long regarded by energy experts as a good place for solar-power arrays because of its ample sunshine and relatively cheap land.

In one purchase registered in the land-office books, Mr. Vadra bought 94 acres for $70,000 in January of 2010.

A week later, the federal government unveiled plans to offer extensive tax incentives for solar-power investment. The state followed with more incentives the next year.

“Once our area became a solar-power center, we discovered Mr. Vadra had bought up all of our land cheaply from the farmers,” said Arjun Ram Meghwal, a member of parliament from the rival BJP.

As solar firms moved in, the land’s value jumped. A property sale by Mr. Vadra’s Sky Light Hospitality in January 2012 included most of the 94-acre plot bought in 2010. The sale priced it at 10 times the per-acre purchase price, the Kolayat land office summary of his transactions shows.

In all, Mr. Vadra has sold more than 700 Rajasthan acres, about a third of his holdings in the state, for $2.7 million, according to the summary. That is nearly three times his purchase price for his entire Rajasthan holding, of which his firms still own about 1,200 acres. Their value is more than $4 million, according to a local land official and local brokers.

The Last Word!Land records show Mr. Vadra was represented locally by Mahesh Nagar, who has also represented the Congress party’s Mr. Gandhi on at least one occasion.

Mr. Nagar, who is the brother of a Congress party politician, said he didn’t personally know either Mr. Vadra or Mr. Gandhi. Interviewed in his office decorated with pictures of Mr. Gandhi, Sonia Gandhi and Priyanka Gandhi Vadra, Mr. Nagar said he had been approached by a “facilitator” who gave him authority letters to get lands registered for Messrs. Vadra and Gandhi.

It was Mr. Nagar, said real-estate brokers and a local land official, who handed out money for land sellers from inside a black SUV when Mr. Vadra began acquiring property in Rajasthan. Brokers took turns entering the vehicle, receiving payment for property sellers from Mr. Nagar, and signing documents that local land officials registered within hours, brokers and the land official said.

Mr. Nagar agreed he handled land purchases and sales for Mr. Vadra for several years but said he didn’t recall using a black SUV, doing deals in cash or getting documents registered faster than the general public.

Locals say they will never forget those exciting times. “How much land he bought, you can’t imagine,” said Lalit Ramavat, a local land dealer. “We didn’t imagine in our dreams that our land would become so valuable.” Mr. Ramavat said he considers Mr. Vadra’s interest in his area’s land a boon for “farmers who were very poor and needed money.”

Word of Mr. Vadra’s land deals in Rajasthan has been circulating in the local media for about two years. After the opposition BJP won control of the state government from Congress in December, it ordered an investigation to determine how much land Mr. Vadra had bought and whether he had violated any local land laws, such as a limit on how much land one person or entity can own.

The new BJP administration directed the land office in Kolayat to pull together records of all transactions in the area involving Mr. Vadra. State officials are reviewing them, said a member of the chief minister’s cabinet.

Addressing his representation of Mr. Vadra in land deals, Mr. Nagar said, “Who is not dealing in property and land buying?”

He added: “People are targeting Vadra only because he is the son-in-law of Congress chief Sonia Gandhi.” – The Wall Street Journal, 17 April 2014. Saptarishi Dutta contributed to this article.

Mahesh Nagar (R)

The mystery man who buys land for the Gandhi family – Geeta Anand  & Rajesh Roy

Who is Mahesh Nagar? It depends who you ask.

Mr. Nagar’s name appears on land office documents as the facilitator for land deals for India’s politically powerful Gandhi family.

Over four years, from 2009 to 2012, Mr. Nagar bought and sold tracts of land in Rajasthan on behalf of Robert Vadra, the 44-year-old husband of Priyanka Gandhi, whose brother, Rahul Gandhi, is spearheading the Congress party’s re-election efforts in national parliamentary elections that began April 7 and end next month.

Mr. Nagar has also bought land in Haryana on behalf of Mr. Gandhi in 2008.

In Rajasthan, the brokers who sold land to Mr. Nagar say they don’t have his contact information. In his home state of Haryana, next door to Delhi, officials at the land revenue office where he facilitated the purchase of land for Mr. Gandhi say they don’t have any information on Mr. Nagar either. Even his own brother, reached by phone, professes ignorance about where he is.

“Sorry, I don’t know his whereabouts,” said the brother, , a Congress party politician who ran and lost a bid for a seat in the Haryana state legislature in 2009 in Faridabad, a city near New Delhi.

