7 Crores+ Luxury Apartment in a Gated Community in Hyderabad

[Android_Halwa]

2 hours ago, Konebhar6 said:

If you send 

$10,000 (8 Lakhs INR) /month - 96 lakhs per year
6 yrs 3 months .. 6 Cr

Not including Interest, you need 6 yrs 3 months to payoff 6 Cr. I don't know how people are buying in Hyderabad. This is not affordable for an average NRI.

Ivevi NRI kone properties kaavu….NRI average scale 2-3 cr adi kuda patha illu ammi kothadi konadam…All these are mostly bought by local business guys. 

[VAAMPlRE]

9 minutes ago, Konebhar6 said:

These are good salaries and a lot of people are making this. But still they must have used their cash from savings.

If they are making 1.1 Cr. If we exclude tax and their expenses, lets say they save 50 - 75 lakhs per annum. Still it takes 7-10 yrs to pay off 6 Cr not including Interest if taken loan.

What about US houses payment them ? Will take around 7-10 years as well 

[Konebhar6]

1 minute ago, Android_Halwa said:

Ivevi NRI kone properties kaavu….NRI average scale 2-3 cr adi kuda patha illu ammi kothadi konadam…All these are mostly bought by local business guys. 

Agree. Okappudu most villas NRI's konevallu. Ippudu NRIs konakapoinaa, hot cakes la potunnai. 

[Konebhar6]

1 minute ago, VAAMPlRE said:

What about US houses payment them ? Will take around 7-10 years as well 

True. I am just doing that for comparison and saying how people in hyd are paying for these.

[praying]

Intha intha ratelu petti nayallu em panulu seatharo kuda cheppandi will try to go that route and earn more, e ❤️ dalo it valla em upayogam ledu amma

[JaiBalayyaaa]

2 hours ago, Konebhar6 said:

If you send 

$10,000 (8 Lakhs INR) /month - 96 lakhs per year
6 yrs 3 months .. 6 Cr

Not including Interest, you need 6 yrs 3 months to payoff 6 Cr. I don't know how people are buying in Hyderabad. This is not affordable for an average NRI.

Now, IT salaries in Kokapet are close to 1 crore per annum. 

[VAAMPlRE]

4 minutes ago, Konebhar6 said:

True. I am just doing that for comparison and saying how people in hyd are paying for these.

Agree but what I meant was life style these days same in US and India 

[JaiBalayyaaa]

Just now, VAAMPlRE said:

Agree but what I meant was life style these days same in US and India 

India lo pani vallu kuda dorukutaaru ga ikkada tho compare cheste

[VAAMPlRE]

2 hours ago, VAAMPlRE said:

India salaries are next level now, friend family moves to India after 12 years in US getting GC. Husband making 66L and wife making 48L. They bought villa for 6Cr cash payment 

 

3 minutes ago, praying said:

Intha intha ratelu petti nayallu em panulu seatharo kuda cheppandi will try to go that route and earn more, e ❤️ dalo it valla em upayogam ledu amma

 

[VAAMPlRE]

Just now, JaiBalayyaaa said:

India lo pani vallu kuda dorukutaaru ga ikkada tho compare cheste

Yes and better food but pollution and corruption worst 

[MysoreJackson]

Most of the people(90%) buying these luxury apts fall under these 3 categories 

- People who came to US early like 2000 and invested solidly in Indian real estate

- Properties(real estate) inherited from previous gens  

- Doing mass business like buying cheap from China and selling in India

 Only 10% from regular jobs in US/ high paid jobs in India 

 

[praying]

17 minutes ago, VAAMPlRE said:

 

 

Incle uvvu earning acheppav gani karchulu cheppatledu, you are making it sound like all the earnings go directly to savings

[VAAMPlRE]

3 minutes ago, praying said:

Incle uvvu earning acheppav gani karchulu cheppatledu, you are making it sound like all the earnings go directly to savings

I didn’t say that bro anywhere go back read my replies 

[Konebhar6]

10 minutes ago, MysoreJackson said:

Most of the people(90%) buying these luxury apts fall under these 3 categories 

- People who came to US early like 2000 and invested solidly in Indian real estate

- Properties(real estate) inherited from previous gens  

- Doing mass business like buying cheap from China and selling in India

 Only 10% from regular jobs in US/ high paid jobs in India 

 

I saw a trend in Hyderabad. A lot of retail shops selling branded clothes (Probably seconds or fake) in showroom style for very cheap. Like Burberry, Polo Ralph Lauren, LAcoste, Gucci, Armani for like 800-1200 INR. They source these for very cheap from Vietnam, Combodia and Bangkok. They are making a killing, ppl have craze for brands. 

[surfroshan]

6 hours ago, tamuhardreturns said:

 

looks very basic better to buy/build a house instead for such a huge amount