Saturday, December 10, 2005

3 bed-room Bangalore rental @ $ 2750/month

On craigslist I recently I came across an advt for rental property in Bangalore for 110 k Rs/month with an 11 month deposit plus 1 month brokerage. The furnished apartment was in the Koramangala area and supposed to be premium property.

On a rough calculation basis for 10 month deposit 11L for 11 month lease @ fixed income of 6% interest will yield approx 60k/year. The brokerage which is 1 months rent equals another 110k

The rent payable by the renter would be 121L + 60k + 110k = 138L/11 month = 1.25L/month which is approximately $2750/month. This surely is comparable to the bay area housing.

Now thinking about the renter, is he doped or just plain stupid ?

2 comments:

Anonymous said...

hi Vyas

Is there a email ID, I can contact you at..

Thanx
Annam

Siddheswar Hill Square said...

Thanks for sharing.Informative about BHK's in Vadodara

Siddheswar Hill Square & Villa