$10,000 a month to rent an apartment studio in Mumbai ! The shocking state of India's Real Estate Market
The Shocking State of India's Real Estate Market
By Nick Kapur | More Articles
January 13, 2011
Last month, I called the Taj Hotel chain, inquiring about the monthly rent for a tiny, 650-square-foot studio in a nice, corporate service building in the southern part of Mumbai. After reaching the booking agent, I was casually informed that the rate would be 4.5lacs per month, or 450,000 rupees -- or just over $10,000 per month.
|Building||BRs||Sq. Ft.||Rent in INR||Rent in USD||Rent x 200|
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