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Little Devansh richer than Grandpa Naidu
Chief Minister N Chandrababu Naidu is poorer with a net asset worth Rs 67.04 lakh, while his little grandson is relatively richer with properties worth Rs 11.33 crore in the Nara family.
Guntur: Chief Minister N Chandrababu Naidu is poorer with a net asset worth Rs 67.04 lakh, while his little grandson is relatively richer with properties worth Rs 11.33 crore in the Nara family.
Nara Lokesh, CM’s son and TDP national general secretary, disclosed the assets of the five-member Nara family—Naidu, his wife Bhuvaneswari, son Lokesh, daughter-in-law Bramhani and grandson Devansh—at a media conference here on Wednesday.
Devansh, who turned one on March 21 this year, received Rs 9.20 crore as a gift from grandmother Bhuvaneswari , a silver cradle worth Rs 2.87 lakh from his father Lokesh and Rs 2.04 crore from his maternal grandfather and actor Nandamuri Balakrishna during the financial year 2015-16.
Besides, the little boy has received a house property with an extent of 1191 sq yards worth Rs 9.17 crore in the Jubilee Hills Cooperative House Building Society, has a fixed deposit in the Punjab National Bank of Rs 2.04 crore.
However, there was no mention of the source from where Devansh has received the house property. Naidu is even `poorer’ than his son Lokesh with assets worth Rs 8.15 crore, daughter-in-law with total assets worth Rs 12.33 crore while his wife Bhuvaneswari having assets valuing at Rs 38.66 cr.
Meanwhile, the Chief Minister is left with assets with a net value of Rs 67.04 lakh after he raised a bank loan of Rs 3.06 crore from Bank of Baroda to build a residential house at plot No 1310, Road No. 65, Jubilee Hills, in Hyderabad in a site (1125 sq yards) shared with his son. The cost of the site owned by Naidu was, however, not mentioned in the sheet.
Of all the five members in the Nara family, Chandrababu is the poorest with a residential building in 0.97 acres in his native Naravaripalli village in Chittoor district which he received from his family members as a gift, an ambassador car costing Rs 1.52 lakh, National Savings Certificates (NSC ) with a face value of Rs 1,000 and balance in savings bank accounts and cash Rs 3.59 lakh. In all, the value of his total assets stood at Rs 3.734 crore, while liabilities at Rs 3.06 crore.
The assets owned by Bhuvaneswari include a building in 650 sq yards in Punjagutta which is currently pledged to Andhra Bank, a warehouse and 2.33 acres of agriculture land at Sriperambudur in Tamil Nadu and five acres of agriculture land at Madinaguda in Serilingampalli mandal in Ranga Reddy district.
Lokesh owns properties which include a residential property with an extent of 1285 sq yards in Jubilee Hills (worth Rs 3.68 crore), five acres of agriculture land gifted by his grandmother and a farm house at Madinaguda village in Ranga Reddy district.
Lokesh laughed it away when asked for a clarification as to how his father remained `poor’ in the family. “We are all equal in our family. We value relations more than money and property”, was his refrain.
