Chapter 482: Taking Advantage of the Situation
The land transfer in Mumbai city has attracted countless people's attention.
Especially the news media are very positive.
Because almost all the major real estate development companies in India are gathered here, everyone has been hyping up the area in the news media, claiming that their company will acquire the land at any cost and then build another landmark project in Mumbai on this land.
In addition to these, the area and unit price of the land to be transferred this time will be the highest in India's land transfer history. I just don't know what this history-making price will be, and everyone is very curious.
Cyrus was present in person.
"Boss, Sori is there." The assistant whispered in Cyrus' ear.
Cyrus looked in the direction the assistant was pointing and saw Sori coming over with his men.
They were quite far apart, so Sori didn't notice Cyrus.
"Hmph, pay more attention to him." Cyrus said.
He didn't care about Sori, a small country businessman, just a dog under Rotten.
In the past, he would not even look at such a small person.
However, he also knew that as a civil servant, it would be inappropriate for Rawdon to get involved in business affairs.
He is now targeting Sori, which means he is targeting Rodon.
It is very difficult to completely let go of the grudge between him and Rotten.
Of course, there won’t be any noise on the surface, but there will still be secret fights.
"Boss, don't worry. They have raised a lot of funds, but it's far less than what we have." The assistant whispered.
In order to take over this piece of land, Cyrus made various preparations.
In addition to various ways of raising funds, such as from banks, he also approached many financial companies for loans. Although the interest rate was much higher than that of banks, Cyrus didn't think it was a big problem at this time.
As long as we take over this piece of land, we will make greater profits in the future.
This is for myself, and I also collect various information for external parties.
He would certainly have to be aware of the funding situation of some of the main opponents identified by Cyrus.
Sori's side is the most important one.
Only after understanding the opponent's situation can we make more advantageous countermeasures.
This is the battlefield of the business world, and there is no room for any carelessness.
If you are careless, you may end up in a disaster and suffer heavy losses.
Cyrus smiled. He was still very confident about the amount of funds he raised this time.
None of the opponents present had better funds than him.
I have to say that this time, borrowing money from those financial institutions was relatively smooth.
Not only was the interest rate favorable, but the most important thing was that he was a little surprised by the amount of money they borrowed, which was much more than he expected.
Cyrus didn't think much about it. In his opinion, this was the foundation of his Mistry family.
If you can borrow money, why not? Even if you can't use it up on this project, you can use it on other projects.
For example, continue to acquire land. In short, the scale must be increased so that we can have a greater influence.
He wanted to develop SP Group's real estate development business. He wanted to let the people in Tata Group see that he, Cyrus, could do his best in everything he did.
Their removal was the biggest mistake and the biggest loss for the Tata Group.
…
"Very good." Rotten put down the newspaper and smiled at Sori opposite him.
There is a very detailed report in the newspaper about yesterday's land auction in downtown Mumbai.
However, Rawdon had actually watched the live broadcast on TV yesterday.
I know how fierce the bidding was at that time.
After hundreds of rounds of competition, it was finally won by Cyrus at an extremely high price, setting a record for land transfer in India, including unit price and total price.
It was Sori who fought Cyrus to the end.
At the beginning, all the major bidding companies were very active, but as the bids continued to increase, other companies withdrew one after another, and in the end, only Sori and Cyrus were left competing.
"Every time I made an offer later, I felt a little nervous. What if Cyrus gave up?" Sori said.
Thinking of the exciting moment yesterday, he still felt a lingering fear.
The land prices at that time were already extremely horrific, and were absolutely the highest prices ever seen in Indian history.
It even exceeded his expectations.
His purpose was not to take over the land, but to create trouble for Cyrus, to raise the land price as much as possible, and to make it more costly for Cyrus to get the land.
If Cyrus thinks the land price is too high and gives up, then this piece of land will be taken by me, which is not my original intention.
Therefore, Sori was a little worried about the bidding price at that time, fearing that Cyrus would suddenly give up and stop following.
Fortunately, the result was good, Cyrus really stuck to it.
