Enjoy your life in small non metro towns or even in villages???? Where there's no Pizza Hut, no Dominoes, no swanky shopping malls, no multiplexes, no Baskin Robbins, and no chicks?? Jeeez!You must be from Laluland!!
Do you think..upper middle class can afford vacation abroad and club membership etc along with 60 lakh house EMI.....think again....
Dude, you really don't know India then. You think enjoying life means eating in Pizza Hut, Dominoes, shopping in malls, watching movies in multiplexes, and all these things ? Have you ever seen small town and village girls ?Enjoy your life in small non metro towns or even in villages???? Where there's no Pizza Hut, no Dominoes, no swanky shopping malls, no multiplexes, no Baskin Robbins, and no chicks?? Jeeez!
Well, have you attained the coveted Middle Class status? (I’m not talking about higher or lower middle class). It’s neither. Defining "middle class" remains a challenge, as everyone wants to be in the middle regardless of their income. Instead of focusing on just the money in your bank, let's take a look at the lifestyle benchmarks that define middle class status:
Home Ownership
Do you own a house whose value is between Rs 30 and 60 lakhs?
Automobile Ownership
Have a car that costs between Rs 4 and 10 lakhs?
Health Coverage
A health insurance cover of at least Rs 10 lakhs?
Children’s Education
Are your children studying in Public schools that charge between Rs75,000 and Rs 1 lakh per year as fees? Or studying in colleges that cost more than Rs 3 Lakhs per year?
Plasma/LED/LCD TV 32” and above.
TVs in all bedrooms and maybe the living room too with at least one DVD/Blue Ray player.
Washing machine/dishwasher/clothes dryer/computer/iPad or equivalent.
These needless to say are a must.
Eating Out
Do you spend approx Rs 2000-5000 on eating out every month?
Vacations
At least one vacation abroad in two/three years.
Tax
Do you pay income tax of at least Rs 20,000 per year? (Does not apply to tax evaders!)
Club Membership
Are you a member of a reputed club in a metro.
If you’ve achieved these benchmarks, then congrats! You’ve made it to the Middle Class Club! Next stop? The Upper Middle Class! All the best!
Cheers!
I bought two 2-bedroom flats in Perungudi, 6 km away on the outskirts of Chennai in 2005 for Rs 12 lakhs each as no one wanted to buy anything out there. After the 6-lane IT highway came up in 2008, the area developed into an IT hub with swanky shopping centers, hospitals et al. I sold them for Rs 50 lakhs each in 2010!! That's more than a 400% appreciation within 5 years!!!Just booked a 3 bedroom villa in DLF lucknow for around Rs.55 lakh and it is expected to multipy 4 times within the next 5 years
I bought two 2-bedroom flats in Perungudi, 6 km away on the outskirts of Chennai in 2005 for Rs 12 lakhs each as no one wanted to buy anything out there. After the 6-lane IT highway came up in 2008, the area developed into an IT hub with swanky shopping centers, hospitals et al. I sold them for Rs 50 lakhs each in 2010!! That's more than a 400% appreciation within 5 years!!!
Now if that was not a jackpot, then I don't know what is!
the rate of a single flat in royal palais worli mumbai is about 100 Crore............
Just booked a 3 bedroom villa in DLF lucknow for around Rs.55 lakh and it is expected to multipy 4 times within the next 5 years
If u have $$$ in India then there is no better investment than infrastructure
