Lad, former chairman Mumbai Board of Repairing and Reconstruction (MBRRB) under Maharashtra Housing and Area Development Authority (MHADA), joined BJP on the last day of the party's state unit's meeting today.
Last year, Lad had contested Maharashtra Legislative Council polls to give tough fight to a Congress candidate and had a tactical understanding with the BJP for the polls.
Stating that BJP is the future for the state and country in terms of leadership, Lad told PTI: "I have joined BJP because this is the only party which has competent leadership."
Lad is also one of the directors of the cash-rich Mumbai District Central Co-operative Bank.
BJP welcomed Lad saying they are confident that more leaders will join the party.
"We have welcomed Lad in our party fold and (are) confident that in the coming days many more leaders and people from all walks of the life would come to our party, which is the only hope for them," Maharashtra BJP spokesperson Keshav Upadhye said.
"This is just the beginning. There are dozens of corporators in dozens of cities, most of them from Congress, NCP, MNS and independents are lined up to join us ahead of the civic polls," said another leader of the party.
