In 1970,Rajesh Khanna bought a bungalow in Mumbai for 3.5 Lakhs.
Fourty Four years later, in 2014, his legal heirs sold the property for 85 Crores.
This translates to a annual compounded gain of ~ 19.5%
Just goes to show that realty is a great investment in India over long time frames.
3 replies on “Rajesh Khanna’s Realty Example”
What about Taxes.
what about back money component then and now? that component may have reduced by now..
Just not possible to buy the bungalow even that time for just 3.5L , my parents bought a 1 bhk same year in far flung malad for 35k. Major cash component in the bungalow purchase that’s not reflected.