Electronics Grey Markets in India
Grey markets are thriving today with 50% of India’s domestic branded electronics market under their hold. They offer a great range of products at comparatively cheap rates than the market. Rates are anywhere between 25-50% less than the market price of goods. This is because the VAT taxes are not included in the price. The only downside, but the major one, is that these products do not come with any bill or warranty. So if once, your product is damaged, you have to pay to get it fixed, or worse, give it in hands of local technicians if the company refuses to fix it without valid documents. So investing in a grey market is a gamble, and should be done carefully. In India, almost every city has one such place. I am sharing few of the famous grey markets of India.
In Delhi, Nehru Place , Lajpat Rai Market and Palika Bajar are the most popular markets. In Nehru place, one can get white as well as grey products (read with bill). It is the largest hardware and software market in India. While Palika Bazaar is essentially for cheaper products. All these markets are in the heart of the city. While Nehru Place is well connected by DTC and Metro , Palika is near Connaught Place and Lajpat Rai market, near Red Fort.
National Market in Bangalore offers everything from pirated DVDs to chunky accessories to LCD TVs. All in the same place. Its always crowded and you can get the best bargains here, if you hone the art of course. Its in Gandhi Nagar and is connected with BMTC networks.
Heera Panna Shopping Centre, Manish Market and Lamington Road are the grey markets in Mumbai among few other places. Manish Market is in Senapati Bapat Marg , Dadar West and well, its Google review says “You can go crazy here”. Heera Panna shopping center is most the famous market in Mumbai and you can get best bargains here. Its near Haji Ali and can be reached easily.
Chennai’s Burma Bazaar offers good deal on DVDs, electronics and various other household items. Located near Parry’s Corner, outside Chennai’s Beach Railway Station, it was set up by Burmese refugees in 1969.
In Kolkata’s Chandani Chowk one can get all kind of digital cameras, phones, hardware and software. Its in the heart of Kolkata, near Dalhousie square. Apart from Chandani Chowk , Metro galli and Kidderpore also have such markets.
6. As far as I searched, there are no such organised markets in Pune and Hyderabad. Though some shops may offer goods at grey prices, without documents.
Note : Shopping from grey markets is a risk as the authenticity of the product is not known. If the consumer is lucky and aware, he can get good deals. If not, shop at your own risk. HAPPY SHOPPING!!
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