In New Delhi, even seedy real estate goes for 8 figures

The fading bungalow at 38 Amrita Shergil Marg does not immediately shout real estate bling. There is no tennis court, no infinity pool, no Sub-Zero refrigerator or walk-in closet. The paint is chipped, the bathrooms are musty and the ceilings have water stains. The house may ultimately be torn down. Yet when it went up for public auction, the winning bid was almost...

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