Gather Little by Little has hosted the 148th Edition of the Carnival of Personal Finance! and The Orange Paper is listed in the Real Estate section. Be sure to check all the fantastic articles listed in the carnival.

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As per media reports, the Mumbai Metropolitan Region Development Authority (MMRDA) had recently put five plots on auctions in the G-Block of the Bandra-Kurla Complex, comprising two commercial, two residential and a clubhouse. Out of the these five plots, the authority only managed to sell three plots for Rs1,322 crore. Of these three plots, the authority sold one commercial plot, spanning 24,000 square metre, to Jet Airways for Rs826 crore. This implies a selling price of approximately Rs32,000 per square feet (Rs314,467 per square metre) for the commercial plot. This selling price is at a 31.7% discount to the Wadhwa Builders’ bid of Rs46,806 per square feet (or Rs503,636 per square metre). It is also interesting to note that Jet Airways was the sole bidder for the commercial plot in the recent auction.

With the stock markets experiencing a bear phase it will be interesting to see if prices of real estate also undergo a correction and to what extent.. 5%, 10% … 25%?

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Investing in stocks and mutual funds has been compared to dating, buying investment properties like a marriage, and starting up a business like being married with children. I am beginning to find out how true it is.

Why are buying stocks like dating? For a start, you can get in quickly and easily. With some capital, you just need a broker, or an online account, and you can start buying stocks right away. There is no huge commitment involved. You can get out as easily, almost instantly if the price is right. [Read more]

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