Originally posted by: surabhi01
Pune mein one of my relative bought 3 crore wala Ghar and he is paying EMI 3 lakh per month
Yes so this is real.world ki jahan pe 3 crore ke aagey 10 lakh ki koi koi value nahi hai
Regarding 3 crore home loan to get 1 crore home loan your salary should be 1.5 lakh minimum salary per month
For 3 crore loan you must get salary of 4.5 lakh per month that only a VP in Infosys/accenture can get with 25 years exp. Like to pay 3 lakh EMI person salary cannot be less than 5 to 6 lakh per month salary only than loan approved. Also many other criteria are there to give such huge loan and a certain percentage down payment person must do like 10% means 30 lakh
If your cousin is 25 years exp and getting almost 5 lakh salary per month to pay 3 crore EMI good for him or her
But hardly 0.25 lakh people in corporate get that kind of salary in entire india in corporate in any sector across full india of 140 crore ppl
So do not say that 10 lakh has no value etc. 125 crore people in india can never see 10 lakh in this life time ever. The remaining 5 crore, 4 crore cannot have 10 lakh in bank at a time as the monthly expenses for house and children all money will go off.
You have to go outside in corporate and outside world and deal with ppl to know reality of who owns that kind of money you are saying on hear say i think. Covid has wiped out 50% of wealth or money many ppl had in banks or home as hospital money was so high.
During covid ICU charge for one day was 50,000 to 80,000 per day in bangalore/mumbai/hyderbad. If a person gets serious at home you can easily spend 20-40 lakh in one month during covid for hospitalization. Many insurance rejected covid admission bills so ppl paid out of pocket. If all had 10 akh in bank crores would not die in covid at home or on roads. Many ppl who were serious or had low oxygen were sent back by hospitals as they said they cannot afford covid admission or ICU charges so they were sent home and died at home. If they had 10 lakh and its nothing maids too have it than all would be saved no crores would not die for lack of money and ICU care or oxygen. Only super rich could pay and survived that too only if they got beds in good hospitals with exp docs.
Read below tax how many get 10 lakh per year
https://www.financialexpress.com/money/crorepatis-in-india-how-many-earn-up-to-rs-1-crore-income-and-more-in-2022-2626010/
https://www.moneycontrol.com/news/business/personal-finance/indias-household-savings-hit-50-year-low-easy-tips-to-boost-your-savings-11866361.html
Edited by myviewprem - 1 years ago