Emergic: Rajesh Jain's Blog

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Corruption Stories – Part 4

October 28th, 2010 · 5 Comments

We all groan about the high prices of real estate in India’s cities. Rates in South Mumbai have reached Rs 75-80,000 per sq ft ($1,800 per sq ft). Have we ever thought about why that is the case? In urban areas, real estate is one of the biggest money generators for politicians. About 25-30% of [...]

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