I am from India and I worked in Bengaluru and Delhi before this. I used to pay about ~$500 for a studio 3 years ago. In Bengaluru, you now have tremendous access to Venture Capital (including the Silicon Valley names like Sequoia), great incubators, work spaces, and a lot of talent and IT type crowd. English is no-problem.
On the negative, you must be willing to spend inordinate amounts of time in traffic - you can own bikes just like in Saigon, but the roads have potholes :-D - breathe polluted air, potentially fall sick because of poor hygiene and eating outside food.