Business Standard

Ban On Badla Hits Kolkata Realty Prices

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BUSINESS STANDARD

Losses suffered by the Kolkata-based badla financiers have its impact on the real estate market, the demand for high-priced residential properties has diminished substantially.

The high return in the unofficial badla market had attracted significant amount of retail money, which was infused into the system through various brokers. With most of the city

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First Published: May 21 2001 | 12:00 AM IST

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