buying house

Obsession with buying house: Why do Indians prefer real estate?

Obsession with buying house: Why do Indians prefer real estate? Real estate is a capital guzzler Gaurav Mashruwala Gaurav Mashruwala, founder, Gauravmashruwala.com Real estate is a capital guzzler, illiquid, immovable and indivisible. Also, it is cumbersome to acquire, maintain, liquidate and bequeath. Capital guzzler: Many times, a single piece of real estate will constitute almost 70-80%…