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HOME TRUTH ABOUT INDIA'S REALTY PRICES
Business Standard
|October 12, 2024
Underperformance amid lofty projections
When actor Rajesh Khanna purchased Rajendra Kumar's bungalow in Mumbai for ₹3.5 lakh in 1969, Kumar's wife reportedly chided her husband for selling it cheap. After Khanna's death in 2012, the bungalow was reportedly sold for ₹90 crore. Real estate returns since the pandemic have been less spectacular.
Despite pockets of outperformance, the overall housing prices in India have increased only 18.2 per cent between March 2019 and March 2024.
Global prices surged 31.4 per cent, according to a Business Standard analysis of data from the Bank for International Settlements, an organisation of global central banks.
Denne historien er fra October 12, 2024-utgaven av Business Standard.
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