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Soaring real estate in Bihar: irrational exuberance?

    ladder without support? Patna: according to reports, land prices in Bihar continue to soar and the registration department is now able to show collections beyond its wildest dreams. Notwithstanding the confusion over rates of property in and around the state capital, the volume of revenue collected by the registration department in lieu of sale of land and apartments has registered a 50% growth, compared to the same corresponding period last year. According to the statistics of the registration department, the state had earned Rs. 653.51 crore as revenue from the sale and purchase... 
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