Rents in India compared to Asia
This is a comparison of median monthly rental prices in the most expensive region of the capital/most important city for a 1-bedroom apartment. The numbers are based on our in-house research.
| Singapore |
$ 3,800
|
| Hong Kong |
$ 3,175
|
| Japan, Tokyo |
$ 1,270
|
| Indonesia, Jakarta |
$ 975
|
| Thailand, Bangkok |
$ 953
|
| Georgia, Tbilisi |
$ 945
|
| Taiwan, Taipei |
$ 780
|
| Malaysia, Kuala Lumpur |
$ 770
|
| Philippines, Manila |
$ 730
|
| Vietnam/HCMC, Hanoi |
$ 670
|
| India, Mumbai |
$ 541
|
India launched Residex (India's house price index) in July 2007, through the National Housing Bank (NHB). Since Residex is relatively new, its methodology is being revised every so often. The eventual aim is to cover residential housing for 63 cities, before extending coverage to commercial property and land. At date of writing (early 2014) Residex covered 26 cities, with 2007 as base year. Residex is publicly available and can be accessed at the National Housing Bank's site. General economics statistics are from the Reserve Bank of India.