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Satapathy's Stories : Reality Of Realty
The Finapolis
|September 2017
I don’t have to say that people love real estate.
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However, across India, we have clearly seen that people overestimate the virtues of real estate. I met a friend, who proudly exclaimed that his father had purchased a flat for Rs 1,700 per square feet and its value had now risen to Rs 18000, per square feet. A more than 10 times rise in value is bound to create some serious excitement.
So, while I understood his excitement, I couldn’t resist myself from asking as to when his father had purchased the house. Quite expectedly, it was a long time ago. To be exact, about 20 years back.
This story is from the September 2017 edition of The Finapolis.
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