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
Georgia, Tbilisi $ 1,125
Indonesia, Jakarta $ 975
Thailand, Bangkok $ 953
Taiwan, Taipei $ 780
Malaysia, Kuala Lumpur $ 770
Philippines, Manila $ 730
Vietnam/HCMC, Hanoi $ 670
India, Mumbai $ 490

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.