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 |
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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%.
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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