Akash Ghosh

Real Estate Developer | Finance Enthusiast

[Akash Ghosh @bongalitoka]

RBI hikes repo rate to 5.50%, the first increase since Feb 2023. Stance moves to "calibrated tightening". Growth forecast up to 7.1%, inflation to 5.2%.

On a ₹50 lakh, 20-year home loan: about ₹768 more a month. What it means for housing and Odisha ?

[Akash Ghosh @bongalitoka]

It’s a perfectly organised mafia at play.

Regulating the sector would attract a lot of resistance, and would go against the interests of many top Bosses.

But if done, will be a renaissance moment for India.

@PMOIndia @HMOIndia @FinMinIndia @MoHFW_INDIA

[Mahavir Chopra / Beshak.org @themahavir]

LIC has quietly walked away from health insurance.
Not many people noticed.

LIC - that one brand that every Indian family trusts without question for 60+ years. They wanted to get into health insurance space but later said they're not ready for this.

The CMD said this in an interview around a month ago (see pics below)

All investments in health insurance companies are paused. Including the Manipal Cigna acquisition announced a year ago.

The reason? No healthcare regulator in India.

No regulator means hospitals bill whatever they want. Claim disputes have no clean resolution. Premiums are unpredictable. Even LIC, with the entire government behind them, didn't feel confident they could protect customers properly.

So they stepped back.

Think about that for a second. The world's 4th largest insurer. Unlimited capital. No VC pressure. Government backing. And even they looked at Indian health insurance and paused, will move cautiously. That should worry all of us.

But here's one more thing that annoyed me the most, and trigerred this post

Agents are still pitching Manipal Cigna using the LIC acquisition as a selling point. "LIC is buying them, so it's safe." 🤷‍♂️

Do not buy from Manipal or any company because of a future acquisition that hasnt happened. Buy based on basic fundamentals of the product and the company.

Now, the last but very important point.
A lot of people reading this post will say that if LIC is not confident, why should we invest in health insurance?

This is the very unfortunate reason to invest in health insurance. If hospitals are not regulated, we are on our own - and paying hospital bills on our own would be next to impossible in the next 10 years. Thoda socho.

Do not wait till the last minute 🙏🙏🙏
Remember health insurance is one of the only products, where the seller can reject the buyer.

[Akash Ghosh @bongalitoka]

The news of MH DyCM Ajit Dada Pawar passing away is shocking and saddening. There is no surety of life, no matter who you are. History keeps reminding us of that.

#RIPAjitDadaPawar #NCP #PlaneCrash @AjitPawarSpeaks

[Akash Ghosh @bongalitoka]

Wishing Everyone a very Happy New Year 2026 !

[Akash Ghosh @bongalitoka]

@vijaysantuka @MayorofBBSR @Sulochana_Apa @ChanchalRanaIAS @bmcbbsr @ushapadhee1996 @HUDDeptOdisha @dr_kcmahapatra @narendramodi @PMOIndia @AmitShah @HMOIndia @dpradhanbjp @AshwiniVaishnaw @AprajitaSarangi @babusinghodisha @MohanMOdisha @KVSinghDeo1 🫡 to you for tagging PM, HomMin, CM, DyCM and everyone else in this one

[Odisha Developers Federation @od_fed]

Wishing great success to the State Bank of India, Bhubaneswar’s upcoming Property Expo 2025.

We urge the public to visit the Expo to explore the best Real Estate Projects, all at one place.

@TheOfficialSBI @CGMSBIBhu @prasant9434

[Akash Ghosh @bongalitoka]

Been around 15 yrs across equities, debt & real estate — and still learning this:

Markets swing on sentiment, not spreadsheets.
Valuations guide, conviction decides. 📈

#Investing #Markets #GrowthMindset

[Akash Ghosh @bongalitoka]

Even today, people fall for network marketing traps sold as “business opportunities.”
It’s not financial literacy that’s missing — it’s direction.
I won’t name them; they’ve had enough recognition already.
Time we build something real, not pyramids.

[Odisha Developers Federation @od_fed]

Amidst the chaos and uncertainties in real estate, rises a united force with a clear vision - Odisha Developers’ Federation (ODFED).

An association committed to resolving challenges, empowering developers, and uplifting Odisha’s real estate sector.

#ODFED #BuildingOdisha

[Odisha Developers Federation @od_fed]

The 1st General Body Meeting was conducted on September 12, 2025, following the Logo Launch Press Meet.

