Housing in Mumbai

[utraash]

What's that like? I seen a couple of videos and heard from people who visited, it's a good seaside city, the pollution isn't crazy like Shanghai yet.

I plan to visit sometime either during this year Christmas or early next year.

But what I'm wondering is, what's the apartment prices like? Compare it to Vancouver?

Anyone know any good websites? Reputable in English?

Its a waste of money to live on rent..... a gud 1bhk house minimum cost 16k across Mumbai except sum areas..even in a gud PG can cost u 12k here...... every company here in india do provide company leased accommodation in case of mumbai..... ....

 

[bornmoron]

damn you are right. But then again, I do intend on staying in India for about a year, the question is can I keep my place once I leave and only comes back once or twice every few years.

What about if I incorporate a company and just place my property under that.

That shall depend on the person who ll lease the house,,usually agreements are done for 11 or 22 months.

 

[surya kiran]

damn you are right. But then again, I do intend on staying in India for about a year, the question is can I keep my place once I leave and only comes back once or twice every few years.

What about if I incorporate a company and just place my property under that.

@DRAY

I do plan on staying for a year, mostly work and travel, for fun. More for fun than work, though that is a part of it. I want to buy a place, because I heard Mumbai is good, and that the prices are always rising, so that if I buy one when I get there and sell it a couple years later, I may get a free trip out of it plus cash to spare with the difference in price.

@Arya Desa

yea, it's true, if my parents are any indication, yea. Put money in a bank, the interest rate is negligable, buy a house, it will double in a decade or so, and you can rent it out in the mean time, there is also no property tax.

Though there is all kinds of restrictions on buying now days.


BTW, more freedom for property ownership in China than in India, weird isn't it.

1. If you are going to work in Mumbai, pick a place near your place of work. If you are able to tell the location of your potential office, can recommend good areas.

2. You can buy property in India through a company, if the project office branch has been approved by the RBI. But, since your are from China, Chinese nationals require special permission from the RBI for purchase of immovable property.

3. The purchase price of a 1,000 sq ft house can vary from USD 250,000 in the distant suburbs to USD 500,000 to USD 1 MN in Central Mumbai to the sky in South Mumbai.