BMC Elections 2026: How Wealth of Mumbai’s Ward Candidates Has Grown Since 2017
Mumbai: As the Brihanmumbai Municipal Corporation (BMC) Elections 2026 approach, affidavits submitted to the State Election Commission reveal a sharp rise in the assets of several prominent candidates contesting the January 15 civic polls.
According to official data, nearly 1,700 candidates are in the fray for elections to Mumbai’s 227 wards. A closer look at their disclosures shows that many candidates have witnessed exponential growth in personal wealth over the last eight years, raising fresh questions around transparency and accountability in civic politics.
Former Mayor Kishori Pednekar’s Assets Rise Over 200%
:contentReference[oaicite:1]{index=1}, former Mayor of Mumbai and a Shiv Sena (UBT) candidate from Lower Parel (Ward 199), has declared total assets worth ₹5.26 crore. This marks a steep 226% increase compared to her declared assets of ₹1.61 crore in 2017.
Pednekar, who served as Mumbai’s mayor from 2019 to 2022, has reported immovable assets worth ₹4.69 crore and movable assets of ₹57 lakh.
Samadhan Sarvankar Reports Nearly 400% Jump in Wealth
Shiv Sena (Shinde faction) candidate :contentReference[oaicite:2]{index=2}, contesting for a second term, has declared assets worth a staggering ₹46.59 crore. This reflects a massive 394% increase from ₹9.43 crore in 2017.
The affidavit shows immovable assets valued at ₹40.59 crore, along with significant movable holdings. His declared profession is business.
Yamini Jadhav’s Assets Cross ₹14 Crore
Former MLA :contentReference[oaicite:3]{index=3}, a Shiv Sena candidate from Ward 209 in the Mazgaon area, has declared assets worth ₹14.57 crore. Her holdings include ₹11.28 crore in immovable assets and ₹3.28 crore in movable assets.
During the 2024 Maharashtra Assembly elections, she had declared assets of ₹10.10 crore along with loans amounting to ₹52 lakh, indicating continued asset growth.
Geeta Gawli’s Wealth More Than Doubles
:contentReference[oaicite:4]{index=4}, daughter of former MLA Arun Gawli and contesting from the Byculla–Agripada area (Ward 212), has declared total assets worth ₹7.26 crore.
This is a significant jump from the ₹3.38 crore she declared during the 2019 Assembly elections, with immovable assets accounting for ₹4.70 crore.
Neil Somaiya Sees 400% Growth Since 2017
:contentReference[oaicite:5]{index=5}, son of BJP leader Kirit Somaiya and former corporator, has reported assets worth ₹9.89 crore. This represents a 400% increase from ₹1.99 crore declared in 2017.
His affidavit lists movable assets worth ₹5.72 crore and immovable assets worth ₹4.16 crore.
Dahisar Candidates Report Sharp Asset Rise
:contentReference[oaicite:6]{index=6}, who recently joined the BJP and is contesting from Ward 2 in Dahisar, has declared assets worth ₹5.15 crore, up from just ₹25.82 lakh in 2017.
Meanwhile, Congress candidate :contentReference[oaicite:7]{index=7} from Ward 1, Dahisar, has declared total assets of ₹4.27 crore, a sharp increase from ₹17.29 lakh in the previous municipal elections.
Asset Disclosures in Focus Ahead of January 15 Polls
With the last date for filing nominations ending on December 30, asset declarations have become a key point of discussion among Mumbai voters. Civic activists say such disclosures allow citizens to make informed decisions while voting in the BMC elections.
As campaigning intensifies, the spotlight is firmly on how the financial profiles of candidates have evolved since 2017, making wealth growth one of the most closely watched aspects of the Mumbai BMC Elections 2026.
