7 Benefits of Hiring an Experienced Real Estate Broker
Given the vast number of employment opportunities provided by this financial center of India, Mumbai has long been associated with welcoming individuals from all corners of the globe and all walks of life. Mumbai's popularity as a place for individuals to settle down with their families and friends is also attributed to the city's excellent infrastructure for public transportation, social services, and municipal facilities.
One of the biggest tasks of relocating to Mumbai is finding a decent residential location to live. Finding a good property within one's budget in Mumbai is usually a difficult choice to make, whether it is closer to one’s workplace or closer to the children's school or closer to your university. With ThePropertist.com at your fingertips, you don't have to worry about finding a suitable place for renting. We have shortlisted top 5 areas for rental properties in Mumbai which you can consider renting for your family and friends.
One of the well-known areas in Mumbai, Kandivali offers both residential and commercial space. This area's close proximity to important job centers has been a driving force behind its development. The Western Line, Western Expressway, New Link Road, and SV Road provide great connectivity from Kandivali to many important areas. The following job centers are a few of the closest ones: DLH Park, Infinity IT Park, Lotus Corporate Park, NESCO IT Park, and Synergy Business Park. The Thakur International School, Ryan International School, Kandivali Education Society, and Nagindas Khandwala College are a few of the well-known educational institutions close to Kandivali. For a two-bedroom apartment, the typical rent in this area is Rs 30,000.
Mulund is easily accessible from Navi Mumbai and Thane. Because Mulund offers the full spectrum of a high-quality living, it is gradually becoming known for its residential homes. Connectivity has enhanced with the addition of the metro-line 4 going into service in 2023. Residents have easy access to other parts of the city via public buses, trains, and roads. Mulund is developing into an upscale community. Mulund has rent-friendly properties, thus there are some profitable options available.
Andheri is well connected to attractions including malls, theaters, prestigious educational institutions, and hospitals. It is an upmarket residential area because of retail and entertainment centers, healthcare facilities, elegant restaurants and major corporate hubs. Andheri is a very big area divided with different localities like Andheri East, Andheri West, Lokhandwala, Near by Station and other different locations in Andheri. So there are slightly different rates for different locations. A 1 BHK home in Andheri West with a carpet area of 500–700 sqft. would rent for between Rs 25,300 and Rs 30,000 per month, while a 2 BHK home with a carpet area of 800-1,000 sqft. may rent for between Rs 43,000 and Rs 50,000 per month. Andheri east is comparatively cheaper and would cost around 22k-40k. One of the key factors keeping rental costs lower than in the western zone is the dense micromarket of Andheri East, one of Mumbai's densest areas.
The eastern suburbs' Ghatkopar East is a well-known area. There are both new high rises and older low-rise residential buildings in this peaceful neighborhood. The Andheri-Ghatkopar Metro provides direct access to the western suburbs, giving this area strategic importance. Also, it provides quick access to South Mumbai and Navi Mumbai due to its proximity to the Eastern Freeway and Sion-Panvel Expressway.
One important factor to keep in mind is that vegetarians make up the majority of the population in Ghatkopar East. So, there is a good probability that landlords or housing organizations will reject non-vegetarian applicants for rental housing. At Ghatkopar East, renting a 1,000 square foot, two-bedroom apartment can cost you around Rs. 48,000.
Chembur is well-connected to other parts of Mumbai through various modes of transportation, such as buses, trains, and taxis. The Chembur railway station is a major railway hub that connects it to various parts of Mumbai and neighboring cities. Located near Mumbai’s prime industrial locations like Kurla, Deonar, Mahul, Ghatkopar, Chembur is one of the most preferred locations to rent and buy a residential property. Chembur offers a range of lifestyle amenities, including malls, restaurants, parks, and recreational centers. The neighborhood has a vibrant food scene with several local and international cuisine options.
Chembur is home to several good schools and educational institutions, making it an ideal location for families with children. Compared to other neighborhoods in Mumbai, Chembur offers relatively affordable rental rates for properties. You can find a variety of rental options in Chembur, ranging from studio apartments to larger multi-bedroom apartments. The average monthly rent for a 1BHK (one-bedroom hall kitchen) apartment in Chembur is around Rs. 20,000 to Rs. 25,000. For a 2BHK (two-bedroom hall kitchen) apartment, the average monthly rent can range from Rs. 30,000 to Rs. 45,000.
All the above mentioned localities are excellent options for renting in Mumbai. These places have good connectivity, infrastructure and a decent standard of living. You can easily discover a variety of commercial and residential properties that suit your needs and budget. Before taking a property on rent do consider factors such as location, budget, maintenance charges, water and electricity supply, documentation and society rules and regulations.