The largest recipient of donations was the Bharatiya Janata Party, which received over Rs 314 crore; the India National Congress received about Rs 98 crore. More than Rs 90 crore went to BRS, while TMC took home Rs 41 crore.
According to data released by the Election Commission and compiled by the State Bank of India, the top 25 real estate developers have donated more than Rs 630 crore to political parties in the form of electoral bonds, with the Bharatiya Janata Party (BJP) receiving the largest share of Rs 314 crore.
The All India Trinamool Congress (TMC) received Rs 41 crore, the Congress received approximately Rs 98 crore, the Shiv Sena received approximately Rs 87 crore, and Bharat Rashtra Samithi (BRS) received over Rs 90 crore.
With donations from subsidiaries like DLF Commercial Developers Ltd, DLF Luxury Homes Ltd, and DLF Garden City Indore Pvt Ltd, DLF became the largest real estate developer donor to the BJP, giving a total of Rs 180 crore between 2019 and 2023.
In October 2019 and April-July 2023, respectively, Prestige Group and its subsidiaries gave more than Rs 45 crore to the Bharat Rashtra Samithi, the Indian National Congress, and the Bhartiya Janata Party.
Other noteworthy donors include K Raheja Corp Private Ltd, based in Mumbai, which gave the BJP, Shiv Sena, and Bharat Rashtra Samithi a total of Rs 21 crore in April 2019 and October 2021.
In October 2021 and January 2022, Anbee Constructions LLP, connected to Mindspace Business Parks Real Estate Investment Trust, gave over Rs 10 crore to the All India Congress Committee and Bharat Rashtra Samithi.
January-July 2022 and January-November 2023 saw gifts of over Rs 22 crore from commercial real estate developers such as LuLu India and Inorbit Malls to political parties like the BJP, Indian National Congress, and Bharat Rashtra Samithi.
According to data provided by the State Bank of India (SBI) to the Election Commission of India on March 14, the Bharatiya Janata Party was by far the largest beneficiary of the electoral bonds scheme, receiving Rs 6,061 crore in political donations over the last five years.
It represents 48% of all electoral bonds that political parties have cashed since the beginning of 2019-20 before its being declared unconstitutional by the Supreme Court earlier this year.
With Rs 1,610 crore, the Trinamool Congress comes in second, and the Indian National Congress comes in third with Rs 1,422 crore.