I was in Delhi over Diwali. While there, I made a few enquiries about buying an apartment. Ten minutes and I knew that I had been pretty much priced out of the market. Apartment rates were 7000 rupees/sq foot in Gurgaon all the way up to 27,000 rupees/sq foot in Chanakyapuri.
That means that a measly 1000 sq foot 2 bedroom apartment perched on the 23rd floor in a non-earthquake-proof building would cost me 70 lakhs minimum in Delhi. That's 150,000 US$ or 225,000 SG$ which is what something similar would cost in Singapore.
Not too shabby for a country with a 25,000 rupees per annum/capita income!
That means that a measly 1000 sq foot 2 bedroom apartment perched on the 23rd floor in a non-earthquake-proof building would cost me 70 lakhs minimum in Delhi. That's 150,000 US$ or 225,000 SG$ which is what something similar would cost in Singapore.
Not too shabby for a country with a 25,000 rupees per annum/capita income!
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