±Quick Links

±User Info


Welcome Anonymous

Username
Password

Membership:
Latest: charlottejones2012
New Today: 9
New Yesterday: 14
Overall: 55899

People Online:
Members: 3
Visitors: 71
Bots: 7
Staff: 0
Staff Online:

No staff members are online!

±Financial Advice

Expert advice from finance professionals you can trust

±Newsletter

Newsletter

You must be a
registered user
to receive our newsletter

Register Now!

Renting Property

India - Renting Property



Property rentals in two major metro cities viz. Mumbai and Delhi are higher than rest of the cities in India. Rent varies from INR 5,000 to INR 20,000 for a 3-room apartment depending upon the area one wishes to stay.

Indian capital has its own Delhi Rent Act that defines the landlord and the tenant, gives specifications of registration of tenancy agreements, rent payable, standard rent and other charges payable. It also clearly defines the duties of the landlord and the tenant and the recovery of possession under different circumstances.

Prior permission of the Reserve Bank is necessary for a foreigner to lease any immovable property for a period exceeding five years. No such permissions are required for monthly tenancies. Foreign personnel may be accompanies by their families. Domestic servants are available at about INR 2,000 per month. A number of restaurants in each major city serve western food.




Tell your friends about this page!


--

Got something to add to this section? Spotted something which should be changed? Please let us know!


Click here to return to the contents page for "India - an expatriate guide."



Give us feedback about this page or discuss it in the forums.