"I have finally decided upon a house offered by Naren Jain in Civil Lines area. Thanks Narenji," Kejriwal tweeted.
Jain is the son of former Congress MP from Chandni Chowk Bhiku Ram Jain, and describes himself as a businessman, who rents out properties in Delhi.
When contacted, Jain initially refused that the house was being given to Kejriwal on rent. However, hours later he admitted that the house was indeed being given to the Aam Aadmi Party chief.
The house has four bedrooms and bathrooms, a kitchen, a dining room and a hall. It also has a barsaati, basement and small gardens in front and rear of the house.
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The house once belonged to Salman Rushdie's father, but it was sold out in 1960s. The property was bought by Jain in 2005 and has been lying vacant since then.
There were reports that the house may be given on rent of Re 1 per month, but Jain has denied this.
Kejriwal moving out of the government accommodation, which he received as the Delhi Chief Minister, assumes significance as the issue of him staying in the house even after quiting had been raised by opposition parties.