Can Bangalore be called as Ground Zero for the India housing bubble? I think there will be more contenders vying for the spot - Hyderabad, Delhi, Mumbai.
But here is an anecdotal evidence of a pricing bubble, or in other words how you can have a better quality of life renting instead of owning in bangalore. Thanks to Gala Time.
Cost to Rent: Rs 15000 per month
Cost to Own: Rs 34,000 per month
This is in the face of no appreciation in the near future, additional maintenance costs and taxes.
Saturday, January 12, 2008
US ... UK ........ what next?? Spain/India/China/Dubai
Now the MSM is waking up to the slidedown in UK. Which place will be next? My ordering will be thus - Spain, India, China, Dubai
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