RICHEST: Deputy chief minister Francis D’Souza, who is also the Town and Country Planning Minister, has the largest number of commercial and residential buildings valued at rs18.86 crores

Black money is not stored under the bed or in the toilet behind the tiles but invested in real-estate and jewellery. The Deputy Chief Minister Francis D’souza has over 15 shops and 20 flats, while the Santa Cruz MLA, Babush Monserrate has half a dozen of bungalows besides flats not only in Goa but in Bangalore and Mumbai. We bring you the black real-estate of the 17 most greedy MLAs of Goa.

By RAJAN NARAYAN

TOP economists, including Nobel Prize winner Amartya Sen, have been insisting that prime minister Narendra Modi has closed the door of the stable after the horses have bolted. Even international business magazines like the Wall Street Journal and the Economist have pointed out that the bulk of the black money is kept not as cash, but invested in real-estate and gold.

In the last issue of the Goan Observer, we gave you details of the quantity of gold in the possession of our honourable MLAs. This time we will look at the number of commercial and residential buildings that our aamdars and khasdars own and the value of their real estate holdings as declared in their affidavits during the 2012 elections. We would like to caution you that many of the properties may be grossly undervalued. For instance, many MLAs claim that their ancestral houses have no value because they were inherited and not purchased. They have also taken advantage of the Uniform Civil Code, stating that the figure cited is half of the married MLA’s assets and even 1/8 of their inherited ancestral property. Francis D’Souza has made this claim for the 20-odd flats he owns. The 20 MLAs, for which Goan Observer has information, owned commercial and residential buildings valued at rs136,28,83,767 (rs136 crores).

TCP MINISTERS

NOT surprisingly, ministers holding the Town and Country Planning portfolio and are chairmen of various planning and development authorities (PDA) have the largest number of flats and houses. Whenever a builder applies to the TCP minister or chairman of PDA for conversion of land from agriculture to commercial and residential, they inevitably asked for their share in the form of a flat or a plot. If the concerned MLA is also the revenue minister, it is even more profitable as he can facilitate large scale conversion and demand flats or plots of land in exchange.

The affidavits reveal that politicians are the biggest new bhatkars who have replaced the old bhatkars. The politician who has admitted to owning a large number of flats and houses is deputy chief minister and Town and Country Planning minister, Francis D’Souza. Happily for him, he also is revenue minister. D’Souza has admitted to owning 12 residential flats distributed between Braganza building which he had once attacked and Kamat Garden complex in Mapusa. He lives in a building with a built up area of 518 square metrs in a plot area of 2125 sq m. In addition, he has a bungalow with a built up area of 300 sq m in a plot of 1500 sq m. His hobby is gardening and he invites the better three-quarters to visit his garden whenever he meets her.

Historically the biggest landlords in Goa have been the Monserrate couple. Babush and Jennifer. Babush and Jennifer have declared commercial and residential property valued at rs17,55,09,000 (rs17.5 crores), which is suspiciously lower than the market value of his known properties. To be fair, not all real estate in the form of commercial and residential buildings owned by Babush are necessarily due to the misuse of his office as Town and Country Planning minister in the Manohar Parrikar cabinet.

Babush is the author of the notorious Regional Plan 2011 which was subsequently scrapped. He has also been the biggest money lender to builders in Goa. Whenever a builder is unable to return the loan which carries an interest of 20 per cent a month or 240 per cent year, Babush simply takes over the building, or a few flats depending on how much the builder owes him.  

To the best of our knowledge, besides his ancestral house in Taleigao, Babush owns an eight-storey building on the Miramar-Dona-Paula road and eight-storey hotel in the same area. Babush also has a very large bungalow in Dona Paula. This is of course besides the many flats he owns in Kamat Complex opposite Dhempe College which was allegedly the base for his prostitution racket operated through a cyber café in a building next to the Temptations restaurant in Tonca. Babush also has bungalows and flats in Bangalore and Mumbai.

calanugte bhatkar

THE third biggest bhatkar is Michael Lobo, chairman of the North Goa Planning and Development Authority (NGPDA). Lobo is very close to Manohar Parrikar and in fact organised the latter’s birthday celebration in his constituency which included the village Parra where he was born.

Lobo has also managed to get the golden geese of Calangute and Candolim brought under the jurisdiction of the NGPDA. He has admitted to owning commercial and residential buildings valued at rs47,57,92,610 (rs47.5 crores). This includes several hotels and restaurants. It is not clear if the hotels represent only 50  per cent of his wealth.

