The Secret Syndicate: How Banks, Governments, Media and Mafias Fool the People

How Banks, Government, Media

How They Might “Work Together”:

• Mutual Interests: Sometimes government officials, big banks, and media owners may share similar economic or political interests, which can lead to biased policies or selective information.
• Control of Narrative: Media can help create or hide stories to protect these interests or distract the public.
• Corruption and Influence: Illicit groups or corrupt officials can exploit these systems for personal gain.
• Economic Inequality: Such collaborations or collusions often widen the gap between elites and common people.

Why Land Prices Can Skyrocket Even Without Much Foreign Investment:

1. Speculation by Local Investors and Developers

• Many landowners, real estate developers, and investors buy land expecting prices to rise, creating artificial demand and driving prices up.
• This speculation can be fueled by easy credit from banks or informal lenders.

2. Role of Banks and Easy Credit

• Banks (and sometimes informal money lenders) provide loans and mortgages, often encouraging borrowing against land and property.
• Easy availability of credit can inflate prices as more people compete to buy land.

3. Government Policies and Land Regulations

• Complex land laws, unclear property titles, or slow approvals create scarcity and uncertainty, pushing prices higher.
• Some government policies (or lack of transparency) can encourage hoarding or block affordable supply.

4. Corruption and Mafia Involvement

• Land mafia groups in many parts of India illegally acquire, sell, or hold land, often manipulating prices and forcing out small owners.
• Corrupt officials might collude with these groups, further restricting supply and inflating prices.

5. Media and Public Perception

• Media coverage sometimes glamorizes real estate investment or doesn’t critically report on corruption, which can fuel hype.
• Lack of investigative journalism on these issues lets manipulation continue unchecked.

REFERENCE :

1. Land Mafia in India

• Example: The Noida land scam (Uttar Pradesh) revealed illegal land grabbing and collusion between developers, government officials, and mafia groups.
• Reference:
  • The Indian Express reported investigations into Noida Authority officials involved in irregularities in land allotment.
  • Noida land scam case overview

2. Bank Lending and Real Estate Bubble

• Many Indian banks have exposure to real estate loans, which fuels speculative buying and drives up land and property prices.
• Reference:
  • Reserve Bank of India (RBI) reports highlight stressed assets in the real estate sector, reflecting risky lending practices.
  • RBI Report on real estate sector loans

3. Government Land Policies and Price Inflation

• Complex regulations and slow approvals lead to scarcity and price hikes.
• Reference:
  • NITI Aayog reports and various research papers discuss how land acquisition laws and urban planning inefficiencies drive up prices.
  • NITI Aayog report on land market reforms

4. Media’s Role

• Investigative journalism by outlets like The Wire, Scroll.in, and The Hindu have exposed links between real estate developers, politicians, and mafias.
• Reference:
  • Articles on real estate scams, illegal constructions, and nexus with political figures in states like Maharashtra and Karnataka.

Author: Master Vikrant RohinMaster Vikrant Rohin is an international author, and more than four countries’ schools are using his books in the core curriculum of education. He is the author of twenty different subject books. History, Economics, Chemistry, Physics, English, Biology, Geography etc. Most of his students hold high-ranking positions in the public and private sectors. He has cracked the world’s toughest exam, the "Civil Services Examination (UPSC)," eight times. Always a topper in academics, he was also a top-class sportsman, a state boxer, and a basketball player.