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A stab at establishing real rental cost in India?


A stab at establishing real rental cost in India?

Last updated: October 16 2007
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  • A stab at establishing real rental cost in India?

    dear all. We hear unbelievable amounts of rumours in the Real Estate market in India. But between maintainance fees, hidden costs, carpet area/square ft area ratios etc, the market lacks true transparency. Therefore, in the interest of helping Everyone, I am trying to compile a table for all the top cities and suburbs (delhi, gurgaon, bangalore, whitefield, mumbai/navi mumbai, chennai, hyd, pune).

    For the table, i want to know what the full rental cost is (except for taxes). I suggest that for each city which we know, we write down information that we know (no guessing please), for different locations. I'll start with what i know about guragaon.

    Residential - Gurgaon / DLF

    A Class (known builder, full power backup etc) -
    2 bed = 20-25k permonth
    3 bed = 23-35k permonth
    4 bed = 35-45k permonth (little unsure of this)

    B Class = (no power backup but socitey/block of flats with security)
    2 bed = 10-20k
    3 bed = 15-25k

    C Class (no power backup, and a little further away)
    2 bed = 8-15k
    3 bed = 12-20k

    Commercial - Gurgaon /DLF

    A class building (cyber greens / global business park etc) Rs 125 sq ft + Rs 20 maintenace. 40-45% Super/carpet area. So total cost = Rs 265 /sq ft for carpet. Range is about 250-300 rs sq ft

    B Class building ( sector 44, A class in udyog vihar, sector road etc) = 150-250 rs sq/ft (Carpet area)

    C Class building (towards sohna road) = Rs 100-150/sq ft

    A class market = Rs 100-150 rs/sq ft (Carpet Area) (Galleria/Qutab/dlf market)

    B Class market = Rs 70-100 / sq ft (sector road, udyog vihar)

    C Class market = Rs 40-70 / sq ft (HUDA markets, individual properties in Udyog Vihar)

    Anybody have ideas about their own cities? I read somewhere that Nariman point is 350 rs/sqft, is that really treu, and is that for carpet area or Super area. I have also heard that big players like microsoft, genpact, convergys get completely different rates.
Have any questions or thoughts about this?