K Chandrashekar, former Basavanagudi MLA and former mayor, has earned kudos for making his constituency a model one in the City. This 47-year-old Congressman is unmarried and has no dependents on him. Still, he has liking for purchasing houses.

He has purchased four flats in some well-known residential areas of the city during his previous MLA tenure, from 2004 till October 2007, as per the declaration of assets he made to the Election Commission on Wednesday. He is seeking re-entry into the Assembly on the Congress ticket this time. He was corportor three times before becoming MLA.

According to the declaration he has made, in June 2006, Chandrashekhar purchased a 1,720 square feet flat in Gavipuram extension paying Rs 26.27 lakh whose present market value is declared as Rs 30.27 lakh. In December same year, he purchased a 1,403 sq ft flat at Bysani Enclave in Shankarpuram paying Rs 22.82 lakh which will now fetch about Rs 44.20 lakh.

During 2007, he purchased three more properties - a 1,878 square feet flat on KR Road for Rs 23.98 lakh (presently valued at Rs 66.11 lakh); a 1,125 square feet flat in Mahalkshmi Residency in Ashoknagar for Rs 18.6 lakh (presently valued at Rs 22.8 lakh); and a 1,923 sq ft flat in Shravanee Parkview in Basavanagudi for Rs 49.25 lakh (present value shown as Rs 45.13 lakh), which was purchased by the end of November 2007.

Chandru’s Assets

Total immovable properties: Purchase or construction value: Rs 1.81 crore;present Market Value: Rs 3.89 crore; sites- 4 (Banashankari 6th stage 1 site, and Bilekahalli- 3 sites) worth around Rs 1.1 crore; Houses-2 (Hanumanthanagar) worth Rs 71 lakh; Flats-5 (Shankarpuram, Gavipuram, K R Road, Basavanagudi, Ashoknagar) worth Rs 2.08 crore; Bank accounts-4. Balance of Rs 20.39 lakh. Others: Bonds Rs 3.76 lakh, Fiat Palio car valued at Rs 2.14 lakh and a honda scooter. Gold Jewellery 160 gram and 5 kg silver. Debts : Rs 94.77 lakh.

Katta’s wealth

Senior BJP leader and former industries minister Katta Subramanya Naidu contesting from Hebbal constituency is worth around Rs 17. 5 crore. His house in Sadashivnagar itself is worth around Rs 9 crore. Interestingly,the family does not own any vehicle.

Bank balance- Rs 24.5 lakh (in Katta's name Rs 16 lakh and wife K Sowbhagya Rs 8.5 lakh. Jewellery around 3 kg ( in Katta's name 1,250 gms Rs around 12.5 lakh and wife K Sowbhagya 1.75 kg. Other assets: Rs 1.7 cr (In Katta's name Rs 61,55,776 and in wife's name Rs 1,07,72,352).

Couple shock

The Returning Officer of Mahalakshmi Layout was in for a rude shock on Wednesday when JD(S) candidate Gopalaiah’s wife Hemalatha too filed the nomination papers along with the husband.

When Ms Gopalaiah started filing the papers, the RO and his sub-ordinate officers were left wondering as to who is the official candidate. On learning about it, police personnel outside the RO office started speculating that Hemalatha may be standing as an independent against her husband.

Sensing the confusion around, Gopalaiah voluntarily announced that he himself asked his wife to file the papers. “It is a belief that there should always be two things at a time and not one. Single thing is not considered as good sign. Hence, I asked my wife also to file the nomination papers with me. But I am the official JD(S) candidate. She will later withdraw her papers,” he stated.

Gopalaiah is worth around Rs 2 crore, and no case is booked against him, according to affidavit filed along with his nomination papers on Wednesday. He has a cash of Rs 75,000, bank balance of Rs 47,000, savings through LIC around Rs 17 lakh and jewellery worth Rs 20,000. He owns a building in Kamakshipalya worth Rs 1.18 crore. He does not own any land and vehicle.

Gopalaiah’s liability is Rs 1 crore.