On 5/1/07, Pavithra Sankaran <[EMAIL PROTECTED]> wrote: [...]
This is completely untrue. In and around Bandipur where I work, which is 80 kms from anywhere, land situated 2 kms from the highway, accessible only through a dirt track, sells for 5-600,000 Rs. an acre. Merely two years ago, it was 75,000 if there was water below.
Granted there are exceptions. Bandipur is a nice weekend jungle getaway that's within driving distance of Bangalore and Mysore where the urban affluence exists. The key observation is that the rural land hasn't appreciated because of wealth created by the rural people, for example, farmers aren't competing to buy up their neighbors plots because they are seeing a sugarcane bubble. I'd like to show you plenty of land in North Karanataka that has not seen rain in many many months and has absolutely no tourism nor industrial value and remains barren and unappreciated. Bandipur is merely a minor side effect of urban affluence. Cheeni
