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Old Nov 10, 2008 | 12:22 PM
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dojj
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From: Little India
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it's an investment op in india mate,

i've got £150k with which i can either buy a house and get £4k a year in rent after everything is sorted for 10 years, in which time the price would have gone up

or

i can put the money into a bank and get 12% a year on

obviously the bank is going to work out easy money, but proerpty prices have grown and grown and grown in india like nothing else if you are in the right spot, but being in the wrong spot means you are going to get a huge drop in some cases in the value

my uncles place is about 100 yards from the epicentre of the growth and it's worth about 1,000,000 Rs for his 400 square foot, the guy 5 streets down the road is getting a valuation of around 4,000 rs for the same 400 square foot plot

and there are 25 plots that seem to be making the bidding right now as on the up and up, unfortunatly i don't have £4mill to invest
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