Rent in Delhi: $2700 per month budget?

#1 Mar 8th, 2008, 02:23
Join Date:
Mar 2008
Location:
California
Posts:
9
  • jamesjones is offline
#1
Moving to Delhi in a few months. I've got $2700 per month to spend on rent, give or take. Most of my life will be spent in the South Delhi area. American wife and two young kids. What's the best use of my money in terms of locale and building type? I know if building type is personal preference, but not sure if houses above or below a certain $ become better or worse.

All opinions and advice welcome and appreciated.
Last edited by machadinha; Mar 8th, 2008 at 02:57.. Reason: adjusted title
#2 Mar 8th, 2008, 03:01
Join Date:
Jan 2005
Location:
yörp
Posts:
21,997
  • machadinha is offline
#2
At over one lakh (100,000 Rs.) a month for rent alone, I imagine you could pretty much do whatever you like.

But maybe I'm being overly optimistic, let others fill it in. What do you need some goofy board's free advice for anyway?
#3 Mar 8th, 2008, 03:16
Join Date:
Oct 2006
Location:
France
Posts:
391
  • Valini is offline
#3
WOW I wish I had that much per month full stop!!!!

You can find a really nice home with an army full of staff, guards, cleaner, maid, cook, gardener et all ... pay all of your bills and still have enough left over with that much in delhi!

Have fun!
#4 Mar 8th, 2008, 04:32
Join Date:
Mar 2008
Location:
California
Posts:
9
  • jamesjones is offline
#4
So, I feel like $2700 is alot, too. But, I keep hearing how unbelieveably expensive Delhi is for real estate. Some people act like $2700 will get me a palace, others say Delhi is so expensive that you need at least $3000+ to have a nice home in South Delhi.

I appreciate everyone's responses so far. Anyone have reasonable examples / pictures of what $2700 can get? The real estate sites see to go as high $7-10000!
#5 Mar 8th, 2008, 08:48
Join Date:
Mar 2005
Location:
Amsterdam
Posts:
1,136
  • Indojingai is offline
#5
Quote:
Originally Posted by jamesjones View Post So, I feel like $2700 is alot, too. But, I keep hearing how unbelieveably expensive Delhi is for real estate. Some people act like $2700 will get me a palace, others say Delhi is so expensive that you need at least $3000+ to have a nice home in South Delhi.

I appreciate everyone's responses so far. Anyone have reasonable examples / pictures of what $2700 can get? The real estate sites see to go as high $7-10000!
GK II or Hauz Khaz area will fit within 2700$. Not, if you're looking at Sunder Nagar, Janpath like places.
I need your clothes, your boots and your motorcycle.
#6 Mar 8th, 2008, 09:35
Join Date:
May 2007
Location:
New Delhi, India
Posts:
7,748
  • shashank.aggarwal is offline
#6
well with this amount you can afford to live a very luxurious life by Delhi Standards (in most of the posh localities)..

depends on what you are looking at..an Independent house OR 3/4 BHK flat..?
Foodiye - If you are looking for Indian Recipes and Eating out suggestions.
#7 Mar 11th, 2008, 02:53
Join Date:
Mar 2008
Location:
California
Posts:
9
  • jamesjones is offline
#7
My preference would be a standalone home with a little land such that the kids could run around a bit. Need to weigh that with the moderness / facilities provided by the home. My understanding is the Gurgaon may offer more 'western' or moden accomodations. Not sure what that really means or if it's true. All things being equal, my prefernce would be a home in South Delhi. Any examples of what my budget could afford?

Thanks again!
#8 Mar 11th, 2008, 10:54
Join Date:
Apr 2007
Location:
Aotearoa
Posts:
2,771
  • brownboy66 is offline
#8
hmmmmm......you have my sympathies - we went through this process about a year ago and it was quite an eye opener. We're a family of 5, working in south Delhi, etc.

When we arrived the office had engaged a couple of agents to look at properties. We had asked for something with 4 bedrooms, in South Delhi - but nothing too specific beyond that. They came up with over 100 properties - which then got cut down to about 40-50 which we then visited over 3 weeks.

We pretty much discounted the possibility of getting an independent house with a lawn on the first day. That sort of thing is hugely expensive in South Delhi (probably in the vicinity of 3 lakhs or more per month)? Basically you talking about one of the large, old houses which hasn't been developed yet - or something inside a compound. Chances are its mostly likely already occupied by a family with more wealth then either you or I could imagine - or its about to be knocked flat and replaced with a hotel.

If you want a house with a bit of land - then you're probably looking at a farm house out by the airport. Good size houses, good grounds - but of course you then have to fight the traffic into South Delhi. Also kind of hard on the family if they are going to school in South Delhi (are the kids school age, and where will they go)?

We looked at about 45 places over the 3 weeks of searching. We discounted any places that were hazardous or just plain dangerous (exposed high voltage wiring, open sewers, that sort of thing). Out of the 45 we saw maybe two apartments that were of a typical international type (i.e - that you find in say Bangkok or KL). We discounted those as well as the price was extortionate! BTW - I should mention that we aren't the fussiest people in the world. We live on a farm back home - and it ain't flash!

