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Elections 2019: Most LS candidates' assets see steep rise since 2014

From inherited properties to new purchases, Congress as well as BJP candidates list assets worth crores in affidavits filed along with their LS nomination forms

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Most of the former Congress MPs from Mumbai, who have all been out of power for the last five years, have managed to considerably increase their wealth in the last few years. Candidates filed their nominations, along with their income affidavits on Monday for the polls to be held on April 29.

Rs 18 crore rise in Gaikwad's property

South Central constituency Congress candidate Eknath Gaikwad's affidavit submitted to the returning officer valued his immovable assets at Rs 19.88 crore as opposed to his assets worth Rs 82.01 lakh in 2014. While his inherited property in 2014 was only a 2.29-acre agricultural land, another property has been added in the new affidavit. The old property's valuation has gone up from Rs 82.01 lakh to Rs 2.38 and the new 60,000-sq ft property in Bhiwandi bought at Rs 3 crore in December 2014, is now valued at Rs 17.5 crore. Gaikwad's movable assets have not seen much of an increase. From Rs 50.04 lakh in 2014 to Rs 52.02 lakh this year is the rise. His wife Lalita Gaikwad's assets were shown at Rs 9.67 lakh in 2014 and that has increased to Rs 11.63 lakh now. Her immovable assets remain almost constant - from Rs 1.02 crore to Rs 1.37 crore. However, from no liabilities last year, Gaikwad now has Rs 2.14 crore worth of liabilities and his wife has liabilities worth R41.5 lakh of liabilities.

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