How much Indian salary would make u return?
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I put the 1 crore number (250K) assuming it will be used to put as downpayment for a house. That is in HYD.
According to him 1 cr MINIMUM is required for good housing in that city. Its more for other cities. Bangalore>Gurgaon>Mumbai being the most expensive.
He says if i want to go to mumbai a decent house (i mean apt) will be 3 crores atleast.
I got a email from a construction company a couple of months ago. They are building two, 50 storey apartments from 1100sqft to 1800sq ft. Price from 4cr to 16crores.
EMI in India for a home loan of 1cr is between 75K and 80K INR/month.
Once i have the downpayment on home i can afford other luxuries.. It was never meant to go into a GIC
check these listings:
Posh Area of Mumbai
Location : Peddar Road, Behind Mafatlal Bunglow. Ref ID 52718
Beds : 3 BHK Area : 1100 Sq. ft.
Price : Rs.65000000/- PSF : Rs.59090/-
Condition : Semi Furnished Floor : 4th Floor
Average area
Location : Santacruz West, Near Saraswat Colony Ref ID 47515
Beds : 3 BHK Area : 1150 Sq. ft.
Price : Rs.32500000/- PSF : Rs.28260/-
Condition : Fully Furnished Floor : 4
Description: Family sitting and dining room + study and library room with open terrace. Open parking available.
Cheap area but still in the city
Location : Borivali East, Siddharth Nagar Ref ID 53197
Beds : 3 BHK Area : 1175 Sq. ft.
Price : Rs.11000000/- PSF : Rs.9361/-
Condition : Fully Furnished Floor : 3
Description: Purely residential complex with all modern amenities. Walking distance to School, College, Theater, Banks, Thakur village, Kandivali East . It is a fully furnished 3BHK flat with large compound & Children s play area Open parking available.
RE is expensive.
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Live and Let Live
Quote:
Originally posted by pratickm
You have to balance that with factors like safety, access to doctors/hospitals, resources such as entertainment, libraries, etc.
There you go
... specially Doctors/HospitalsFIDO, look what you did ... again
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Mumbai Maazi Ladki ...
Quote:
Originally posted by pratickm
Quote:I'm not so sure....inflation is running at > 12% in India.
Originally posted by web2000
If 10% (I assume it per year) return is guaranteed then it is amazing.
That's the govt. reported number.
Reality is often higher, so let's assume between 15% to 20%.
At 10% annualized RoR, your capital is being eroded by inflation.
Bank-secured deposits like savings accounts, fixed deposits, etc. are always designed to track at, or just below, inflation in most countries.
So they are almost guaranteed to erode capital over periods of time.
Quote:You are making an assumption that you will be able to secure cheap, yet comfortable, housing.
This means (100,00000*0.1) a year (approx Rs. 80,000 per month) will be enough to live luxurious life in a small town. Why to struggle in metros if no need to do a job.
If you have ancestral property in a village or small town, then this makes sense, but if not, how do you plan to afford comfortable housing?
Property valuations in India, even in smaller towns, are in the stratosphere.
You have to balance that with factors like safety, access to doctors/hospitals, resources such as entertainment, libraries, etc.
I don't think Rs. 80,000 a month can provide that type of lifestyle including housing for too much longer.
The point of inflation is good to know. No problem with housing. Already have house, then I assume Rs 80,000 per month without doing anything is not bad. This income is almost equal to 2 gazetted officers in India. Can I have equal guaranteed return in Canada with that much money?
Hey guys,
I am surprised by all your talks, Return on investment ( ROI ).
The returns are much more than i said in my previous post.
You need to have good advisors, Mutual funds and fixed return deposits will be option.
There are few funds for me which has generated more than 100 % in 3 yrs.
A man who is having more than crore in India will not slog doing labour jobs here.
Location: Western Hemisphere
Posted on: 14-10-10 19:33:43
Quote:
Originally posted by chcool
There are few funds for me which has generated more than 100 % in 3 yrs.
Do you mind sharing the name of one or two of those funds? Thanks.
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Dimple2001
Quote:
Originally posted by dimple2001
Quote:
Originally posted by chcool
There are few funds for me which has generated more than 100 % in 3 yrs.
Do you mind sharing the name of one or two of those funds? Thanks.
Sundaram select midcap, Reliance NRI Equity fund gave me very good returns.
The first one i invested when the price was 60 rs, now it is 170 rs.
The second one i bought at 10 rs, now it is 44 rs.
But you need to have correct advisors to play in this market.
Location: Western Hemisphere
Posted on: 15-10-10 08:14:16
Quote:
Originally posted by chcool
Sundaram select midcap, Reliance NRI Equity fund gave me very good returns.
The first one i invested when the price was 60 rs, now it is 170 rs.
The second one i bought at 10 rs, now it is 44 rs.
But you need to have correct advisors to play in this market.
Thanks for the info.
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Dimple2001
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