Gadkari Owns Flat Worth Rs 3.87 Crore, Jewellery of Rs 86,16,230

Published: 22nd March 2014 08:45 PM  |   Last Updated: 22nd March 2014 08:45 PM   |  A+A-


Former BJP chief Nitin Gadkari, who will be contesting his debut Lok Sabha election from Nagpur, today declared his assets including a 1,050 sq ft flat worth Rs 3.87 crore in Mumbai and jewellery worth over Rs 86 lakhs.

The market value of his flat in a housing society at suburban Worli was Rs 52,05,000 when purchased in 2004.

According to affidavit submitted along with his nomination papers here today, Gadkari has jewellery worth Rs 86,16,230, along with Hindu Undivided Family (HUF) assets of Rs 59,87,562.

His wife Kanchan owns ornaments worth Rs 63,88,623.

Gadkari's total investments in National Saving Scheme (NSS), postal and LIC mutual funds stood at Rs 1,55,200 and that of his wife's at Rs 12,05,529.

While the senior BJP leader's aggregate investments in shares stood at Rs 14,89,500, he is maintaining a balance of Rs 21,18,164 in accounts in eight different banks.

He has opened a separate bank account for electoral purpose with balance of Rs 7,01,000, while cash in hand is Rs 24,500, according to the affidavit.

Gadkari has invested Rs 11,86,500 and his wife Rs 18,40,000 in business.

As per the affidavit, he has taken a loan of Rs one crore from the Housing Development and Infrastructure Limited for the purpose of procuring property.

Gadkari's total liabilities stood at Rs 1,30,35,000.

He has a fleet of vehicles worth Rs 14,70,000, the affidavit said.

Submission of affidavit is mandatory at the time of filing of nomination papers as per Election Commission rules.

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