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.
Some stuff I am reading today morning:
Employees make big bucks from unlisted shares (ET)
Vijaywada set to witness real estate boom (FE)
IFC’s investments in India this year near $1 Billion (Mint)
USL probes loan to UB group and its associates (BS)
SAT order on NSE’s actions after the Emkay crash (AjayShah)
Health Insurance:The good,the bad and the ugly about family floater plans (FE)
I really want to crush the Efficient Market Hypothesis (PragCap)
Even bull markets aren’t easy (CommonSense)
New Howard Marks Memo:Risk Revisited (OakTree Capital)
Scottish ‘Yes’ vote could cause currency crisis (Telegraph)
"Fortune tellers live in the future. So do people who want to put things off. So do fundamentalists"
- Ed Seykota
— Trading Proverbs (@tradingproverbs) August 28, 2014