The next highest in the list of political landlords is Pandurang Madkaikar who has diversified into construction. Madkaikar has virtually taken over a large part of Old Goa and the Kadamba Plateau. But he also owns several flats in Panjim. He declared real estate worth rs4,88,87,500 (rs4.8 crores) in 2012 which must have multiplied at least five times since. On record, even the Ranes are poor cousins having real estate worth only rs18,29,18,705 (rs18.2 crores). Senior Rane has admitted to real estate worth rs2,38,72,483 (rs2.3 crores) while junior Rane has revealed assets worth rs15,90,46,222 (rs15.9 crores). The bungalow captured by Vishwajit Rane in Dona Paula itself must be worth over rs5 crore. A part of the land for the bungalow was forcibly taken from a leading builder.

Thanks to the efforts of Association for Democratic Reforms (ADR), which has posted the affidavits of all successful MLAs in the 2012 election, we have been able to further analyse the data to bring you details of 17 of the 40 MLAs. Perhaps the Income Tax Authorities will help voters by locating the source of income for real estate purchased by Goa’s honourable MLAs.

HOW MUCH LAND?

HOW much land does a man need? There is a story by Russian author Leo Tolstoy.

A generous king announced that the amount of land the residents of his kingdom could cover by foot within 24 hours would be presented to them free. One of the citizens was very greedy. So he ran as fast as his legs could take him to ensure that he got the largest share of the land. When he fulfilled his ambition, he was so tired that he had heart attack and died. He was buried in a grave that was four feet by six feet.

The moral of this story is that in the end, all the land that all of us need is four feet by six feet, or even less if you are cremated. Even Jaylalitaa whose wealth is reported to be over rs50,000 crores needed only four feet by six feet for her final resting place on Marina Beach.

PRATAPSINGH RANE (PORIEM)

Commercial buildings

NAME	AMOUNT
Kulan property	rs62,12,490 (62 lakhs)
Industrial property Kulan	rs12,95,618 (rs12.9 lakhs)
Shop in Mapusa	rs1,44,000 (rs1.4 lakhs)
Property in Panjim	rs30,42,250 (rs30 lakhs)

 

TOTAL

rs1,06,94,358 (rs1.06 crores

Residential buildings

NAME	AMOUNT
Property at Kulan	rs2,90,500 (rs2.9 lakhs)
Property at Querim & Karapur	rs86,27,625 (rs86 lakhs)
Property in Panjim	rs42,60,000 (rs42 lakhs)
TOTAL	rs1,31,78,125 (rs1.3 crores)

 

GRAND TOTAL

Rs 2,38,72,483/- Crores

 

VISHWAJIT RANE ( VALPOI)

Commercial building

NAME	AREA	AMOUNT
Sapna Residency Panjim	419 sqm	rs37,50,000 (rs37.5 lakhs)
TOTAL	419 sqm	rs37,50,000 (rs37.5 lakhs)

Residential building

NAME	AREA	AMOUNT
Flat Prithvi Apts Mumbai	1623 sqm	rs13,97,67,017 (rs13 crore)
Kamat Kinara Miramar	2988.40 sqm	rs1,55,29,205 (rs1.5 crore)
TOTAL	4611.4 sqm	rs15,52,96,222 (15 crore)
GRAND TOTAL	5030.4 sqm	rs15,90,46,222 (rs15.9 crore)

 

LAXMIKANT PARSEKAR ( MANDREM)

Commercial building

NAME	AREA	AMOUNT
Giriraj Shankar Saw Mill Arambol	180 sqm	rs40,00,000 (rs40 lakhs)
TOTAL	180 sqm	rs40,00,000 (rs40 lakhs)

 

Residential building

NAME	AREA	AMOUNT
Arambol SNo.95/29	500 sqm	rs20,00,000 (rs20 lakhs)
Arambol SNo. 300/1	3408 sqm	rs25,00,000 (rs25 lakhs)
Arambol SNo. 274/1	2289 sqm	(Not given)
TOTAL	6197 sqm	rs45,00,000 (rs45 lakhs)

 

GRAND TOTAL

6377 sqm

rs85,00,000 (rs85 lakhs)

 

MANOHAR PARRIKAR (PANJIM)

Commercial building

NAME	AREA	AMOUNT
Shop in Mapusa	242.10 sqm	rs11,25,000 (rs11 lakhs)
TOTAL	242.10 sqm	rs11,25,000 (rs11.2 lakhs)

 

Residential building

NAME	AREA	AMOUNT
Flat on Chogm road Porvorim	216 sqm	rs85,80,000 (rs85.8 lakhs)
Ancestral house in Corlim	600 sqm	rs80,00,000 (rs80 lakhs)
TOTAL	816 sqm	rs1,65,80000 (rs1.65 crore)

