Even calling them ultra-luxury might actually be a misnomer. The apartments that Prestige Developers is putting up in liquor baron Dr. Vijay Mallya’s property in the heart of Bangalore will cost you a cool $ 4 million . Yes, you heard right. The figure is 4 million USD. Are there people around who can afford such apartments, you might ask. Sure, there are. Otherwise, Dr. Mallya wouldn’t be knocking down his ancestral bungalow to have such a complex built in its place.
The wealthy in India continue to grow more wealthy! According to Forbes magazine, the combined net worth of the country’s 100 wealthiest people grew to an astounding $ 300 billion this year. It was pointed out that this figure translates to a quarter of India’s GDP!!
We have demonstrations of wealth such as this on one hand and tales of poverty on the other. India is supposed to have fully one-third of the world’s poor. So the paradox that is India continues to astound one.
J Raman said:
In India poverty and richness cannot be defined. Both words are still in search of meaning since time immemorial.
Prem Rao said:
What a nice comment, Mr. Raman. Very thought provoking!
Premium aparments in Bangalore said:
The luxury apartments have became the normal in the heat of Bangalore most of the peoples will keep on visiting the places but few will buy it cause of the price tag on flat. The luxury apartment’s cost of living is high compared to normal flats.
As the luxury apartment cost is high compared to normal one. Peoples prefer to buy an normal flat but some will go for luxury segments hence here they will be some pain if the developers is not so much authoritative as per me search for the best onces.
Sterling Villa Grande said:
Luxury apartment segment is nice and it gets most of villas and luxury apartments are fantastic. Thanks for sharing.
Priya Kapoor said:
Buying Luxury Apartments is costly but people prefer to buy it, as apartments are so beautiful and attractive in their own. Normal people cannot afford to buy it but yes high class peoples are keen to buy the best and luxurious apartments.