Money with Monika S4 E17 Real estate would be 50% cheaper if bribes were missing

Money with Monika

The Corona Conversations

Season 4 Episode 17

The cost of bribes in the prices we pay for real estate in India

On @livemint

https://www.livemint.com/videos/money-with-monika-the-cost-of-bribes-is-50-of-real-estate-prices-corona-conversations-11595334720331.html

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The cost of bribes is 50% of real estate prices Corona Conversations Amid the Covid-19 pandemic, commercial real estate prices have begun to fall. But it remains to be seen whether the trend will be replicated in the residential market. What has kept home prices high in India is the entrenched system of bribes – from the initial stage of land use change, to approvals for the final project. Personal finance expert Monika Halan explains how elimination of corruption from the sector can lead to a drastic fall in prices, and until that happens, what you should consider before investing in real estate. #covid19 #coronavirusoutbreak #realestate #livemint #corruption

A post shared by Mint (@live_mint) on Jul 21, 2020 at 5:58am PDT