In the end we chose none of the properties on the list we had. By pure luck, another place turned up (a villa) that was a bit on the old side but had lots of room inside (nice basement area which is currently the play room - and the mostly heavily occupied room for the kids when its 44 degrees outside in summer). Its two blocks from the school and 4 blocks from work. No lawn (of course) - but it has a couple of small courtyards which means the car doesn't have to be parked on the street (another consideration). Most importantly the rent wasn't too bad.

If you have more specific questions about budgets, feel free to PM me (once you've accumulated enough posts). I can also give you some information about the fitout process (if you have to go through that).
#9 Mar 12th, 2008, 14:48
Join Date:
Feb 2008
Location:
New Delhi
Posts:
188
  • KateW is offline
#9
Prices are shooting up all the time. I think your budget is about a lakh, please correct me if I'm wrong. An apartment in Hauz Khas, four beds and bathrooms, a small balcony, has just gone for 2 and a half lakh.
Hauz Khas would be a good place to live with children cos of the park.

Good Luck
#10 Mar 12th, 2008, 15:01
Join Date:
Nov 2006
Location:
New Delhi & Himachal Pradesh (Shimla)
Posts:
5,765
  • puchoo is offline
#10
i would strongly recommend checking out Defence colony. Its located in the heart of South Delhi. The area is divided into different blocks..A, B, C , D etc....some are more expensive than the others with D being the highest i think. You could easily get a 3 bedroom / 4 bedroom place depending on the block you choose.

Def col in addition has a lot of parks...big ones..which gives enough space for the kids to play around and also means a very green colony.

Powercuts are next to non existent, has its own market (one of the best in Delhi with respect to food offerings)

Feel free to ask for any specific details if you wish. I live in Def Col as well.
#11 Mar 15th, 2008, 02:27
Join Date:
Oct 2007
Location:
Cambridge/New Delhi
Posts:
52
  • MrEd is offline
#11
Vasant Vihar is a pretty popular area for expats in the south of Delhi. There are some decent properties and some good amenities nearby (Cinemas, tennis courts, good schools, a decent shopping complex - Priya etc.).

I work for a guy there who I think pays around $2200 a month for a pretty nice 3 bed place with a small, walled garden. That said, I also gather that some people pay much more for properties in the area.

Good luck with the house hunt - I'm also currently looking for somewhere in the south, although my budget is approximately 7% of what yours is! That gives you an idea of the sort of disparities in the housing market in Delhi!
#12 Mar 15th, 2008, 15:11
Join Date:
Mar 2008
Location:
New Delhi
Posts:
24
  • Bundolo is offline
#12
Though $2700 is a lot of money but in some places of Delhi the rentals are too high. My suggestion would be to take help of some property sites like magicbricks.com; 99acres.com ; indiaproperties.com etc.
#13 Mar 17th, 2008, 07:22
Join Date:
Mar 2008
Location:
California
Posts:
9
  • jamesjones is offline
#13
Thanks to all who have replied. I have tried some of the websites, but there aren't very good pictures (that I've been able to find).

Next question:

Proximity to central Delhi aside, would $2700 get me a better flat in Gurgaon or South Delhi? By better, I mean space, cleanliness, power / water, etc.

Thanks again.
#14 Mar 17th, 2008, 09:44
Join Date:
Apr 2007
Location:
Aotearoa
Posts:
2,771
  • brownboy66 is offline
#14
hmmmm....without knowing specifically where in each location you would be - hard to say. South Delhi - I guess in general - suffers less power outages and water shortages compared to Gurgaon (something to do with the large number of govt ministries, politicians, and embassies in the area). Plus if you're in Gurgaon there would be the whole traffic commute thing to face each morning as well - and that's not likely to get better in the years to come.
#15 Mar 17th, 2008, 10:45
Join Date:
May 2007
Location:
New Delhi, India
Posts:
7,748
  • shashank.aggarwal is offline
#15
Quote:
Originally Posted by brownboy66 View Post South Delhi - I guess in general - suffers less power outages and water shortages compared to Gurgaon (something to do with the large number of govt ministries, politicians, and embassies in the area).
Not completely right...South Delhi in general is better than Gurgaon in power/water and transport. However the place you are staying in, is probably the best in country in terms of power and water.. and its just the ending of Central Delhi..
Reply

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Budget of £600 a month for a couple, is this enough? Feb 1st, 2008 23:02 4 3367 Packing Tips for India travel
Newbie traveler: 1+ Month 5000 USD Budget Mar 8th, 2007 22:58 14 2262 India Travel Itinerary Advice
Budget advice for a month in Southern India Sep 12th, 2006 20:38 2 2422 Tamil Nadu
Share Rent apartment New Delhi Sep 16th, 2005 20:08 2 2667 Delhi
Rent a place in Delhi for non-smokers. Dec 25th, 2004 07:07 0 1663 Delhi


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2018
Page Load Success