An article about the price increase in property investments in the last few years. The numbers illustarted in the article might look like exaggrated. Infact they are not.. I guess every one of us knows some or the other guy made a fortune out of some land they inherited or bought for peanuts 5+years ago.. I remeber reading some where , the minimum(yes, minimum!) profit per year, in any land investment in cochin area have been 60% for the last several years.Despite of our Govt and Kerala Media keep repeating 'land mafia', I sincierly think it is not just some 'land mafia' driving all the prices up in kerala. Some thing Kerala media , govt and many people fail to notice is that this is a growth that is reflected in every city in India .. Every part of india! While I agree there are some players in this field doing and trying foul plays, driving up the prices, it cannot be just that.. As per Wikipedia India " is the third largest in terms of purchasing power parity. India is the second fastest growing major economy in the world, with a GDP growth rate of 9.4% for the fiscal year 2006–2007"
Some happenings in the last few years...
- Ambani is buliding the most expensive home in the world
- Tata motors is buying 2 leading luxury auto brands in the world Jaguar and Land Rover
- Lakshmi Mittal, is world's largest steelmaker ....
- 14 new billionaires from India join world's richest people list,in the last year...
Indias projected GDP growth is 8+% in this year also.. When every business in India is booming, would it refelect in kerala ?.. Is it sensible to say , keralas land prices are all controlled by some 'land mafia' ?
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