It seems the “Gujarat Model” tops in the country when it comes to average increase in assets of 153 MPs re-elected in 2014 or in by-elections till 2018. While the increase in wealth for 153 MPs was 142%, the increase for nine BJP MPs from Gujarat was 186.47%, according to Association for Democratic Reforms (ADR) data.
The average assets of 153 MPs increased by Rs 7.81 crore from Rs 5.50 crore in 2009 to Rs 13.32 crore in 2014. However, average assets of nine Gujarat BJP MPs increased by Rs 7.06 crore from Rs 3.78 crore in 2009 to Rs 10.85 crore in 2014.
The cumulative wealth of 153 MPs increased from Rs 841.5 crore to Rs 2037.96 crore. For nine Gujarat MPs, the cumulative wealth increased from Rs 34.10 crore to Rs 97.70 crore.
The top 10 MPs with maximum increase in wealth BJP MP
He was followed by BJD Puri MP Pinaki Mishra at the second position. His wealth increased from Rs 29.69 crore to Rs 137.09 crore. At third position stands NCP Baramati MP Supriya Sule who wealth increased from Rs 51.53 crore to Rs 113.90 crore, an increase of Rs 62.37 crore.
Gujarat BJP’s Navsari MP C R Patil stands at fourth position. His wealth increased from Rs 24.20 crore to Rs 74.47 crore, a whopping increase of 208% or Rs 50.26 crore.
Looking at party affiliations, there are four BJP and 2 NCP MPs in this list. Congress, TDP, BJD and SAD have one MP each.
How Guj BJP MPs fared
Navsari MP tops the list with assets of Rs 74.47 crore in 2014. He is followed by Gandhinagar MP L K Advani whose assets increased by Rs 4.03 crore from Rs 3.55 crore in 2009 to Rs 7.59 crore in 2014.
Amreli MP Naran Kachhadiya’s wealth increased by Rs 2.94 crore from Rs 47.48 lakh to Rs 3.41 crore. Chhota Udepur MP Ramsing Rathwa’s assets increased by Rs 2.92 crore from Rs 1.05 crore in 2009 to Rs 3.97 crore in 2014. There were five MPS who were “lakhpatis” in 2009, who five years later turned into “crorepatis”. They include: Naran Kachhadiya (Amreli), Darshana Jardosh (Surat), Prabhatsinh Chauhan (Panchamahals), Mansukh Vasava (Bharuch) and Jayshree Patel (Mehsana).
In terms of percentage increase, Naran Kachhadiya registered 620% increase in wealth in five years. He was followed by Jayshree Patel (297%), Ramsing Rathwa (279%), C R Patil (208%).
Those whose wealth increased by less than 100% in five years are: Dr Kirit Solanki (Ahmedabad West, 30%) and Prabhatsinh Chauhan (Panchmahals, 44%).
MPs’ decrease in wealth All over India, there are six MPs whose wealth decreased in five years. They are Om Prakash Yadav (BJP, 27%), K V Thomas (INC, 21%),
Political parties
Out of 153 MPs, the 72 MPs from BJP registered average asset increase of Rs 7.54 cr. INC’s 28 MP registered asset increase of 6.35 cr. The two NCP MPs registered highest increase in wealth of Rs 55.62 crore followed by two MPS of SAD (Rs 27.13 cr).
VIP MPs too made gains
Then Congress President and Raebareli MP Sonia Gandhi’s wealth increased from Rs 1.37 crore to Rs 9.28 crore (573%). Amethi MP Rahul Gandhi’s assets increased from Rs 2.32 crore to Rs 9.42 crore (304%); BJP MP Sushma Swaraj Rs 7.35 crore to Rs 17.55 crore (139%); SP MP
The rise in value of my assets is thanks to price appreciation of the properties due to increase in Jantri rates. I haven’t bought any new assets.
I am not aware about the ADR report. I will have to check what properties I bought between 2009 and 2014. Lately, I haven’t bought anything.