Returns From High End Apartments
October 16, 2014 Leave a comment
For Whom Wealth Matters
October 16, 2014 2 Comments
For a discerning buyer looking to acquire a luxury pad in Mumbai, Vithal Nagar Co-operative Housing Society in the suburbs may not sound like a great address. But, what if this is where Bollywood superstar Amitabh Bachchan’s Juhu bungalow Pratiksha is located? That information is certainly going to draw in several loaded home buyers. Because of Bachchan’s presence here, the location has turned into a prestigious one.Residents take pride in being part of this address. Prices are higher as it is counted as a prominent address.
Apartment prices at Anuradha Satyamurthy Residency, the seven-storey building that shares the compound wall with Bachchan’s bungalow Pratiskha, are around 20% higher than other buildings in Mumbai’s Juhu area, home to several Bollywood stars.Builder KV Satyamurthy converted his bungalow, built in 1962, into this high-rise apartment in 2001. He has retained two top floor terrace apartments for himself, and sold the other five that fetched him nearly 20% premium, and still continues to be hot property. Read more of this post
October 14, 2014 1 Comment

China has now overtaken the US to become the world’s largest economy, according to the International Monetary Fund.
The method used by the IMF adjusts for purchasing power parity, explained here. The simple logic is that prices aren’t the same in each country: a shirt will cost you less in Shanghai than San Francisco, so it’s not entirely reasonable to compare countries without taking this into account. Though a typical person in China earns a lot less than the typical person in the US, simply converting a Chinese salary into dollars underestimates how much purchasing power that individual, and therefore that country, might have. The Economist’s Big Mac Index is a great example of these disparities.
So the IMF measures both GDP in market exchange terms, and in terms of purchasing power. On the purchasing power basis, China has overtaken the US and become the world’s biggest economy.
By the end of 2014, China will make up 16.48% of the world’s purchasing-power adjusted GDP (or $17.632 trillion), and the US will make up just 16.28% (or $17.416 trillion).However,it’ll be some time yet until the lines cross over in raw terms, not adjusted for purchasing power. By that measure, China still sits more than $6.5 trillion lower than the US, and isn’t likely to overtake for quite some time.
October 11, 2014 Leave a comment

If Indian politics in all its colours is your thing, welcome to my new blog PoliticalObserver.in
If fact,if you feel politics is not really your thing, just visit PoliticalObserver once. Who knows? Maybe I’ll convince you that politics is as much fun as finance!And I promise to try and keep you entertained.