But when a reporter showed up in Faridabad that same day, it was hard to find anyone who didn’t know Mahesh Nagar — and where to find him. A giant campaign poster in a marketplace near a local hospital featured Mr. Nagar, along with his brother, Lalit Nagar, and the leaders of the Congress party nationally — Mr. Gandhi and his mother, Congress party President Sonia Gandhi.

In an air-conditioned office in the same marketplace, Mr. Nagar, wearing a white shirt, lounged in a big leather chair, the walls decorated with pictures of Mr. Gandhi, Mrs. Gandhi and Mr. Vadra’s wife, Priyanka Gandhi.

Mr. Nagar and his brother live less than a kilometer away in a sprawling bungalow that bears both of their names on a sign out front.

Asked why he’s so elusive, Mr. Nagar smiles and asks, “Are you the reporter who called my brother this morning? I was there only when he was speaking to you.”

Rahul, Robert, Priyanka & Sonia GandhiIn the interview with the Wall Street Journal, he tried to distance himself from the Gandhi family, saying he’s never met them.

“Yes, I got some of the land registered for them,” he says. “But I don’t know the Gandhi family directly.”

Land records show Mr. Nagar bought 6.4 acres of land for Mr. Gandhi in Haryana’s Hassanpur village in 2008. Then, in 2009, Mr. Nagar began showing up in the northwestern part of Rajasthan, buying nearly 2,000 acres of barren land on behalf of seven of Mr. Vadra’s companies over the next three years. He paid about 64,000,000 rupees, or about $1 million, for the land, according to a Wall Street Journal analysis of a summary of Mr. Vadra’s land deals that Kolayat land officials put together for a state investigation into his holdings.

Asked to explain Mr. Vadra’s land dealings, a spokesman said in an email that Mr. Vadra was a private citizen who had acquired real estate but “obtained no favor or benefit from anyone.” He had complied with the law and was unfairly being “subjected to a campaign to malign him for political reasons.”

In 2010 and 2011, the central and Rajasthan governments adopted tax incentives for the solar industry, which drew companies to the Bikaner area, which has among the highest irradiation levels in India. Land prices soared. Mr. Nagar, who bought Mr. Vadra’s land at an average price of 33,000 rupees, or $550, an acre, began selling the land less than three years later at more than six times that price, or an average per acre price of 220,000 rupees, about $3,700, according to the Journal’s review of the Kolayat land district office summary.

Local brokers and a local land official recall Mr. Nagar showing up frequently over the years in a black SUV, parking all day outside the Kolayat land office, and making deals in his vehicle. Brokers say they would enter the SUV to sign documents selling the land to Mr. Vadra’s companies.  Mr. Nagar would hand them payments in cash, the brokers say.

Asked how he came to be buying land for Gandhi family members, Mr. Nagar said somebody from Gurgaon, a growing suburb of Delhi, asked him to buy the land and gave him letters of authority to facilitate the land deals. He declined to identify the person.

Mr. Nagar said his buying for the Gandhi family is “all over now,” and that he’s no longer making purchases or sales for either Mr. Vadra or Mr. Gandhi. He said he doesn’t recall using a black SUV or paying in cash for land. Mr. Nagar declined to say what car he used in Rajasthan or how he did pay for the land. He said he got no special treatment by the land office.

Despite the Gandhi family photographs on the walls and poster of himself with Congress Party leadership outside his office, Mr. Nagar said in the interview that he didn’t have any political affiliation.

He said he was a farmer growing flowers, wheat and paddy, showing a reporter a business card bearing his name and academic credentials—a master’s degree in the arts and a law degree. However, the card was also imprinted with the symbol of the Congress Party, a hand. – The Wall Street Journal, 18 April 2014


Robert Vadra Companies Documents↓

2 Responses

  1. BJP Press Conference on #DamaadGate

    #DamaadGate: Expose on land deals of Damaad Shree


  2. Robert Vadra

    New evidence links DLF with Robert Vadra – Sandhya Jain – Niti Central – 14 April 2014

    A humble email id,, has nailed a direct connection between Congress president Sonia Gandhi’s son-in-law Robert Vadra and the real estate giant, DLF. This is the common email id furnished by all DLF Group Directors to the Registrar of Companies (RoC).

