Not very long ago..in the 1990s people would buy an amby and fiat…second hand..at a price at which the ORIGINAL owner had bought. It means you bought an amby for 38000 used it for 8 years and then sold it off at 38,000Rs. Many people would say “I will not sell it at below cost”.

Cut to 2040. What if people say “you know in the 1950s till the 2030…” people used to sell their HOMES at a price MORE than the price at which they bought?

What if prices came down because newer, better houses were available at a LOWER price?

Unthinkable? Think again. This is true in the USA.

In Mumbai one peculiar set of people – those who are in the shadow of the Airport are now facing this problem. They are being asked to reduce the height and so there is no resale value for such houses. If you assumed that “Real estate” – in one building – one for staying and one for renting – was your retirement plan what would you do?

Scary?

read on..

https://www.thequint.com/india/2017/07/23/dgca-notice-to-buildings-near-mumbai-airport