Who buys these luxury vilas- 4.5cr

[jpismahatma]

4 hours ago, ManOffSteel said:

I know a doctor who makes close to 1 crore a month on his hospital he owns in Kukatpally.. even after removing 30% for taxes he still makes 70 lakhs a month. Niloufer cafe owner in some interview told that his restaurant chain makes 200 crores in revenue per year combining all his locations. US lo koorchuni akkada media lo anti India propoganda chuskuntoo nammatam kante realize that India is the fastest growing economy in the world with 4+ trillion in GDP. Diamond and gold shop owners are minting money like crazy. Not everything is perfect or rosy but there are a lot of wealthy successful people in India. 

 

I am not doubting what you are saying.

what is doctor specialization ? per month 1 crore after expenses are gone as income ? even by american standards it is too much. how many doctors will be there like that ?

 

Niloufer cafe owner  - How many like that will be there ? they have to  commute too. Running restaurant is not easy. 

 

These may be not normal. Most of buyers are using black money  to buy homes costing above 4  cr in my opinion. 

Total 87 families above 1000 cr.

https://timesofindia.indiatimes.com/city/hyderabad/hyderabad-overtakes-bengaluru-with-104-of-indias-richest/articleshow/112907326.cms  

 

Even you multiply this number by 10 it will be 1k families. with net worth 100 cr [officially] .

Assuming 100 cr guy buying 25 cr vila. 

[BadKarma]

15 hours ago, HarshitaG said:

gone are those days, now its bangladeshi's dude. 

from bangladesh will account less than 1% of labor workforce  in southern states ... capenters , Marble.Tiles laying , painters  and other skilled works come from Rajasthan, UP, Bihar .. manual/unskilled  labor from Jarkhand, Orrisa, Jharkhand, MP , Chattisgarh...... 

[Vallavan]

13 hours ago, jpismahatma said:

 

I am not doubting what you are saying.

what is doctor specialization ? per month 1 crore after expenses are gone as income ? even by american standards it is too much. how many doctors will be there like that ?

 

Niloufer cafe owner  - How many like that will be there ? they have to  commute too. Running restaurant is not easy. 

 

These may be not normal. Most of buyers are using black money  to buy homes costing above 4  cr in my opinion. 

Total 87 families above 1000 cr.

https://timesofindia.indiatimes.com/city/hyderabad/hyderabad-overtakes-bengaluru-with-104-of-indias-richest/articleshow/112907326.cms  

 

Even you multiply this number by 10 it will be 1k families. with net worth 100 cr [officially] .

Assuming 100 cr guy buying 25 cr vila. 

no one has official numbers in india bro. my driver has one acre next to airport thats valued at 20Cr today. Family is farming flowers and he is a driver. There will be at least 10-20K families in a major city like Hyd/Blore worth more than 100Cr. You just will never know what your milk man is worth.

[ManOffSteel]

13 hours ago, jpismahatma said:

 

I am not doubting what you are saying.

what is doctor specialization ? per month 1 crore after expenses are gone as income ? even by american standards it is too much. how many doctors will be there like that ?

 

Niloufer cafe owner  - How many like that will be there ? they have to  commute too. Running restaurant is not easy. 

 

These may be not normal. Most of buyers are using black money  to buy homes costing above 4  cr in my opinion. 

Total 87 families above 1000 cr.

https://timesofindia.indiatimes.com/city/hyderabad/hyderabad-overtakes-bengaluru-with-104-of-indias-richest/articleshow/112907326.cms  

 

Even you multiply this number by 10 it will be 1k families. with net worth 100 cr [officially] .

Assuming 100 cr guy buying 25 cr vila. 

There are more than 10k families easily in Hyderabad or Bangalore each with net worth more than 100 crores. Assuming they will spend betwee 10 to 25crores for their house it is quite easy to have an area like Kokapet or Jubilee Hills.. tons of people have properties that they have inherited from their parents that are now in crores of rupees. You will not find an acre of land for less than 3 crores in West Hyderabad all the way till Chevella... Stock market valuations in India are also at an all time high. Old money through real estate and new money made through businesses are all poured into areas like Kokapet where a villa will be somewhere between 15 cr to 30 cr.. I am not sure why you are so surprised or you are assuming that all this money is only black. Infact big companies like My Home and Aparna are not taking any black payments not a days.