I must admit that it's quite annoying that people just post a quick sentence and expect an answer as if people from this forum owe them one. It would be great if people could take some time to introduce themselves, ask kindly et.c but I guess it's too much to be expected isn't it?
Anyway, I'll try to answer your questions after this rant.
I don't know your definition of luxury but depending on what apartment you're going to rent, it's going to have some implications on the living costs, whether you get a maid or not, car rental or monthly insurance, and cost of living.
A "luxury" apartment will consume around half of that sum of money Monthly
A maid will cost you around Rs4-5k Monthly
Car Insurance will cost you around Rs4k-5K Monthly (mid range car)
Cost of living will be around Rs20k
It can be achieved....I would say but again it depends on your lifestyle.
Hope this clears your ambiguities