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How wealthy is someone with 30 crore viewed as in India?

How wealthy is someone with 30 crore viewed as in India?

  • I know someone who has invested 20 core of his 30 crore rupees, I think approx. $5 million dollars in India. How wealthy is someone who invests that much money viewed as in India? How wealthy are typical business men in Mumbai? Has the cost of living in India shot up to unbelievable lengths, in other words the distance between the rich and poor is more noticeable now than ever? I've seen several Indian movies and even people with 10 lakh appear to have a good living. Houses in the most expensive real estate zone in India, Chandigarh, cost about 4-5 crore in sector 11. Please, I'm very curious!

  • Answer:

    Follow this link: http://in.rediff.com/money/2006/jun/21rich.htm This report of one and a half years back is estimating 86,000 millionairs in India. By now, in another 18 months, you can expect it has gone up by 40%. The BSE Index was at 15000 in June 2006, now it's touching 21000. So the latest estimate could be about 1,20,000 millionairs in India. So your friend would be one among the 120 thousand people who belong to the upper segemnt of the economic strata. For your information, Chandigarh is not the most expensive real estate zone in India...most expensive is the Waterfronts in Mumbai..a recent transaction of an appartment at NCPA in Mumbai was done @ Rs. 96,000/per sq.ft. Do you need more info, you can add specifics to yor questions.

Belyzel4 at Yahoo! Answers Visit the source

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i small cities, you are a wealthy person.. but in cities like mumbai and delhi, its normal for High networth people to have around 30 to 50 cr

Handy

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