What is the average cost for living in India??

#1 Jul 11th, 2006, 22:04
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  • katieb1981 is offline
#1
I have been thinking renting or buying a house in India, maybe in the Goa area. I have been looking on the internet and am having a hard time figuring out the average cost in US money, of how much it would be to rent in India. If anyone knows this please let me know, I have been trying to figure it out for a while. What would be the best travel agency to go through?
#2 Jul 11th, 2006, 22:32
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Property prices vary so widely that it is impossible to answer your question.

Here's a couple of sites I've been watching for buying, you could see what they have on renting....

99acres
PerSquareYard

Hope that helps.

Then the questions have to be asked: how well do you know India? Are you aware of the regulations and restrictions on property ownership? How about visa situation?
#3 Jul 12th, 2006, 00:56
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#3

Cost of living in India

Thank you for responding. I have only been to India once. That was in 2004. Other than researching the country and the one time I went there I don't know to much. That is why I'm glad I found this site. Maybe it will help me out. I figured the cost would vary alot. I am just curious if it would be affordable to live there, and if you rent an apartment or house do you make payments each month? I have know idea. lol. It's kind of hard to take the first step when you don't really know how to go about anything.
#4 Jul 12th, 2006, 00:59
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katieb1981,

do some searches on this site and you'll find very lengthy discussions on buying property in india. then you'll begin to understand the difficulties at hand, and probably be more keen on renting.
#5 Jul 12th, 2006, 01:19
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Hi Katie, I would definatley recommend you start by moving to India and renting a place first. You mentioned Goa - I guess what you want to do there, and the type of place you are looking for? Just as an example, i have a few friends renting in Goa, one in a mainly indian owned apartment complex near Calungute Beach - paying Rs5000 per month on a month by month rental, but has to be prepared to move out when the family that owns the apartment come for a visit from Bangalore - this apartment is fully furnished 2 bedroom, drawing room, kitchen, bath and terrace - no sea view, overlooking communal swimming pool. Another friend is renting a very large beautifully maintained portuguese colonial house, 4 bedroom, huge drawing room, detached bath, garden well - no running water in the house, big garden. This is on the outskirts of Mapusa and he only pays Rs2000 per month rent on a 12 month lease. So prices vary widely depending on quality, size, location, fit out etc.
#6 Jul 12th, 2006, 01:23
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There was recently a long and sometimes heated but ultimately informative discussion here about the feasibility of buying property in India, in particular Goa. The thread starts here:

Foreign owned property in Goa, (Part One)

I think it would be worth your while to read through the whole thing, tedious as that might sound.

Based on your posts, I think I can safely assume that you're just a regular "garden variety" American, not an Indian citizen or PIO ("Person of Indian Origin"), so for you buying property in India is probably not a realistic option, as you will find from reading about the Reserve Bank of India and Foreign Exchange Management Act rules in the the thread mentioned above. Plus, as is mentioned in the thread, buying property in Goa involves some unique pitfalls because of the unusually complicated nature of property ownership laws in Goa.

In addition to dealing with the rules restricting the acquisition of property by foreigners, you also have to consider what your visa status would be if you are hoping to "retire" to India or otherwise try to live there long-term, if that's why you are interested in acquiring property there. You can't just show up in India and expect to stay there indefintely, any more than a foreigner could do that in the U.S.! After all, India DOES have immigration controls, too! Even with the kind of 10-year multiple entry visa that Americans (lucky us!) can get, you are only permitted to stay in India for 180 days at a time. So at the very least, even with such a visa, you have to leave the country every six months, and then re-enter.

So unless you can qualify for some different immigration/visa status, e.g., because of employment, or marriage to an Indian citizen, or you happen to be a "PIO," India just may present more obstacles than are worth dealing with, particularly since you seem to have limited exposure to the place. The suggestion that you go there and try renting for an extended period to see how you actually like it seems like a good idea -- I would recommend that even if you were considering buying property in the U.S.! Frankly, from what I know about buying property in Goa, I wouldn't touch it with a ten-foot pole!
#7 Jul 12th, 2006, 01:31
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Quote:
Originally Posted by dilbharatmain Hi Katie, I would definatley recommend you start by moving to India and renting a place first. You mentioned Goa - I guess what you want to do there, and the type of place you are looking for? Just as an example, i have a few friends renting in Goa, one in a mainly indian owned apartment complex near Calungute Beach - paying Rs5000 per month on a month by month rental, but has to be prepared to move out when the family that owns the apartment come for a visit from Bangalore - this apartment is fully furnished 2 bedroom, drawing room, kitchen, bath and terrace - no sea view, overlooking communal swimming pool. Another friend is renting a very large beautifully maintained portuguese colonial house, 4 bedroom, huge drawing room, detached bath, garden well - no running water in the house, big garden. This is on the outskirts of Mapusa and he only pays Rs2000 per month rent on a 12 month lease. So prices vary widely depending on quality, size, location, fit out etc.
I am guessing Rs is rupees. I'm just trying to figure out in American money how much that would be.
#8 Jul 12th, 2006, 01:34
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Rs is Rupees - there is Rs50 to US$1 (I think at the moment.)
#9 Jul 12th, 2006, 01:38
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Reply

Thanks for all the information. I have been finding out alot today. I know nothing. I went to India 2 years ago and fell in love with the country. If at all possible I was wanting to rent a small studio apartment (no land) and possibly come 2 to 3 times a year staying for a month or so at a time. I'm not wanting to live there permently. I'm just trying to find out if that would be realistic or not. Please reply with more info on that.