 

GRAND TOTAL

1058.1 sqm

rs1,77,05,000 (rs1.77 crore)

 

DIGAMBAR KAMAT ( MARGAO)

Commercial buildings

NAME	AREA	AMOUNT
Office in Margao	194 sqm	rs2,48,625 (rs2.4 lakhs)
Garage Elveira Bld Margao	1021 sqm	rs2,46,500 (rs2.4 lakhs)
TOTAL	1215 sqm	rs4,95,125 (rs4.9 lakhs)

 

Residential buildings

NAME	AREA	AMOUNT
Matriz Taleigao	270.26 sqm	rs1,15,60,050 (rs1 crore)
Moroda Aquem	779 sqm	rs3,35,00,000 (rs3.3 crore)
TOTAL	1049.26 sqm	rs4,50,60,050 (rs4.5 crore)

 

GRAND TOTAL

2264.26 sqm

rs4,55,55,175 (rs4.5 crore)

 

ROHAN KHAUNTE ( PORVORIM)

Commercial buildings

NAME	AREA	AMOUNT
Office in Panjim	227.26 sqm	rs7,33,160 (rs7.3 lakhs)
TOTAL	227.26 sqm	rs7,33,160 (rs7.3 lakhs)

 

Residential buildings

NAME	AREA	AMOUNT
FNo-301 Prabhu Residency Socorro	1366.52 sqm	rs57,29,350 (rs57 lakhs)
FNo-304 Prabhu Residency Socorro	1054.48 sqm	rs44,19,350 (rs44 lakhs)
Skylark Apt Panjim	757.72 sqm	rs62,70,000 (rs62 lakhs)
Kamat classic Caranzalem	632.12 sqm	rs71,36,324 (71 lakhs)
TOTAL	3811.14 sqm	rs2,35,55,024 (rs2.3 crore)

 

GRAND TOTAL

4038.4 sqm

rs2,42,88,184 (rs2.4 crore)

 

CAETANO R SILVA (BENAULIM)

Commercial buildings

NAME	AREA	AMOUNT
Cyrus Kingdom at Benaulim	30.42 sqm	rs16,38,820 (rs16 lakhs)
Caroline guest house	150 sqm	rs30,17,160 (rs30 lakhs)
TOTAL	180.42 sqm	rs46,55,980 (rs46 lakhs)

 

Residential buildings

NAME	AREA	AMOUNT
Village Benaulim	490 sqm	rs70,34,320 (rs70 lakhs)
Village Benaulim	125.88 sqm	rs52,35,500 (rs52 lakhs)
Village Benaulim	137.08sq m	(Not given)
TOTAL	752.96 sqm	rs1,22,69,820 (rs1.2 crore)

 

GRAND TOTAL

933.38 sqm

rs1,69,25,800 (rs1.6 crore)

 

CHANDRAKANT KAVLEKAR (QUEPEM)

Commercial buildings

NAME	AREA	AMOUNT
Shop & garage at Shirvodem	—————	rs15,34,240 (rs15 lakhs)
Office premises at Quepem	————–	rs8,90,550 (rs8.9 lakhs)
Factory building	————-	rs36,48,700 (rs36 lakhs)
TOTAL	————-	rs60,73,490 (rs60 lakhs

 

Residential buildings

NAME	AREA	AMOUNT
Flat at Navelim	—-	rs17,17,500 (rs17 lakhs)
Flat at Navelim	—–	rs3,85,000 (rs3.8 lakhs)
Apt at Benaulim	—	rs19,87,300 (rs19 lakhs)
TOTAL	—-	rs40,89,800 (rs40 lakhs)

 

GRAND TOTAL

—–

rs1,01,63,290 (rs1.01 crore)

 

NILESH CABRaL (CURCHOREM)

Commercial buildings

NAME	AREA	AMOUNT
Curchorem	56 sqm	rs25,20,000 (rs25 lakhs)
Margao	143 sqm	rs75,35,200 (rs75 lakhs)
TOTAL	199 sqm	rs1,00,55,200 (rs1 crore)

 

Residential buildings

NAME	AREA	AMOUNT
Margao	92.35 sqm	rs56,37,000 (rs56 lakhs)
Curchorem	114 sqm	rs43,19,000 (rs43 lakhs)
Nagao	175 sqm	rs15,00,000 (rs15 lakhs)
TOTAL	381.35 sqm	rs1,14,56,000 (rs1.1 crore) 1111111,14,56,000/-crore

 

GRAND TOTAL

580.39 sqm

rs 2,15,11,200 (rs2.15 crore)

