If you own a farm you can harvest millions.
If your farm is like Koti Reddy's, surrunded by Microsoft, Polaris, Kanbay, Infosys, Wipro and the Indian School of Business (ISB) in Hydrabad.
Koti Reddy ,62, spends the day on a wooden cot under a tamarind tree in front his two-room house, surrounded by his flock of buffaloes and cows.And his net worth is $20 million. He was given this sum for his 5.3 acre farm by real estate developers. And what did Koti do with the money? He “decided to take only a million dollars as advance”, leaving the rest in the “safe custody” of his buyers.
“I have never seen money beyond $2000 in my life and this windfall is just unbelievable. I plan to donate some of the money to
the Balaji temple,” says the farmer from Nanakramguda, in the middle of Cyberabad.
Koti sold his land reluctantly, under “pressure” from friends and relatives who wouldn’t want the offer from real estate developers to slip away .
Govind, Reddy’s son, says he would prefer to invest the fortune in land once again, but a little away from the city. “We know agriculture as the only livelihood. We can’t live without land.”
The family plans to buy around 100 acres for a farm.
Smart move!
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