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Following the huge prices set up by both Airtel and Vodafone, all those who had been waiting to buy iPhone since it was announced to be launched in India are rushing towards grey market where they can get almost half the price. Its been reported by Economic Times that in Indian grey markets 16GB iPhone is selling for as low as Rs 20,000-Rs 22,000. And with some good bargaining skills you can end up saving Rs 1000-Rs 2000 on that price also.

“Sales had dipped after it was announced in May that Airtel and Vodafone will bring iPhone to India. Many postponed buying the phone from us. However, since the prices announced are almost 50-60% more than at what we sell, we are getting back business,” said a dealer at Heera Panna, Mumbai’s best known grey market for all high-end phones.

So, if you want to own a iPhone and don’t want to wait for iPhone prices to go down in India, buying from grey market can be viable option.

Update: Its reported by various users through mails and comments that iPhone Grey Market Prices are more then reported by Economic Times. The prices fall in the Rs 23000-Rs. 25000 bracket for 16GB iPhone 3g






14 Comments so far »

  1. by dr gaurav, on September 1 2008 @ 3:11 pm

     

    no where it selling for 22-24000 in delhi grey market i went last week to gaffar and they have increased rates of iphone 2g to 25500 for first hand unlocked phone from 6months b4 when it was 23500 .3g was no where available .even i most tampered one in 2g was not less that 16000

  2. by Pat, on September 2 2008 @ 3:18 pm

     

    Totally untrue. I can personally confirm its not available at such rates in Mumbai as well.

  3. by yesupadam, on September 4 2008 @ 1:28 pm

     

    iphone 3G gray market price for 8GB version in hyderabad is as low as RS.18,500/-

  4. by helpme, on September 14 2008 @ 9:03 pm

     

    Where can u buy in Hyderabad iphone 3G (grey market)

  5. by advait, on November 5 2008 @ 10:06 am

     

    Where is the grey market for iPhone in Hyderabad? Any one has any contact details or address details?

  6. by ksj, on November 6 2008 @ 10:33 pm

     

    Abids is where u get phones in grey market. even chinoy trade center in secunderabad

  7. by advait, on November 7 2008 @ 1:47 pm

     

    any specific shops you know where I can go in Abids or chinoy

  8. by Avinash, on November 17 2008 @ 4:24 pm

     

    Hi Guys,

    Could anyone please tell where is specific GREY MARKET in PUne and MUMBAI>>>

  9. by iphonegeek, on November 17 2008 @ 10:26 pm

     

    Well Avinash, In Mumbai Heera Panna is one of the biggest grey market.

  10. by raam, on November 24 2008 @ 10:10 pm

     

    hi
    i would like to buy an iphone3g 8 or 16GB. . . .

    could you let me know where i can find a grey market in chennai or anywhere in tamilnadu????? :(

  11. by daman, on December 11 2008 @ 10:14 am

     

    please cud somebody tell me where to buy a brand new i-phone in the grey market in delhi>?

  12. by iphonegeek, on December 11 2008 @ 3:45 pm

     

    Hi Daman,
    As we have heard you can buy iPhone from 2 grey markets in Delhi

    One is Gaffar Market And
    Other is Palika Bazar.

    Thanks

  13. by guddu, on December 18 2008 @ 2:50 pm

     

    can u plz tell me where in pune.. ??
    i m very much interested to buy this phone….

  14. by raj, on December 18 2008 @ 11:39 pm

     

    hi can anyone tell me where do i get the iphone 3g in mumbai and from where…..and at what price???

    i am desperate to buy this phone please reply..!!!!!

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I am just another iPhone maniac who is trying to share his madness with like minded people:)