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Oct 31, 2014
Shiv Nadar's Rs 115 cr bungalow, HSBC's Rs 60 cr duplex: Tony realty is recession-proofThis is the market driven not by demand and supply, but snob value, emotion and oneupmanship. Buying old houses in exclusive locations and tearing them down for gleaming new residences is one thing the rich love to do, as movie stars, business promoters and the super-rich converge on favoured zip codes.