₹1 Crore Home vs $1 Million Home
Updated
In Indian cities, "1 crore" is the headline price point for a home. In the US, UK and Australia it is "a million". They sound similar, but they are nearly ten times apart. Here is how to compare property prices across the two systems.
Try it: convert any amount at today's rate
The Core Conversion
| Price | Converted today |
|---|---|
| ₹1 crore | ~$105,000 |
| ₹1.5 crore | ~$157,000 |
| ₹3 crore | ~$315,000 |
| ₹5 crore | ~$525,000 |
| $500,000 | ~₹4.76 crore |
| $1 million | ~₹9.53 crore |
Converted figures use today's exchange rate (₹95.29 per US dollar, as of 30 October 2026) and update automatically as the rupee moves.
Why "Crore" and "Million" Get Mixed Up
A crore is 10 million, not one million. So "₹1 crore flat" means ₹10 million, which is about $105,000. A "million-dollar home" is roughly ₹9.53 crore, a luxury price in most Indian cities.
Reading Indian Property Listings
- Prices under ₹1 crore are usually written in lakhs: "₹85 L" means ₹85,00,000.
- "Cr" or "Cr." means crore: "₹2.4 Cr" means ₹2,40,00,000.
- Rates per square foot are in rupees: "₹25,000/sq ft" on 1,000 sq ft is ₹2.5 crore.
- Stamp duty and registration are added on top, usually several percent of the price.
Tips for NRIs Buying Back Home
Convert your budget before you start looking, then fix it in rupees. A falling rupee helps NRI buyers: the same $200,000 bought about ₹1.67 crore at ₹83.5 per dollar and buys about ₹1.91 crore today (₹95.29 per dollar).
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