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Property prices hits in Bengal due to crackdown on chit-fund firms
Q: A year ago property prices in Durgapur were flying because of hit chit-funds. But now the property price in those localities are down 70-80%.

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Latest Answer: The trend continued even after the collapse of the Saradha Group, in April 2013. Even as the West Bengal government interrupted a CBI screening for over a year, ponzi operators went into a crazy collecting funds. As per a report it is found that over 600 ponzi schemes were running in West Bengal, till last year.
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