I am no fan of
real estate, and certainly won't advise investing in property to earn rent.
However, I strongly believe that one should own a debt-free house in which one
will live in. Most of us have read about how Rakesh Jhunjhunwala sold his
Crisil shares in 2005 for Rs 27 crore to buy a flat at Malabar Hill in Mumbai.
Had he remained invested, his shares would be worth Rs 600 crore in 2015. The
flat, on the other hand, was only worth Rs 65 crore....
