Sunday, 17 February 2013

A Comment on An Article "Paupers And Princes of Realty: How Gurgaon is Land of Both Crorepatis and Cowherds

My comment on an article in Economic Times " Paupers and Princes Of Realty" published on 17/02/2013 at 5 pm.

  People should be clever enough to reap fortunes out of circumstances like Kanwar who has made 20 crores out of the 38 lac he earned by sale of his farm land where as the other one spent all his money earned and became a pauper. Realty sector is really fortune maker for some people whereas it was a doom for others.

A further comment on same topic as a clarfication/reply to some comment:

 You see even if it was only 60 lac  all of it could not be spent for debt. A farmer can not have so much debt. Debts can be upto 10 lac or so. So it implies that he must have spent money for fulfilling lavish desires and irrelevant purposes. So he was not prudent.

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