Bachelor Modi declares Rs 40 lakhs assets

AHMEDABAD: A 57-year-old bachelor, Gujarat Chief Minister Narendra Modi has assets worth Rs 40 lakh, does not own any vehicle and has no cases against him, according to an affidavit he filed before the Election Commission.
    
Modi, who submitted his nominations papers from city's Maninagar Assembly Constituency, has stated in the affidavit that he is a resident of Ranip in Ahmedabad and has no farm or commercial land.

However, he owned a house in Sector-I area of Gandhinagar built on an area measuring 326.22 square metres. It was bought for about Rs 1.30 lakh and its current market value was Rs 30 lakhs.

The Chief Minister also declared that he did not own any vehicle but had Rs 8 lakhs in bank deposits at SBI's Gandhinagar Sachivalaya branch. In the same branch, his savings bank account had an amount of Rs 55,000.

Modi declared that he possesses Rs 11,200 in cash and had three gold rings worth Rs 50,000.
   
He has not invested in bonds, shares or debentures of any companies and had not availed of any bank loan either. He, however, held National Saving Certificates worth Rs 3.39 lakhs.
   
Modi, a post graduate in political science from Gujarat University, stated that he has no court cases against him and he has filed his income tax returns till 2007-08.