Quote:
Originally Posted by dzibead There was recently a long and sometimes heated but ultimately informative discussion here about the feasibility of buying property in India, in particular Goa. The thread starts here:

Foreign owned property in Goa, (Part One)

I think it would be worth your while to read through the whole thing, tedious as that might sound.

Based on your posts, I think I can safely assume that you're just a regular "garden variety" American, not an Indian citizen or PIO ("Person of Indian Origin"), so for you buying property in India is probably not a realistic option, as you will find from reading about the Reserve Bank of India and Foreign Exchange Management Act rules in the the thread mentioned above. Plus, as is mentioned in the thread, buying property in Goa involves some unique pitfalls because of the unusually complicated nature of property ownership laws in Goa.

In addition to dealing with the rules restricting the acquisition of property by foreigners, you also have to consider what your visa status would be if you are hoping to "retire" to India or otherwise try to live there long-term, if that's why you are interested in acquiring property there. You can't just show up in India and expect to stay there indefintely, any more than a foreigner could do that in the U.S.! After all, India DOES have immigration controls, too! Even with the kind of 10-year multiple entry visa that Americans (lucky us!) can get, you are only permitted to stay in India for 180 days at a time. So at the very least, even with such a visa, you have to leave the country every six months, and then re-enter.

So unless you can qualify for some different immigration/visa status, e.g., because of employment, or marriage to an Indian citizen, or you happen to be a "PIO," India just may present more obstacles than are worth dealing with, particularly since you seem to have limited exposure to the place. The suggestion that you go there and try renting for an extended period to see how you actually like it seems like a good idea -- I would recommend that even if you were considering buying property in the U.S.! Frankly, from what I know about buying property in Goa, I wouldn't touch it with a ten-foot pole!
#10 Jul 12th, 2006, 01:39
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The plusses of renting...I have rented properties - mainly independant (small) houses, occassionally apartments. The great thing about renting, is that you get to try out different areas, you can take a rental on a month by month basis - or usually I have signed up for six months - I never had a land-lord insist to take a 12 month rental. Up till now I have rented on 6 month basis in Varanasi, Delhi, Chennai, Manali, Chamba, Vashisht, Pulga, Ahmedabad and Jaisalmer - so have been able to spend a bit of time getting to know something of the life in areas that have interested me. It is a good chance to move around and try out different places, and a great opportunity to meet with lots of differnt local people. Good luck with it.
#11 Jul 12th, 2006, 01:41
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< very much agree with dilbharatmain ^
#12 Jul 12th, 2006, 01:42
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Mostly what I have done is decided on an area that I want to spend time in, arrived there, find a room in a hotel, and then just put the word around that I am looking for a month by month property rental - tell everyone you meet - shop keepers, tailors, hoteliers, waiters etc - in every case, within a week to 10 days of arriving somewhere I have managed to find the perfect place to rent, and as I said, usually plan to stay for 6 months in one place, so take a 6 month rental, but usually everywhere landlords are willing to rent to you just on a month by month basis. My greatest deal was in Varanasi - river front apartment overlooking the Ghats and the Ganga for Rs700 per month - all time bargain!
#13 Jul 12th, 2006, 01:53
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Sooo, I would be looking at about 100 US dollars a month in rent give or take.

Quote:
Originally Posted by dilbharatmain Rs is Rupees - there is Rs50 to US$1 (I think at the moment.)
#14 Jul 12th, 2006, 02:08
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I think dilbharatmain's suggestion is great. Since your plan is to come to India a couple of times a year for only about a month at a time, renting would seem to be much better option than trying to buy something, even apart from all the obstacles discussed in the thread I mentioned.

For example, assume that you did own a property, would it just sit vacant when you weren't using it? Would you need someone to look after it in your absence? Property just sitting empty is an invitation to disaster anywhere in the world! If you tried to rent it out when you weren't using it, who would handle the logistics of that? It could be a nightmare. No, owning just doesn't seem like the right option for for you.

If you plan to stay for only a month or so at a time, as alternative to renting your own independent apartment, you might consider just staying in a nice guesthouse, because you can sometimes get a good rate for longer stays. If you were staying for two or three months or more, a rental might be a better choice, but for a stay of only month, especially for your first couple of trips back, a guesthouse might be a simpler, until you get a better idea of the "lay of the land."
#15 Jul 12th, 2006, 02:18
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  • Bollywood Crazy is offline
#15

Smile

Also I thought you had to live in india for at least 6mths before you could buy! I could be wrong things may have changed.

Here's a good website that will convert your dollars to RS.
http://www.expedia.co.uk/daily/resou...y/default.aspx

hope it helps you figure out what it costs....

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