Apartment rental expectations in Koregaon Park?

#1 May 21st, 2011, 07:07
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  • pamier242 is offline
#1
Hello,

I am considering a move to Pune from Calfornia and I would like to receive some input as to what I could expect to pay for a very nice, furnished apartment in Koregaon Park.

My prospective employer assures me that I will be "very comfortable", but what sort of money should I expect to realistically pay for a very nice, modern place?

Is 20,000 realistic, or should I consider something like this costing more toward 30 or 40,000?

Thank you!

Billy
#2 May 21st, 2011, 15:00
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  • patilsushant001 is offline
#2
Koregaon Park and surrounding areas like Kalyaninagar are popular among foreigners. That makes it kind of high profile place and expensive. Now, the rent of the apartment will be certainly on upper side. It would depend on how big apartment you want to go for. I guess, 2 bhk apartment would cost you around 15-25 thousands depending on the locality.
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#3 May 21st, 2011, 16:47
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#3
Quote:
Originally Posted by patilsushant001 View Post Koregaon Park and surrounding areas like Kalyaninagar are popular among foreigners. That makes it kind of high profile place and expensive. Now, the rent of the apartment will be certainly on upper side. It would depend on how big apartment you want to go for. I guess, 2 bhk apartment would cost you around 15-25 thousands depending on the locality.
I would say do not go with 15K INR in mind because -
1. You would be seeking a furnished apartment
2. You are a foreigner
3. You planning to stay in the costliest localities.

25 K should be a fair amount for a good apartment in a good locality.
If you get a deal for lesser you would be happier.

Also one think which I have been adding to every such query is look into your companies classifieds. Lot of good options are available in your own organization and you can crack a deal.

Note- keep in mind additional costs like electricity bills, internet connections, phone bills, society maintenance charges etc. a 15 K basic rent will go to 25 K in minutes when you consider the additional expenses.
#4 May 21st, 2011, 23:56
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#4
Thank you so much! It sounds like I should probably place myself in the 25-30k range for a furnished 2 bedroom flat to ensure that I am VERY comfortable. It will be my first time in India and I would like to bring a close friend for companionship. I've relocated several times and have found that if the home is comfortable, the stay is comfortable.

I am very lucky to be in a place where I can demand the salary that I want. Would 5 million rupees per year allow me to live an extremely comfortable life there? I will also require a car and driver and I want to travel as much as possible. The culture and history of India is very intriguing to me.
#5 May 22nd, 2011, 12:41
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#5
Quote:
Originally Posted by pamier242 View Post Thank you so much! It sounds like I should probably place myself in the 25-30k range for a furnished 2 bedroom flat to ensure that I am VERY comfortable. It will be my first time in India and I would like to bring a close friend for companionship. I've relocated several times and have found that if the home is comfortable, the stay is comfortable.

I am very lucky to be in a place where I can demand the salary that I want. Would 5 million rupees per year allow me to live an extremely comfortable life there? I will also require a car and driver and I want to travel as much as possible. The culture and history of India is very intriguing to me.
With 5 million a year salary - Raise the bar of standards of living. With that pay you could negotiate a high end furnished apartment to be provided by your organization OR you will require to spend around 50 thousand + for a well furnished apartment/villa etc.

The pay is good or rather very good for a luxurious stay for you and your friend.
#6 May 22nd, 2011, 15:32
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#6
I think you should negotiate a higher package - working in india involves a great deal of discomfort and a hardship allowance is thrown in.

I would say take about 7.5 million rupees a year and ask for a villa with a pool and barbecue ( many available along the coastline of chennai ) . would be great to send home pics and have them envious and would be very handy when family and friends come visiting. before you move to chennai , fly down and pick your villa.

thus, choose a villa of your choice and let the company pick the tab; this way you are not involved in the rental rate fluctuations.
#7 May 22nd, 2011, 19:01
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Originally Posted by triguna View Post I think you should negotiate a higher package - working in india involves a great deal of discomfort and a hardship allowance is thrown in.

I would say take about 7.5 million rupees a year and ask for a villa with a pool and barbecue ( many available along the coastline of chennai ) . would be great to send home pics and have them envious and would be very handy when family and friends come visiting. before you move to chennai , fly down and pick your villa.

thus, choose a villa of your choice and let the company pick the tab; this way you are not involved in the rental rate fluctuations.

I think the OP is looking forward for Pune. Where did Chennai and its Villa's come into picture?

And the negotiation from 5 to 7.5 is almost 150% raise which no one would be able to justify without knowing the profile and qualification of the company offering and the person joining - respectively.
#8 May 23rd, 2011, 16:15
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#8
sorry , must have been thinking in multiple dimensions ; pune it is.

the raise is fifty percent - by 2.5 m ( half of the original 5m).

well, villas with pools are common on the coast of chennai ; in pune ?

I doubt there are any houses like those in chennai along the coast from besantnagar to almost mahabalipuram.

in pune some swanky apartments in koregaon park. however, all apartment complexes here seem average.
#9 May 24th, 2011, 01:04
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#9
Thanks again for the helpful information. I think I'm going to make the move! The land seems incredibly rich in culture and the people seem so warm and accommodating.

In surroundings such as this, I think I can find some inner-peace and learn so much about myself. I will receive my official job offer this evening. I will be arriving with my new boss, who will show me around and help me get settled. I can't begin to tell you how lucky I am to have such an opportunity.

I plan to learn as much as possible and give back to the people and land as much as they will provide to me. Wow...I am so lucky!!
#10 May 24th, 2011, 13:38
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#10
I hope, your stay would be comfortable, peaceful and would enrich your experience about life.
#11 Jun 12th, 2011, 03:57
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#11
Thank you very much for the kind wishes. I leave in just one week and I am very excited
#12 Jun 13th, 2011, 10:18
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#12
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Originally Posted by pamier242 View Post Thank you very much for the kind wishes. I leave in just one week and I am very excited
Hope you have done enough research on IM. There are a lot of valuable threads for first time travelers to india. So one can deal with the cultural shock.
#13 Jun 14th, 2011, 01:22
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#13
Yes, I think I am pretty comfortable now. The company I work for is arranging everything from the apartment to the driver to the bank account, so this should be an easy relocation. On the personal side, I've read as much about the bad as the good both here on IM and other travel blogs. I know there will be things to get used to, but I am open-minded and adventurous and I've lived all over the US, Canada and Europe for jobs. Hopefully my age and experience will work to my advantage. I am 37 and hopefully not too young to be too stupid

Thank you for the thoughts!
#14 Nov 6th, 2011, 17:42
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#14
Hey, Pamier,

I'm replying to you again because you hit on another topic I an interested in.

What blogs did you read, or are you reading, to get a feel for Pune?

Also, you had a dog? I think I read this somewhere.

I have one here in Cairo. He's an old old standard poodle and I want to move him. Was it easy?

How about a maid? Are they afraid of dogs or can they walk them?

We should meet up... When I get there... I think that's probably another 2 or 3 months off.

Will
#15 Nov 11th, 2011, 00:58
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  • hohenhoe is offline
#15

Rent a flat in Pune

Hello everyone,

I have just rent a flat here, next week will go to live. It is in Koregaon, a flat-top appartment, nice sights, nice terrace, one room, fully-equipped (including kitchen and bathroom). It will cost me 30000rp.
I have seen lots of flats, and it is the best.
Hope it can help you.

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