Indian biggies were outbid

Today I came through a newspaper article where it was written that some NRI (Non-Resident Indian) had outbid a number of high profile Indian business houses to buy an apartment at around Rs. 34 crores. Considering today’s foreign exchange rate, it translates into something like $ 8.6 million. That’s a lot of money. In the fray were wifes, children and relatives of industrial giants from India.