    In this case, it has been given by one Amit Mehta, an executive of the DLF, in his capacity as non-executive director (Director Identification Number 03105957) of Greenwave Agro Private Limited, a new company of which Robert Vadra (DIN no. 01840634) is the Managing Director and Promoter. His email id is

    This information may clear the mystery behind the Union Ministry of Urban Development permitting change in land use of a prime 23 acre property with a market worth of over Rs 20,000 crore, from dairy farm to permitting the DLF Group to build a four-storey residential complex in the vicinity of Rashtrapati Bhavan. The DLF reportedly purchased the plot at a throwaway price of Rs 65 crore and got the permission to build on the same despite stiff opposition from the Intelligence Bureau, the Union Home Ministry, and Rashtrapati Bhawan. The IB said the building would obstruct the flight path of the proposed helipad on the President’s Estate. The President’s staff also objected that it could make the First Citizen or his VIP guests vulnerable to a sniper attack.

    As these objections were brushed aside, it was widely felt this was on account of the group’s proximity with Congress president Sonia Gandhi’s son-in-law Robert Vadra.

    Greenwave Agro Private Limited is one of six new companies registered by Robert Vadra between June and August 2012, in his capacity as Managing Director. The five others are Lifeline Agrotech Private Limited; Rightline Agriculture Private Limited; Future Infra Agro Private Limited; Best Seasons Agro Private Limited; and Primetime Agro Private Limited.

    Six previous companies registered by Robert Vadra, as Director, include Sky Light Hospitality Private Limited; Blue Breeze Trading Private Limited; Sky Light Realty Private Limited; Real Earth Estates Private Limited; North India IT Parks Private Limited; and Lambodar Art Enterprises India Private Limited. All 12 firms have Active status as per the Ministry of Corporate Affairs, Government of India.

    Robert Vadra’s mother, Maureen Vadra, is listed as a Director in six of his companies, and as Additional Director in two. Amit Mehta is listed as a Director in seven companies, which include five of Robert Vadra, viz., Greenwave Agro Private Limited; Rightline Agriculture Private Limited; Future Infra Agro Private Limited; Best Seasons Agro Private Limited; and Primetime Agro Private Limited. His status is Active (Ministry of Corporate Affairs, Government of India).

    Priyanka Gandhi Vadra is listed as a Director, with Active status, in her husband’s company Blue Breeze Trading Private Limited, incorporated in November 2007. However, she is said to have resigned as per information with the RoC.

    Since Robert Vadra’s new firms were incorporated around the time of the scam involving de-classification of the Keventer Dairy Ltd lands for residential use in the vicinity of Rashtrapati Bhavan, BJP leader Subramanian Swamy has urged President Pranab Mukherjee to call for a probe by the Central Vigilance Commission into the affair.

    The change in land use was not possible without political influence as it breached national security and gave windfall profits to the realty major. Sources point out that Robert Vadra has been engaged in hectic and often dubious land transactions, and that since March 2011, at least five of his companies have engaged in money transfers and huge investments with the DLF Group, which companies were floated in 2007-08 period, as reported in the media. In the six companies registered by him in this period, his mother Maureen Vadra is also Director. His wife Priyanka Gandhi was a Director in Blue Breeze Trading Private Limited but is said to have resigned on sensing a problem; she was also a Director in Backops Services Ltd, a company promoted by Rahul Gandhi, which has since been closed. These developments are recorded with the Registrar of Companies Delhi, though the Ministry of Corporate Affairs continues to list her status as Active vis-à-vis Blue Breeze Trading Private Limited.

    Astonishingly, Priyanka Vadra has been allotted three DIN numbers – 01038703, 01840144 and 02914391 – which is a violation of the Company Act and the Income Tax Act. Maureen Vadra too has been allotted two DIN numbers – 01840680 and 01839769.

    The first six companies headed by Robert Vadra have not filed any balance sheet or annual accounts after March 31, 2011. The reason, according to Subramanian Swamy, is that he stopped after these companies come under public scrutiny in March 2011. As a result, the public only knows of his transactions with DLF up to 2010, which included massive land acquisitions with the DLF Group in Haryana and Rajasthan.

    Then, in 2012, Robert Vadra floated another set of six companies to handle operations for the DLF Group (mentioned above), using the same address, viz., 268, Sukhdev Vihar, Delhi – 110025. While his mother Maureen Vadra is the second Director in Lifeline Agrotech Private Limited, the DLF executive Amit Mehta is the Director in the remaining five companies. As Form No 32 of the Registrar of Companies shows, Amit Mehta is clearly a DLF nominee, as inadvertently revealed through his use of the common email id of all DLF Group Directors to the RoC, viz.

    None of these new companies has so far filed balance sheet or annual accounts with the RoC. After the controversy over the proposed luxury flat complex in the vicinity of Rashtrapati Bhavan became public, the Centre asked for the CBI’s inputs in the matter. But now, with the inadvertent expose of a direct Vadra-DLF commercial nexus, an official enquiry seems to be in order.

    See also


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