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| India-Pakistan |
| Farmer reaps IT harvest |
| 2006-10-30 |
| Hyderabad, Oct. 29: As he sits on a wooden cot under a tamarind tree in front his two-room house, surrounded by his flock of buffaloes and cows, Koti Reddy’s placid life disguises the dilemma posed by a windfall. The 62-year-old, who has Microsoft, Polaris, Kanbay, Infosys, Wipro and the Indian School of Business (ISB) as his neighbours, has been offered Rs 114 crore for his 5.3 acres in the heart of Cyberabad, the new-economy hub on the city’s north- western fringe. “I have never seen money beyond one lakh in my life and this windfall is just unbelievable. I plan to donate one or two crores to the Balaji temple,” says the farmer from Nanakramguda, in the middle of Cyberabad. |
| Posted by:john |
| #4 ... says the Class VII dropout. I didn't know they had a classification system for dropouts. |
| Posted by: xbalanke 2006-10-30 18:11 |
| #3 Cyberabad. Simply perfect. |
| Posted by: Seafarious 2006-10-30 12:59 |
| #2 Or another way to look at it, 1 million USD = approximately 4.4-4.5 Crore. So in this particular case the man is getting about 25-26 million USD. Not bad for an indian farmer :) |
| Posted by: Valentine 2006-10-30 11:01 |
| #1 1 Crore = 10 million 1 Lakh = 100 thousand 1 US dollar = 45 Indian rupees |
| Posted by: john 2006-10-30 06:05 |