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October 30, 2006

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Cost of living in India doesn't matter a lot for American or European countries. In fact they will live a happy life over here in India.

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However, I hope it takes over an hour in and out of Bandra due to horrible traffic conditions on the main artery connecting the rest of Bandra Mumbai. The rental yield of Mumbai is around 5-6% and the owners here trying to push rents in line with price increases. Mumbai owners insist on a 12 months rent in advance and a substantial bond, unless the tenant has a company name well known large on the lease.

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