 

GANESH GOANKAR ( SANVORDEM)

Commercial buildings

NAME	AREA	AMOUNT
TiscaPonda	41.33 sqm	rs18,08,000 (rs18 lakhs)
Ponda	23.33 sqm	rs20,82,400 (rs20 lakhs)
Ponda	20.04 sqm	rs16,57,400 (rs16 lakhs)
Ponda	27.39 sqm	rs21,98,700 (rs21 lakhs)
Ponda	26.27sqm	rs21,75,900 (rs21 lakhs)
Ponda	43.26 sqm	rs32,80,200 (rs32 lakhs)
TOTAL	181.62 sqm	rs13,20,2600 (rs13.2 lakhs)

 

Residential buildings

NAME	AREA	AMOUNT
Belgaum	92.33 sqm	rs30,30,851 (rs30 lakhs
Farmagudi Bandora	218.73 sqm	rs2,20,45,600 (rs2.2 crore)
Ponda	90.58 sqm	rs28,26,400 (rs28 lakhs)
Kirlapal Codli Sanguem	540 sqm	rs75,40,000 (rs75 lakhs)
Silvanagar Ponda	61 sqm	rs9,27,300 (rs9.2 lakhs)
TOTAL	1002.64 sqm	rs3,63,70,151 (rs3.6 crore)

 

GRAND TOTAL

1184.26 sqm

rs4,95,72,751 (rs4.9 crore)

 

PANDURANG  MADKAIKAR (CUMBARJUA)

Commercial buildings

NAME	AREA	AMOUNT
Madkaikar steel shop at Panjim	3164 sqm	rs1,76,20,000 (rs1.7 crore)
Shop at Old Goa	3164 sqm	rs26,95,000 (rs26 lakhs)
Office at Panjim	3388 sqm	rs1,49,75,500 (rs1.4 crore)
TOTAL	9716 sqm	rs3,52,90,500 (rs3.5 crore)

 

Residential building

NAME	AREA	AMOUNT
Ashiyana house at Old Goa	12496.66 sqm	rs79,58,000 (rs79 lakhs)
Flat at Model Caranzalem	3075.63 sqm	rs56,39,000 (rs56 lakhs)
TOTAL	15572.29 sqm	rs1,35,97,000 (rs1.3 crore)

 

GRAND TOTAL

25288.29 sqmtr

rs4,88,87,500 (rs4.8 crore)

 

MAUVIN GODHINO ( DABOLIM)

Residential building

NAME	AREA	AMOUNT
Mangor hill Vasco	895 sqm	rs2,05,29,525 (2 crore)
Flat at Dona Paula	220 sqm	rs1,76,40,000 (rs1.7 crore)
Mangor hill Vasco	—-	rs15,00,000 (rs15 lakhs)
Queen reality house at Vasco	345.24 sqm	rs69,04,800 (rs69 lakhs)
TOTAL	1460.24 sqm	rs4,65,74,325 (rs4.6 crore)

 

NARESH RAJARAM SAWAL

(BICHOLIM)

Commercial buildings

NAME	AREA	AMOUNT
Bicholim	69.60 sqm	rs38,28,000 (rs38 lakhs)
TOTAL	69.60 sqm	rs38,28,000 (rs38 lakhs)

Residential buildings

NAME	AREA	AMOUNT
Madel	371sqm	rs73,67,000 (rs73 lakhs)
Mencure	3050sqmtr	rs16,16,671 (rs16 lakhs)
Bicholim	101.76 sqm	rs40,44,000 (rs40 lakhs)
TOTAL	3522.76  sqm	rs1,30,27,671/- crore

 

GRAND TOTAL

3592.36 sqm

rs1,68,55,671  (rs1.6 crore)

 

MICHAEL LOBO ( CALANGUTE)

Commercial buildings

NAME	AREA	AMOUNT
Property	41789 sqm	rs13,78,92,610 (rs13.7 crore)
TOTAL	41789 sqm	rs13,78,92,610 (rs13.7 crore)

 

Residential building

NAME	AREA	AMOUNT
Residential house	1936 sqm	rs65,00,000 (rs65 lakhs)
TOTAL	1936 sqm	rs65,00,000 (rs65  lakhs)

 

GRAND TOTAL

43725 sqm

rs14,43,92,610 (rs14 crore)

 

FRANCIS  D’SOUZA  ( MAPUSA)