[Odisha Developers Federation @od_fed]

With the blessings of Prabhu Shri Jagannath, the official logo was unveiled at a Press Meet on September 12, 2025 at Bhubaneswar.

[Odisha Developers Federation @od_fed]

A New Chapter Begins

Odisha’s leading real estate developers unite with integrity & vision to shape the state’s future.

Proud to unveil Odisha Developers’ Federation (ODFED) —
Building Trust. Building Odisha. 🏗️

#ODFED #BuildingOdisha

[Akash Ghosh @bongalitoka]

@Naveen_Odisha @MamataOfficial Hey Prabhu ! 🙏🏻

[Gabbar @GabbbarSingh]

TCS employs 6L people and pays out 1.4 Lakh crore salary annually.

IT companies helped you come to a Tier-1 city from a Tier-3 city. Gave you that first job, which could fund your preparation for a better degree/better job. Paid for your lodging boarding while you could attend your CAT/GRE classes on Sundays.

If IT cos weren’t there, most of these guys would be preparing for their 3rd attempt at SBI PO or UPSC in Mukherjee Nagar.

[Aditya Kondawar @aditya_kondawar]

Was reading an article on BKC Traffic problems in today's Mid day

An Office goer said "BKC area is the modern day Chakravyuh. Getting in is easy, getting out is extremely difficult"

What an amazing way to put it - I can also confirm that this statement is 100% true!

[Naveen Patnaik @Naveen_Odisha]

Congratulate students, faculty members and staff of Utkal University on the varsity being accorded the A+ NAAC grade. The accreditation will be a huge boost to quality education and research activities in #Odisha, and promote innovation at the university.

[Muthukrishnan Dhandapani @dmuthuk]

40,000 times in 100 years is 11.3%

A bungalow in Nepean Sea Road, South Mumbai was bought for around Rs.1 lakh in 1917. It is now going to be sold for Rs.400 crores. The value of the bungalow has multiplied by whopping forty thousand times in 100 years.

Real estate is always discussed in terms of how many times it has multiplied. Rarely anyone in that industry calculates XIRR or annualised returns. 40,000 times in 100 years when expressed in terms of XIRR is 11.3%. Not a bad return at all. But nowhere as glamorous as saying 40,000 times.

Many tell me something like that the property they bought 25 years ago has multiplied by 10 times. Sounds fantastic. But the annualised return works out to 9.6%.

When I say Birla Sun life Tax Relief’96 has provided around 26% returns in last 20 years, it doesn’t sound much sexy. When I rephrase that the fund has multiplied wealth by 100 times in 20 years, it suddenly looks very attractive.

Generally, finance people always talk in terms of annualised returns. If I say, you may expect around 15% annualised returns from equity over next 20 years, what it means is that the money getting multiplied by 16 times.  

Do one thing. Use the simple function in excel or a financial calculator to calculate returns in terms of XIRR. An exotic 10 times in 25 years would be converted into a modest 9.6% XIRR. Comparison between asset classes would become meaningless if not measured in the same way.

Learn to measure everything in terms of annualised returns. This would not only impart better financial literacy, it would also reset your expectations to more realistic levels. If a prime property in Mumbai can ‘only’ deliver 11.3% over 100 years, you would learn to be contended with 9% annualised returns from your real estate investments.

The 2004-07 bull market in stocks, the 2004-09 boom in real estate are more of exceptions than the rule. As I’ve mentioned before, in the long run, you may set your expectations as follows:

Fixed Deposits: Inflation + 1%

Gold: Inflation + 1.5%

Real Estate: Inflation + 3%

Equity: Inflation + 7%

Calculate how much annual returns your real estate investments has delivered over last 2 decades.

The number may surprise you.

( I wrote this piece in 2016)

[Akash Ghosh @bongalitoka]

Rest in peace #CharlieMunger

[Akash Ghosh @bongalitoka]

Thanks for raising this point @atulkasbekar.

The crowd failed to cheer for the players. Especially when they needed it the most.

History has it, the crowd really has the power to steer the momentum of the game.

Not blaming specifically people of the region but generally.

[atul kasbekar @atulkasbekar]

Last word

The Ahmedabad crowd was rubbish
Need proper fans inside a stadium instead of fly by night pretenders

Like the amazing people at Wankhede
Proper fans
Cheered the team on and especially Shami post the dropped catch
Chanted his name non stop

Boosted him and the team
Energised them
Lifted them when the Kiwis were looking ominous
Shami got 7 eventually

Last time out in Mumbai for a WC final, we won
Choose ur venues wisely