India Insight

Real estate offers lure some Indian buyers

November 14, 2013

For around a year, Girish Kale was flirting with the idea of buying his dream house. His budget of 3.5 million to 4 million rupees ($56,000-$64,000) wasn’t going to work for Mumbai, where the kind of house the auto industry professional wanted would cost upwards of 10 million rupees.

Kale, who currently lives in a rented flat in Kandivali suburb, turned instead to Pune, a university city 150 kilometres away, with a plan to opt for a so-called 80:20 payment scheme. Such schemes allow the buyer to pay 20 percent of the property’s cost initially and the remaining amount on possession after construction.

Connaught Place: As ugly as it gets in Delhi’s expensive heart

March 13, 2013

(Any opinions expressed here are those of the author and not necessarily of Reuters)

U.S. consulate for sale, in India’s daily paper

September 13, 2011

For sale: a spacious, well-built Mumbai townhouse with beautiful views, well-heeled neighbours and one considerate, well-respected former owner.

from Summit Notebook:

A bubble in the real estate market?

September 27, 2010

INDIA-URBANISATION/Have you tried buying or renting a house in Mumbai recently? If so, then I won’t be surprised if you think real estate prices are plain expensive, and incredibly so. But that’s almost always been the case in India’s commercial capital. After all, when was the last time someone told you they got a cheap house in the city?