Commercial buildings

NAME	AREA	AMOUNT
Natalina Apt Mapusa	22 sqm	rs6,60,000 (rs6.6 lakhs)
Braganza house Mapusa	30.92 sqm	rs1,71,777 (rs1.7 lakhs)
Braganza house Mapusa	28.60 sqm	rs1,58,888 (rs1.5 lakhs)
Braganza house Mapusa 2nd floor	280.56 sqm	rs4,67,597 (rs4.6 lakhs)
TOTAL	362.08 sqm	rs14,58,262 (rs14 lakhs)

Residential building

NAME	AREA	A,MOUNT
Kamat garden house at Mapusa	1500 sqm	rs84,14,250 (rs84  lakhs)
Flat at Kamat garden Mapusa	200 sqm	rs28,00,000 (rs28 lakhs)
Flat at Kamat garden Mapusa	100 sqm	rs14,00,000 (rs14 lakhs)
Flat at Kamat garden Mapusa	100 sqm	rs14,00,000 (rs14 lakhs)
Flat at Kamat garden Mapusa	100 sqm	rs14,00,000 (rs14 lakhs)
Flat at Kamat garden Mapusa	100 sqm	rs14,00,000 (rs14 lakhs)
Ansabhat Mapusa	2125 sqm	rs2,65,625 (rs2.6 lakhs)
TOTAL	4225 sqm	rs1,70,79,875 (rs1.7 crore)

 

Grand Total

4587.08 sqm

rs1,85,38,137 (rs1.85  crore)

 

RAMKRISHNA ALIAS SUDIN DHAVALIKAR (MADKAI)

Residential building

NAME	AREA	AMOUNT
Dhavali Kavlem Village	240 sqm	rs16,43,000 (rs16 lakhs)
Flat at Dr Lourenco Almeida complex Ponda	66 sqm	rs18,64,000 (rs18 lakhs)
House at Bandora	663 sqm	rs36,00,000 (rs36 lakhs)
Grand Total	969 sqm	rs71,07,000 (rs71 lakhs)

 

FRANCISCO PACHECO ( NUVEM)

Commercial building

NAME	AREA	AMOUNT
House at Betalbatim	360 sqm	rs1,84,00,000 (rs1.8 crore)
TOTAL	360 sqm	rs1,84,00,000 (rs1.8 crore)

Residential building

NAME	AREA	AMOUNT
Flat at Betalbatim	760 sqm	rs2,21,20,000 (rs2.2 crore)
TOTAL	760 sqm	rs2,21,20,000/- crore

 

Grand total

1120 sqm

rs4,05,20,000 (rs4  crore)

 

JENNIFER& BABUSH MONSERRATE (TALEIGAO)

Commercial buildings

NAME	AREA	AMOUNT
Kamat Mansion Miramar	720 sqm	rs2,77,20,000 (rs2.7 crore)
Shop pooja Apt	59.2 sqm	rs23,68,000 (rs23 lakhs)
Shop at Kamat Classic	55 sqm	rs23,68,000 (rs23 lakhs)
FF3 at Velhi trade Centre	24 sqm	rs9,60,000 (rs9.6 lakhs)
Office at Rizvi	862.2 sqm	rs44,88,000 (rs44 lakhs)
TOTAL	1646.2 sqm	rs3,79,04,000 (rs3.7 crores)

Residential building

NAME	AREA	AMOUNT
House at Taleigao	330 sqm	rs1,15,50,000 (rs1.1 crore)
Bungalow at Taleigao	480 sqm	rs1,68,00,000 (rs1.6 crore)
Small house at taleigao	948 sqm	rs3,31,80,000 (rs3.3 crore)
Kamat Mansion	421 sqm	rs2,94,70,000 (rs2.9 crore)
Campala Miramar	280 sqm	rs98,00,000 (rs98 lakhs)
Flat at kamat classic	252 sqm	rs88,20,000 (rs88 lakhs)
Flat at Central Park	166 sqm	rs2,00,00,000 (rs2 crore)
Flat at Raheja Residency	318 sqm	rs79,85,000 (rs79 lakhs)
TOTAL	3195 sqm	rs13,76,05,000 (rs13.7 crore)

 

Grand Total

4841.2 sqm

rs17,55,09,000 (rs17 crore)

 

20- PANDURANG DEEPAK DHAVALIKAR(PRIOL)

Commercial buildings

NAME	AREA	AMOUNT
2 shop at Ponda	78 sqmtr	Rs 15,00,000/- lakhs
Godowm	38 sqmtr	Rs13,50,000/- lakhs
Village Kavelem	20 sqmtr	Rs 3,20,000/- lakhs
Visa Plaza at Margao	19 sqmtr	Rs 6,00,000/- lakhs
TOTAL	155 sqmtr	Rs 37,70,000/- lakhs