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India: House Prices, Rents, and Rental Yields

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Last Updated: Apr 29, 2008

India yields still very poor at 3.9%

Last Updated: Apr. 29, 2008
SOUTH MUMBAI 1 - Apartments COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
75 sq. m. 778,800 2,504 3.86% 10,384 33.39
120 sq. m. 1,369,560 4,592 4.02% 11,413 38.27
180 sq. m. 2,435,400 8,451 4.16% 13,530 46.95
250 sq. m. 3,989,500 11,790 3.55% 15,958 47.16
NEW DELHI 2 - Apartments
150 sq. m. 592,350 1,998 4.05% 3,949 13.32
270 sq. m. 1,020,870 3,866 4.54% 3,781 14.32
BANGALORE 3 - Apartments
120 sq. m. 98,160 402 4.91% 818 3.35
250 sq. m. 262,500 n.a. n.a. 1,050 n.a.
1 Nepeansea Road, Malabar Hill, Cuffe Parade, Altamount Road, Breach Candy, Churchgate, Carmichael Road, Warden Road
2 Jor Bagh, Golf Links, Greater Kailash, Defence Colony
3 Whitefield, JP Nagar, Palace Grounds, Old Madras Road, Brigade Road, Cox Town, Ulsoor
Source: Global Property Guide

Gross rental returns on apartments in South Mumbai have not improved, sitting at 3.9%, with a regular 120-sq. m unit generating a yield of 4.02%. Average apartment price increased to US$12,821 per sq. m, at almost US$4M for a 250-sq. m unit.

New Delhi and Bangalore apartments are much cheaper at US$3,865 and US$934 per sq. m, respectively. Yields, however, are slightly higher above 4%.

 

Your Comments

posted by Miriam Dorn | 2007-07-18

Fundmanager, Germany

This is a very good schedule for an ovrview. Could you please tell me to which date the figures refer to?

posted by amitd | 2008-02-11

delhi

Figures for delhi do not match. For example, for 180 sq m apartment in New Delhi city center, "to buy" price should be $3263*180=$587,340

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