Return to INDIA (R2I as they say) !! – Part 7
December 26, 2009 at 2:10 am 5 comments
What exactly do you get for INR 20K/month rental in Bangalore?
When I tried asking this question before coming here, the standard answer was …”well it depends you see“. I don’t blame them. It actually really depends. It depends on the city, location, amenities et al. But I don’t think it yet depends on the schools (like in the US). I was told that you should look at anywhere from INR 15K/month – INR 20K/month + monthly maintenance.
But then sitting there, you would still like to get an idea. My friend who is coming down here certainly likes to know. So here it is my friend and for all those of you who want to know, the details of a INR 20K house.
Disclaimer: This post is permanent, but not the rates. The below is valid only as of late 2009 and probably not valid for all areas of Bangalore. Certainly, you can get bigger houses for lesser here in Bangalore as of today. But then they would either be far away from your office or do not have the amenities which is the key here.
So here goes – 20K/month gets us ->
- a 3 BHK (Bed, Hall, Kitchen) apartment
- ~1300 Sq Ft
- Full power backup
- Gymnasium
- Billiards Room
- Creche
- Swimming Pool
- Tennis Court
- Badminton Court
- Basketball Court
- Squash Court
- 24-hour multi-level (At the gate and below each building) security
- 24-hour Electrician & Plumber attached to the building
- Amphitheater
- Easy availability of maids and drivers
- Laundry Facilities (Includes washing, dry-cleaning, ironing)
- Basement Parking
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| BangaloreRental |
Entry filed under: India, Return To India. Tags: Apartment, Bangalore, Rent, Rental Home, Return To India, sarjapur road.
1.
Chaitanya | December 31, 2009 at 10:24 pm
Ajith – For the same house, what would be the total purchase price? The rental comes to about Rs 15/sq ft what is the per sq ft purchase price for the same apartment
2.
AMK | January 2, 2010 at 10:50 pm
Chats – Not completely sure about this. But it’s around Rs 5500/sq ft. Close to 350 times the rental. What does our analysis say for this kind of ratio?
3.
Chaitanya | January 14, 2010 at 2:33 am
hmm, 350:1 is a bad bad ratio, suggests there isn’t going to be property management companies that purchases apartments and rent it out on mass scale (u know like in the USA). You are going to find only individuals renting out!….Also, if the market would be efficient, I would have expected most people with two homes trying to sell their second home as the property prices appear to be in a bubble (but who knows as the market in India is inefficient). So any idea that can make market efficient (like magic bricks or 99 acres) or a property appraiser company would make a lot of money in India (next idea for you)
4.
AB | May 28, 2010 at 12:46 am
Yor post with pics are really helpful. Thanks.We plan to relocate to BLR in July. I am reading about water shortage in different parts of Bangalore. Did you face any water shortage? Would you recommend certain residential areas that have less(?) water shortage issues?
5.
AMK | May 28, 2010 at 10:07 pm
Thanks for your comment. No not really. We didn’t face any water shortage yet. But can’t really make it a universal comment. But I also think that the water shortage would be limited to the single family houses and poor neighborhoods and not really in the affluent parts of the city.