Real Estate-Calling Attention
Just South of Delhi, situated on the Golf Course Road, Gurgaon is DLF Magnolias-a private gated community of 889 apartments and penthouses. In all 20 towers with 2 apartments on each floor, all of roughly 5600 sft abd valued at USD 3 mn each. The PMO advisors might like to look up who lives there-from the estranged Gandhi scion, to Nikesh Arora, and Dr. Trehan. For building this USD 2.5Bn entity DLF made no money, profits at the largest realtor are minuscule, the stock sinks to new lows daily, the Debt remains at Rs 22000 cr and we focus effort on destroying the currency. Ever wondered how many of these 889 families pay tax, earn anything, but can afford a palatial life, as does the Singh family. And then they go ahead and launch Camilia, priced at Rs 35000 sft at a average size of 10,000 sft per apartment-delivery somewhere in 2020 and may be still not make money. Sometimes I wounder what that means-a forest for the trees or is it something else?
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