What are the typical prices for renting/buying a house/apartment/office space in India?
The typical prices for renting or buying a house, apartment, or office space in India vary greatly depending on the location, type of property, and other factors such as amenities, size, and age of the building.
In general, urban areas tend to be more expensive than rural areas. In major cities like Mumbai, Delhi, Bangalore, and Chennai, the prices for buying or renting a property are relatively high compared to other parts of the country. For instance, in Mumbai, the average cost of a 1 BHK apartment in the suburbs can range from INR 20,000 to INR 50,000 per month, while a 2 BHK apartment in the same area can cost around INR 50,000 to INR 1 lakh per month.
Similarly, the prices for buying a house or apartment in a prime location can be quite high, ranging from INR 50 lakhs to several crores, depending on the size and location. For instance, a 2 BHK apartment in a prime location in Bangalore can cost around INR 70 lakhs to INR 1 crore, while a similar apartment in Delhi can cost around INR 1 crore to INR 2 crores.
Office space prices also vary significantly depending on the location, amenities, and type of building. In major commercial centers like Mumbai, Delhi, and Bangalore, the rental prices for office spaces can range from INR 80 to INR 300 per sq. ft. per month, while in smaller cities, the prices can be lower.
Overall, it is important to research and compare prices based on your specific needs and preferences, and consult with a trusted real estate agent or broker to get a better understanding of the local market conditions.