|Quite A GapThe list can go on. Now, this is information formally declared and in public domain. We don’t know what’s more worrying. That these officers think this is such a pointless exercise they wouldn’t have time to establish (one/two phone calls) the value. Or the delibrate intent to conceal the real value because it might attract attention.
Incidentally, the market value for IFS apartments as per our reckoning is upwards of Rs 1 crore so Dr Bhagwati is the closest in this sample. The rents declared are mostly in the Rs 240,000 to Rs 300,000 range for the same house, which seems close to reality. By the way, most of the same IFS officers also own apartments in a society in Sector 56, Gurgaon where again the value is either `not known’ or varies wildly.