Montek Singh Ahluwalia owes 1.5 crore for house | Deccan Chronicle
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Montek Singh Ahluwalia owes 1.5 crore for house

DC | 14th Dec 2012

New Delhi: A recent RTI disclosed that Montek Singh Ahluwalia, Deputy Chairman  of the Planning Commission, has an outstanding loan of Rs 1.5 crore for purchase of a house Greater Kailash in Delhi.

According to the RTI reply, Ahluwalia’s financial assets net of liabilities as of 31 March 2012 are Rs 3,85,82,450, has a loan of Rs 1.5 crore from Syndicate  Bank for house purchase.  “Ahluwalia purchased the 500-square yards house at Greater Kailash in 2006 for Rs 7.1 crore from sale of earlier property and house loan. His wife has a 60 per cent share in the house”, the RTI reply says.

The renowned economist also has a plot in Noida which he obtained through Greenwoods Government Officers' Welfare Society of which  he is a member. The plot, along with construction of one room, costed  around Rs 25 lakhs, the reply to RTI activist Subhash Chandra Agrawal says.  All the properties and the bank accounts stated in the RTI reply are jointly held by Ahluwalia and his wife Isher J Ahluwalia who is an independent income earner, the reply said.

As per the RTI reply, he also has an apartment constructed in 2001, which costed around Rs 30 lakhs, on first and second floor in Panchsheel Enclave, New Delhi, on an existing single storey house which, along with the plot,  is owned by his mother, it said.

According to the RTI reply, Ahluwalia has five bank accounts, including one in the United States, with a cumulative balance of more than Rs 1.43 crore. He has also invested Rs 3,33,58,817 in Indian mutual funds and  Rs 58,49,360 in Fidelity Investment, Washington, DC. 

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