Though the property price has appreciated to Rs 55 lakh, he is not amused by the nominal gains since in real terms it does not mean much. “I bought this flat to live in. This is home for me. Until I have a plan to relocate to a less expensive city, the price appreciation does not mean much. I can’t even sell this flat to buy a bigger place in a similar locality as that would mean getting into another debt trap,” Singh says with a sad smile.
Tomorrow: A marketing executive in Guwahati is cutting personal expenses to meet spiraling EMIs.
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