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
posted by Big V | 2008-05-14
Always Right, San Jose, CA, United States
Yup, looks like India has a good, old-fashioned housing bubble, just like everywhere else. Here in the US, landlords were bleeding money every month just to keep their rentals. But now, they're not bleeding money any more. They're just losing their houses to foreclosure and letting the bank take losses of 25-50%. It will only get worse from here, so whatever you do, don't buy a house. Just rent!