House-rich, cash-poor? Now get income for life
3 min read . Updated: 29 Dec 2009, 12:48 AM IST
House-rich, cash-poor? Now get income for life
It is the last solution for a retired person. But one that many, who are in the unfortunate position of being house-rich but cash-poor, are being forced to consider. The reverse mortgage product has been in India for more than three years now, but it is still in its early stages of development.
Also See Which Works? (Graphic)
Illustrations by Shyamal Banerjee / Graphic by Yogesh Kumar/Mint
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