Posted on: 21-02-06 00:37:37
They say India is a poor nation and 75% Indians live @ USD 2 day wages !!!
Wonder where all this money comes from ??
Is it the parallel unaccounted for economy which hides the icebereg of a giant India is ??
Manasvi.
I am from a small city Amritsar, well famous for the Golden Temple.
There is no IT company, no MNCs etc. In housing like the rest of India it has always been green.
Many I know have become crorepatis just through real estate. A house of 200 sq yard in the central location would cost roughly 60-70 lakh rupees. In small cities of Canada you can buy a much bigger house with this amount. Many people in my city own more than one house. And 99% of them don't know what mortgage is. Imagine the financial freedoom of such people. And in the west I have yet to come across a person who owns a house that is mortgage free.
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shanti shanti
Hello Morning Rain ji /shankaracharya ji ,
I just wanted to know how much Income Tax is levied on income in Calgary, Alberta?
Can anybody in Calgary help me with this info? Is this tax levied on income through odd jobs too??
Regards,
ms
Dear Mrs.Ms,
I live in the city of Mississauga which is in the province of Ontario.
I do not know much about alberta.
But one thing I can say is all income are taxed, until you get something in cash.
In Ontario your take net on hand after all taxes of GST, PST, Income Tax and blah, blah is around $0.47 per every $1.00 earned. I think you do not have PST in Alberta and may be you would take home more.
I'm basically from Chennai, and I lived for 4 years in Mumbai and the only time I found Mumbai uncomfortable was in October when it was really humid. In comparison to Chennai, Mumbai was much more comfortable as the sea breeze would set in during evenings of the summers.
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Speech by Thomas Friedman of The New York Times....
"When we were young kids growing up in America, we were told to eat our
vegetables at dinner and not leave them. Mothers said, 'think of the
starving children in India and finish the dinner.' And now I tell my
children: 'Finish your maths homework. Think of the children in India
who would make you starve, if you don't.'"
Quote:
Orginally posted by shankaracharya
To:
Hence my question to you is How is real estate market in Mumbai now a days. How much would it cost for a 2 bedroom Apartment in areas like Borivali, Kandivali, Malad now a days?
In thakur village the rates are 3100 / sq feet. This is the least rate and valid for b-grade builders. For A grade it will be 3400-3500
You can get 2 BR from 800 Sq ft onwards- super built area.
Property mkt is too hot.. buy now or will be too late as it might then stabilize at somewhere around 4000 / sq foot
Dips
I am a family of 3 which includes my 3 yrs old daughter. We are about to move to Mississauga. Can someone please tell me what are the day care expenses in Mississauga?
I believe the rent is around 800$ for a decent 1BR apartment, right?
Quote:
Orginally posted by Manasvi
They say India is a poor nation and 75% Indians live @ USD 2 day wages !!!
Wonder where all this money comes from ??
Is it the parallel unaccounted for economy which hides the icebereg of a giant India is ??
Manasvi.
Right now the economy is booming like anything.
Stock market is touching Sky. One reason for property price to go high is stock market. Stock Market has generated profit of more than 1 lac crore this year. this money is pumped in property so demand is more.
Secondly salaries has gone high. The IT salaries are considered less compared what people are getting in Banking, financial services.
Low housing interest rates. Though the RBI has increased the rates to control the hot economy to reduce inflation
and ofcourse parallel economy.....
