Babus Turn Out to be Ingenious Investors

Out of the 4,587 members of the IAS, around 660 have not trailed their statements even on the final day for affirming fixed property. The statements sent on the department of personnel and training website exhibit how babus are ingenious investors since most of them possess numerous properties; Greater Noida is the most desired investment place, trailed by other parts of the broad and fast developing NCR.

Any senior official on Central deputation possess a flat, plot or house in Greater Noida. Moreover, it is a preferredendpoint for babus of AGMUT cadre, who are typically posted in Delhi at specific point of their careers. Many officers, regardless of their positions, own many properties.

However, there are specific exceptions among senior bureaucrats, whose revenuesprove that neither they nor their partnershold any property. Several officers have not filled in the column on recent market price on the appeal that they have not resolute it. There are few statements, which display suspect at very first look.
Previous NDMC chairman ParimalRai, who was one of the officers designated in the Shunglu Commission report, has professed eight properties, comprisingtwo flats in aristocratic area of Green Park. He has appreciated the flats at Rs 10 lakh each, which is beyond synchronicity with the usual property costs in the city. His other propertiescomprise a four-bedroom luxurious flat in Lucknow, and a plot in Ghaziabad. A K Mehta, a J K cadre 1978 batch Joint Secretary in UUD ministry, possess 10 immovable properties, which are three plots in number – two of which are in Golf City (Noida sector 75) valueRs 37 lakh each – and a property in a Dwarka mall worth Rs 16 lakh.