The thumb rule in real estate business is that when you buy a piece of land or property, you must be certain its value would get appreciated in the coming time. And then there are also those societies who come up with properties for the welfare of specific section of people.
In lieu of that, flats came up in the Chitrapuri Colony with the sole aim of benefitting those members of the film fraternity who are in low income group. At that time, they showed their membership card and took the flat with just 1 or 2 lakhs investment.
They did this because they thought the constructions would not happen. Eventually they sold it for 3 lakhs to 5 lakhs with the same intent. This cycle repeated for a while and now the colony has come to a shape. As a result, those who are living are planning to sell their flats for 10 lakhs margin.
