We want LI to be one of the friendliest places on the internet, where lawyers and law students help each other with their career related queries and occasionally discuss other stuff that might affect their lives too. In other words:
1. Be kind, respectful and helpful to each other.
2. Be bona fide, truthful, genuine and curious.
3. Assume the best intention of others.
Therefore, in using the site, you must agree to do your best to uphold these community guidelines.
Note that what you find here is written and moderated by anonymous people on the internet.
Therefore everything you read here is very likely unverified, rumour, speculation and/or downright false.
In continuing to read anything here, you must therefore agree not to take anything you read here as factual and that you will exercise due caution, diligence and common sense before acting on any information you may come across here.
You also agree to report any inaccurate or malicious comments with the buttons. Moderators take action within 24 hours, as required and appropriate under law.
Our full terms and conditions apply too.
Do you solemnly agree to all of the above?
Let's just do the honourable mentions:
- The KCO guy is not a partner or a lawyer.
- The 3x figure literally got pulled out of thin air. Luxury properties do not work like that. Kolkata, contrary to popular opinion, still has a crap ton of millionaires and billionaires. Many times luxury properties in all three cities: Delhi, Mumbai and Kolkata address the same pool of people, who own not one of these properties but multiple in these cities. Which is why your 3x figure was way off.
- Similarly, your property appreciation calculation is also quite wrong. 5.6 to 6 cr. is an inaccurate estimate, (a) because this is an unfinished property, and (b) because an appreciation of an average of 6% would put it at 7.5 cr.
- Then, who in the world thinks the Trump brand is prestigious? Even in the US no 'who's who' lives in any Trump property.
Why do clients meet you in your house? Doesn’t Khaitan Kolkata office have a conference room? Genuine question as I don’t know how small the office is.
"I will get all the white-glove services. I am a professional; people who come to meet me are from high-class society."
The article says he paid a mere $ 700,000 (5.6 cr approx) for his apartment in 2019. Let’s assume that to be 6 cr now. And since Mumbai and NCR are more expensive than Kolkata, let’s multiply by 3. So that means you could get a Trump Tower flat in NCR or Mumbai for 18 cr. In fact, I googled and saw that 99 acres and Magic Bricks have a much lower range: 10-20 cr for a pad in Trump Tower Mumbai. Just 10 cr for the cheapest one!!! 🤩🤩🤩
These amounts are much less than the 100 cr one would pay for DLF Camellias or some of the luxury apartments in Mumbai. And they are easily affordable for T1 law firm partners, many of whom are already buying apartments for 15 cr which don’t have a prestigious brand name like Trump.
So could Trump Tower then be the right fit for law firm-ites? Frankly, it’s baffling why Trump is charging so less, because it’s a prestigious international brand unlike DLF.
https://www.nytimes.com/2024/12/09/business/trump-organization-india.html
https://www.msn.com/en-in/money/topstories/india-s-luxe-preferences-a-boon-to-trump-s-biz/