AHMEDABAD: Reacting to media reports about the increase in the value of

's assets, the

on Monday clarified that the rise was overwhelmingly because of the inheritance from his late mother.

In a press release, the party said that in the

he filed in 2012, Shah and his wife Sonal had declared assets worth Rs 10.99 crore.

After the death of his mother

, the court probated her assets worth Rs 18.85 crore to Shah in 2013, taking the value of his assets to 29.84 crore. This has since gone up to Rs 34.31 crore largely because of appreciation of his assets.