How the real estate sector destroyed Rs 2,66,000 crore

A curious phenomenon exists in the real estate sector. In the last three-and-odd years, you know, I know, and the dog at the lamp-post knows, that land prices have only gone up, flats cost more, and our EMIs on housing loans have gone up. We are paying through our noses for the few square feet we want to call our home. Who gains when this happens? One presumes that the real estate companies and builders must be raking in the moolah.

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