Rahul's immovable assets show decline but value doubles

Last Updated 12 April 2014, 14:47 IST
Rahul Gandhi's immovable assets have shown a decline since 2009 but the value of total assets has doubled to Rs.9.4 crore in the last five years.

In the affidavit filed by him along with his nomination papers today, he has disclosed that the total value of his real estate assets (including the advance of Rs.6.8 crore paid on property) has increased from Rs.4.4 crore in 2009 to Rs.8.2 crore now, an increase of about 86 per cent.

The doubling of the total value of the assets from Rs.4.7 crore  to Rs.9.4 crore has been primarily due to appreciation in property prices.
The number of real estate assets owned by Gandhi has declined since 2009 as he as sold the two shops he owned in a mall and exited another agricultural property in Haryana.

He continues to own a share in the inherited farm in Sultanpur Village in Delhi.
The proceeds from the sale of the two shops have been used to make part payment on two office spaces.
The affidavit shows that Rahul does not own a car and as an SPG protectee he is required to travel in an SPG vehicle for security reasons.
Compared to many leaders across party lines, Rahul's assets are modest and they have shown a modest increase in the last year years, according to sources close to the leader.

The affidavit shows Rahul declared a total income of Rs.92.46 lakh in the tax return for 2012-13.

He has cash in hand of Rs. 35,000 as of March 31 this year and a fixed deposit of Rs.9.50 lakh in banks.
Total investment including in bonds and shares amounted to Rs.1.90 lakh and mutual funds Rs.81.28 lakh.

Investments in NSS, Postal Saving and other instruments were disclosed to be Rs.20.70 lakh.
Rahul possesses jewellery and bullion weighing 333 grams worth Rs.2.87 lakh.
Against the column any other assets such as value of claims/interest, Rahul has disclosed a sum of Rs.1.81 lakh. PTI 
(Published 12 April 2014, 12:36 IST)

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