Whether Buy or rent, everything is ridiculously inflated in India. I am currently negotiating 2000 sq. ft. of office space on 9th floor of a landmark downtown building, in a reasonable size town in Tx USA, for yearly rent of $ 14.50 per sq. ft. This includes HVAC, Electricity and 5 days of office cleaning. This would come out less than Rs 36-40 per month per sq. ft. appx. Compare this with Rs 100 or so for property being developed or already developed on NOIDA Expressway. On Expressway, there is mostly vacant land with small cluster of residential or businesses property.
In India, there is excess supply everywhere. Prices are artificially inflated. I expect a crash, so bad, which we have never seen before in Indian realty sector.
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