In the end, of course, they gave up very unwillingly, which made Cyrus very proud.
"If Cyrus gives up, that's fine. We can just take the land." Roton said with a smile.
"But didn't you say that we can't make large-scale investments?" Roton's words made Sori very confused.
The Bombay Gardens project had been terminated, so what was the point of taking over this land? And with Cyrus raising the price, the cost of taking over was already very high.
"If we don't invest, can't we transfer it?" Luoton said with a smile, "Even if we acquire the land, we can still find some people to cooperate with us and transfer most of the shares, or even all of them. I believe this piece of land is still very attractive, and it should be easy to find someone to transfer it to."
Sori was stunned for a moment. Yes, he realized that he was getting too obsessed with something.
Since the amount of land auction this time was very large, many companies actually conducted the bidding in the form of a joint auction.
It means two or more real estate companies jointly bidding.
These companies are relatively weaker and do not have sufficient funds, so only by joining forces can they ensure sufficient bidding funds.
There are only a few families like Sori and Cyrus who can raise large amounts of money.
So, if Sori really wants to take over this land, he will still be able to find some partners.
This is to share the risk, so the investment risk will not be that great then.
Since this is a piece of land recognized by everyone as high-quality, when the time comes to transfer it, I will definitely not lose money. At least I can break even or even make some money.
So, my previous worries were a bit unnecessary.
"Speaking of this, for the projects currently under construction, we should recover the funds as soon as possible. If some projects cannot be completed in the next few years, we can transfer some shares or even the entire project." Luoton added.
"In this case, will Cyrus think there is something wrong with us?" Sori asked.
"You announced to the public that the purpose of recovering funds was to acquire more land." Roton said with a smile.
Sori thought for a moment and said, "That makes sense. Cyrus shouldn't be suspicious."
"Of course, you can actually get the land, it's not just talk." Roton said with a smile.
"This?" Sori was confused by Rotten's words again. Isn't this another big investment?
"I think if you go to get the land, Cyrus won't just stand there and watch, right?" Roton said with a chuckle.
"From the current situation, it seems that Cyrus has set his sights on me. He wants to get involved in every project that I want. He will take it if he can, but if he can't, he will raise the price by all means." Sori said.
"Let him come. If the price of these lands is right, you can take them. If it exceeds your expectations, give them to Cyrus. I want to see how much money he has available." Roton said with a smile.
Due to the government's tightening policies on real estate development, land prices have actually dropped significantly recently.
After all, there are not many real estate developers with strong financial resources like Sori. Once bank loans are tightened, it will have a huge impact on the funds of these real estate companies.
So, among these land auctions, there are still some relatively high-quality ones.
Of course, the so-called quality also needs to be observed over a long period of time.
In the next few years, especially during the epidemic, the prices of these lands will definitely not increase, but will fall.
Only after the epidemic is over can land prices increase substantially.
In general, real estate prices in India are still rising. The land acquired by Sori will also be in major cities in India. Only these places have enough wealthy people.
These places are high-quality lands, and only by building luxurious communities in the future can we generate high profits.
In addition to the opportunity to hoard some land, it was also to consume Cyrus' funds and allow him to borrow more money.
The more money Cyrus spends, the worse off he will be during the epidemic.
Since Cyrus was targeting him, Rotten was taking advantage of the situation and letting him come to compete and cause trouble.
For Rawdon, if he can get the land next, he will take it. If Cyrus offers a higher price, he will give it to him.
It will be very difficult to transfer the land in the next few years.
No one would take over unless you broke a bone.
Rodon did this to make Cyrus suffer a huge loss so that he could seize the Tata Group shares held by the Mistry family.
"I see." Sori said.
He didn't know why Rotun did this, but no matter how confused he was, he firmly believed in Rotun.
Everything he has now is because of Rotun. Without Rotun, he would still be a small businessman with a little money and a little fame in the local area.
It’s not like now, when he is the number one figure in Mumbai.
Looking at Rotten's success, he had no doubt about Rotten's words.
As long as we follow Rotun's orders, we will definitely not go wrong.
