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5,00,000 Crores?


wealthymattersIn Lutyen’s Delhi alone ,there’re potentially a thousand acres of land occupied by bungalows,MP residences,various offices and quasi-government entities.

An acre-sized bungalow in Lutyens Delhi sells for around Rs 100-150 crore.A thousand acres,even at the low end of the range,is Rs 1,00,000 crore.Slap on a big FSI and the number can go up by ten times.Even conservatively,at half the amount,we arrive at Rs 5,00,ooo crore.

-The back of envelope calculations are by Chetan Bhagat

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About Keerthika Singaravel
Engineer,Investor,Businessperson

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