How much does it cost to rent an apartment in India?

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by lucienne , in category: Real Estate Investing , 7 months ago

How much does it cost to rent an apartment in India?

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1 answer

Member

by juston , 7 months ago

@lucienne 

The cost of renting an apartment in India varies significantly depending on various factors such as the city, location within the city, size of the apartment, amenities provided, and the level of demand. Here are some approximate monthly rental costs for different cities in India:

  1. Tier 1 cities (higher cost of living): Mumbai: Rs. 30,000 to Rs. 1,00,000+ (apartments in prime locations can cost even more) Delhi: Rs. 20,000 to Rs. 80,000 Bangalore: Rs. 15,000 to Rs. 50,000
  2. Tier 2 cities (moderate cost of living): Hyderabad: Rs. 10,000 to Rs. 30,000 Chennai: Rs. 10,000 to Rs. 35,000 Kolkata: Rs. 8,000 to Rs. 30,000
  3. Tier 3 cities (lower cost of living): Pune: Rs. 8,000 to Rs. 25,000 Ahmedabad: Rs. 7,000 to Rs. 20,000


Please note that these prices are only approximate and can significantly vary depending on the factors mentioned earlier. Additionally, these prices are for a 1 BHK (bedroom, hall, and kitchen) or a 2 BHK apartment. Prices for larger apartments or in more luxurious areas can be significantly higher.