The time came to 2019, and Luoton started to get busy.
In fact, this busyness is relative.
Whenever there is something going on, it is usually the people below who handle it.
Given Rotten's status and position, there are basically very few things that require him to personally handle, unless they are some major cases.
2019 is the year for India’s five-year general election.
The election date has been set. It will start on April 11, 2019 and end on May 19. The entire voting process will take 39 days. It will be a long battle.
This is not just for the politicians, it's also true for the police.
Every time there is a general election, it is a very chaotic time.
There were quite a few people causing trouble.
Many of these troublemakers are the product of election parties who want to suppress their opponents and contact local gangs to carry out various attacks. These attacks are not just in the form of public opinion, but may also include personal attacks, physical disappearances, etc.
Also, people are needed to maintain order at the election site, at the ballot boxes, and so on.
Many of these tasks fall on the police.
Although there are a lot of police officers in India, many of them have been deployed to protect politicians and some senior civil servants, so the police force that can be mobilized is very limited.
For a big city like Mumbai, it's still okay.
But when something like a general election happens, a lot of police force has to be deployed all at once, which makes maintaining law and order in other areas of Mumbai very stressful.
It was after Rodon became the Commissioner of the Mumbai Police Department that the public security in Mumbai improved a lot.
Otherwise, Mumbai will become much more turbulent during the general election.
This turmoil is foreseeable because all major political parties have reached the final stage of canvassing for votes and all kinds of means may be used.
If Mumbai is relatively stable, other parts of India are in chaos.
Various acts of vandalism and looting have occurred, causing chaos and many casualties.
During the election, Rawdon's nerves would also be tense, and he didn't want to cause any big trouble.
He doesn't care what happens in other places, Mumbai must remain stable.
"Well, the situation should be much clearer now, right?" Roton said into the phone.
The call was from Vides.
"According to our current survey, the People's Party has a huge advantage, and its popularity is even greater than in the last election." Vides replied, "Well, before, everyone said that the People's Party had a great chance, and now the situation is indeed clearer. I dare say that the People's Party will definitely win."
Although the Central Bureau of Investigation is outshined by the Enforcement Bureau, a lean camel is still bigger than a horse.
The Central Bureau of Investigation still has its own advantages, that is, it is far stronger than the Enforcement Bureau in terms of information and intelligence gathering.
Although the Law Enforcement Bureau has expanded its staff, Powede basically uses these people to arrest people, attack opponents, etc.
If you want to make progress in intelligence gathering and other areas, it will not be possible to achieve results in just one or two years.
It is also thanks to its strong position over the years and the efforts of successive directors that the Central Bureau of Investigation has been able to place various spies in various departments.
If the BJP wins, the Enforcement Directorate's position will be more secure and its power will be greater.
Vides certainly doesn't want to see this situation.
Judging from the feedback from all parties now, this result basically cannot be changed.
In other words, during the BJP’s second term, the Central Bureau of Investigation will have an even more difficult time.
"Then let's prepare for this outcome." Rawdon sighed, "It's always a good idea to prepare early."
"Since we listened to your advice, the Central Bureau of Investigation has been much more low-key. The problem is that bastard Powede keeps causing trouble for us from time to time. It's really hateful." Vides cursed Powede.
Bowede is becoming more and more proud now. The low-key concession of the Central Bureau of Investigation has only fueled his arrogance.
From time to time, it would cause some trouble for the Central Bureau of Investigation and disgust Vides.
This can be regarded as a form of targeting and revenge by Bowede.
For this, Vides could only endure it for the most part.
After all, the Enforcement Bureau now has the capital to be so arrogant, and the Central Bureau of Investigation wants to fight back, but it is somewhat powerless.
"Let's not talk about these annoying things, brother. There is a piece of news that you may be interested in." Vides said again.
"What news?" Rawdon asked curiously.
The Central Bureau of Investigation is well-informed, and when Roton contacts Widdes, he also intends to ask Widdes for some information.
"That guy Cyrus donated a lot of money to the Congress Party this time," said Vides.
(End of this chapter)
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