New Delhi, April 11 -- "Ninety percent of all millionaires become so through owning real estate."

The above words - extremely popular in the modern real estate scenario - and widely attributed to American steel magnate Andrew Carnegie, emphasises the importance of ownership.

Taken at face value, the quote is not really about property hype. It is about ownership.

Through his words - Carnegie points out that wealth is often built through assets that compound, produce income, and can be financed over time, rather than through wages alone. Real estate fits that logic because it can combine leverage, rental cash flow, long holding periods, and the possibility of rising land value.

Carnegie's quote also has a notion of discipline embedded i...