The real estate lobby clout
Bengaluru is known for the real estate lobby’s clout on its politics. Many candidates are either directly connected with or supported by the real estate lobby, and are believed to be chosen by parties because of their money power.
Only seven candidates have less than Rs 100 crore
Only seven of total 82 candidates fielded by the three major political parties – the Congress, BJP and JDS – in the 28 constituencies of Bengaluru urban district for the May 12th Karnataka Assembly elections — have assets valued at less than a crore of rupees. The rest of them are crorepatis, with at least 13 of them having a net worth of over Rs 100 crore.
Let the numbers talk
MLA from Govindarajanagar, Priya Krishna (in pic) is the state’s richest candidate, the Congress legislator’s total asset are to the tune of Rs 1020.53 crore. He is contesting for the third time. His father, M Krishnappa, also known as Layout Krishnappa, who is seeking re-election from Vijayanagar, has assets worth Rs 235 crore, a fourth of his son’s declared assets. The father-son duo are realtors.
Richest from BJP
The BJP’s top two richest candidates are Nandish Reddy (in pic) from K R Puram and Uday B Garudachar from Chickpet, both realtors. They have assets valued at Rs 303.06 cr and Rs 190 cr respectively.
Poorest Congress candidate
Sowmya Reddy (in pic), daughter of Karnataka’s home minister R Ramalinga Reddy, who is contesting from Jayanagar, is the poorest candidate in the Congress list for Bengaluru. Sowmya Reddy’s assets are worth Rs 54.90 lakh while her father’s total assets are worth Rs 66.16 crore.
JDS has the second highest rich people
Its richest candidate K Bage Gowda, a realtor contesting from Basavanagudi, has assets worth Rs 320 crore. In contrast, the poorest candidate among the three parties Shaik Masthan Ali from from JDS – has total asset of just Rs 10.45 lakh.
Richer in the last five years
What’s more interesting is how the wealth of sitting MLA increased in the last fi ve years. Barring two MLAs – R Ashoka (Padmanabha Nagar) and Vishwanath S R (Yelahanka) – both from the BJP – the wealth of all other sitting MLAs has increased exponentially
An analysis of affidavits of the 27 sitting MLAs (excluding Malleswaram MLA C N Ashwath Narayan) filed during 2013 and 2018 Assembly elections, reveals that the assets of 12 of the sitting MLAs has more than doubled in the last five years.