Friday April 25 2008 09:07 IST
Express News Service
BANGALORE: FORMER minister and Congress candidate from K R Puram Assembly constituency A Krishnappa’s family with declared assets of about Rs 2 .15 crore, is low in the affluence table of leaders seeking to serve the people.But the ‘current market value’ of his lands as quoted in his affidavit submitted to the electoral officer, has left many a commoner wondering as to when the realty rates hit rock bottom in Bangalore and Hoskote.Krishnappa has 22 acres of agricultural land at Ekarajapura in Hoskote, which has been quoted at a current market price of Rs 78 lakh. He also has 20 guntas, 4 acres and another 10 guntas of agricultural land in Devasandra village of K R Puram hobli which is now part of BBMP.Krishnappa, a former employee of the public sector Indian Telephone Industries (ITI),who joined active politics in the 1980s, has several non-agricultural properties too in and around Devasandra.The list of these properties and their current market price he has quoted is as follows:A 49X40 ft site - Rs 3.90 lakh, a 2272 sq ft office hall -Rs 5.20 lakh, a 35X17 site -Rs 1.05 lakh, a 4470 sq ft site -Rs 7 lakh and a large site of 45X210 -Rs15 lakh.When this website’s newspaper did a reality check, the current market price he quoted did not appear too convincing. According to Madhu, who runs a real estate agency in K R Puram: “You cannot get a site at a price less than Rs 1000 per sq ft in and around Devasandra which is now part of BBMP zone.”At this rate, the 4470 sq ft dimension site of Krishnappa should have been quoted at a current market value of at least Rs 44.70 lakh. But surprisingly, the affidavit shows a value of just Rs 7 lakh. The values of the other non-agricultural properties too tell the same tale.
Express News Service
BANGALORE: FORMER minister and Congress candidate from K R Puram Assembly constituency A Krishnappa’s family with declared assets of about Rs 2 .15 crore, is low in the affluence table of leaders seeking to serve the people.But the ‘current market value’ of his lands as quoted in his affidavit submitted to the electoral officer, has left many a commoner wondering as to when the realty rates hit rock bottom in Bangalore and Hoskote.Krishnappa has 22 acres of agricultural land at Ekarajapura in Hoskote, which has been quoted at a current market price of Rs 78 lakh. He also has 20 guntas, 4 acres and another 10 guntas of agricultural land in Devasandra village of K R Puram hobli which is now part of BBMP.Krishnappa, a former employee of the public sector Indian Telephone Industries (ITI),who joined active politics in the 1980s, has several non-agricultural properties too in and around Devasandra.The list of these properties and their current market price he has quoted is as follows:A 49X40 ft site - Rs 3.90 lakh, a 2272 sq ft office hall -Rs 5.20 lakh, a 35X17 site -Rs 1.05 lakh, a 4470 sq ft site -Rs 7 lakh and a large site of 45X210 -Rs15 lakh.When this website’s newspaper did a reality check, the current market price he quoted did not appear too convincing. According to Madhu, who runs a real estate agency in K R Puram: “You cannot get a site at a price less than Rs 1000 per sq ft in and around Devasandra which is now part of BBMP zone.”At this rate, the 4470 sq ft dimension site of Krishnappa should have been quoted at a current market value of at least Rs 44.70 lakh. But surprisingly, the affidavit shows a value of just Rs 7 lakh. The values of the other non-agricultural properties too tell the same tale.
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