Where Can I Find An Affordable House in Mumbai

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Admin 18 Apr 2024 1,101 Views

Mumbai is located on the west coast of India, and it is also known as the financial, entertainment, and commercial capital of India. It is the second-most popular state after New Delhi. Many types of independent house in Mumbai are available for those who want to go to Mumbai to make a better future. There are seven beautiful islands, and a few more beautiful things like Gateway Of India, Taj Mahal Palace Hotel, Nariman Point, Juhu Beach, etc, are good places to visit. Flats for rent in Mumbai are easily available in almost all areas because of their good demand. These are all things that attract everyone to come to stay here. For the people who want to shift to Mumbai and they are facing any difficulty. HONESTBROKER can help them to find a better home/apartment. HonestBroker is a trusted platform for such requirements and provides a vast range of solutions for all real estate related needs. Thousands of people trust this website, and you can also bet for a better deal.

Affordable properties rates:-

Affordable property rates in Mumbai according to locations. visit HonestBroker.in

Mumbai sees a high demand for flats for sale in Mumbai within the price range of Rs 25-30 lakhs. However, due to high property rates in Mumbai, it is difficult for an individual to find affordable housing in the country’s financial capital. Nevertheless, there are few places in Mumbai where one can find an affordable property in Mumbai below 20 lakh. Most of these locations are outside Mumbai, yet have very good connectivity to the commercial hubs of Mumbai.

Many flats for rent in Mumbai are available at slight outside locations, where you can start your life journey to fulfil your desire. We have the series following as per the crowded city where the property rates in Mumbai are affordable for middle-class families. property in Mumbai below 20 lakh is available in some areas and mentioned later in the article.

If we talk about the property rates in Mumbai, yes there is some fluctuation in property rates, But it all depends on the location. If someone is looking to buy an independent house in Mumbai from the lowest budget to the highest, he can find many areas available within the range of the property in Mumbai below 20 lakh (Rs 16-30 lakhs). These areas include places like Nerul, Panvel, New Panvel, and Roadpali. The 1BHK flats in Mumbai are 500-600 sq.ft. and are easily available in the range of Rs15-16 lakhs. 2BHK flats in Mumbai of size 700-1100 sq.ft. are available on a Rs 20-35 lakh budget.

PRIME LOCATION IN MUMBAI:-

Get The List of Prime Locations in mumbai at HonestBroker.in

If you can afford 3 BHK flats in Mumbai at a higher budget, you can find good properties in places like Ulwe in Navi Mumbai, Vikhroli in Mumbai, and Vasai in Mumbai. If someone is looking for an affordable property in these areas and they want to be in the safe hands of experts, without being overcharged, then HonestBroker is the solution. Ulwe and Vasai are ideal destinations for those looking to buy an independent house in Mumbai or 3 BHK flats in Mumbai with a budget starting from Rs 25 lakhs. There are already several projects coming up in Ulwe. The property rates in Mumbai are between Rs 4,500-5,400 per sq.ft. in this locality. The area is also close to the proposed Navi Mumbai International Airport. Hence, the property prices in Mumbai can be expected to rise once the project-related work starts.

VASAI:-Vasai is also undergoing commercial and industrial development and has seen a steady rise in property values over the past year. Still, most of the commercial property in Mumbai is in the affordable range. The average price of the property in Vasai is in the range of Rs 4,600-4,900 per sq. ft. 1 BHK flats in Mumbai is available within a budget of Rs 20-35 lakhs whereas, the 2 BHK property in Mumbai is available in the price range of Rs 35-50 lakhs.

VIKHROLI:-It is located in the middle of Eastern Express Highway (EEH). It has some well-planned highways and flyovers that connect Sion and Thane. Sion to Thane can be reached in 30 minutes. Vikhroli is also well connected from the west by the LBS route. The highway connects it to the western suburbs including Bandra and Jogeshwari. Vikhroli offers 1 BHK flats in Mumbai with a budget of Rs 55-60 lakhs. With the start of Mumbai Metro over here, the property prices in Mumbai are expected to increase by 12% in the future.

CENTRAL REGION:-The Central line starts at Chhatrapati Shivaji Terminus {CST} and converges into two different ends to Kasara (towards Nashik) and Khopoli (towards Pune). The rent decreases from Kurla towards Thane. If you are searching for a commercial property in Mumbai for business purposes you can choose one of them. Places in Kalyan, Thane, Virar, Dahisar are famous for ease of accommodation, connectivity, and a lot of food options. If you're working around the Chhatrapati Shivaji Terminus area, opt for Sanpada or Vashi.

WESTERN LINE:-It starts at Churchgate and follows the city's west coast to Dahanu Road which goes towards Ahmedabad. The rent decreases Andheri towards Harbour. If you are searching places in Vikhroli, Ghatkopar, and Sion for ideal and affordable flats for rent in Mumbai, HonestBroker can help to provide properties according to your choice. If you're working around Andheri, opt for Airoli that connects to the {EEH} Eastern Express Highway by road.

HARBOUR LINE:-It starts at Chhatrapati Shivaji Terminus CST (Victoria Terminus), branches off at Wadala Road and runs to Panvel and Andheri through Navi Mumbai except for Chembur. There are many good business options and demand for commercial property in Mumbai at Harbour Line.

NAVI MUMBAI:-Navi Mumbai doesn't have a central train station, so you have to travel from Churchgate to Navi Mumbai via the Harbour line from Andheri. If you're searching for flats for rent in Navi Mumbai, you'll find a suitable and affordable option in Nerul, Kamothe, Ghansoli, and Panvel.

WESTERN MUMBAI AND SOUTH MUMBAI:-It is Also known as South Bombay (SOBO) comprising areas like Colaba, Fort, Malabar Hill, Marine Lines, Mahalaxmi, Nariman Point, and Tardeo to name a few. While South Bombay has a special old-world charm, the neighbourhoods are costly and classy. It will set you back at least by 1L-2L for unfurnished 1BHK flats in Mumbai. HonestBroker makes it easy to find a property as per your requirement. Flats for rent in South Mumbai are available if you wish to go for a high price.

AVERAGE COST OF LIVING IN MUMBAI:-

Cost of Living in Mumbai . For More update visist HonestBroker.in

Now if you have a comfortable income, and you are looking for a preferable lifestyle of your choice, the cost of living in Mumbai for a bachelor is something unexpectedly high to believe and shall verify before relocating. Bachelors mostly prefer flats on rent in Mumbai. It's always a good practice to evaluate your expenses and budgets to have better control over your monthly cost and future savings. The cost of living in Mumbai is high compared to other cities. Here's a quick sum-up for the cost of living and the average expenses to survive in Mumbai.

WHERE SHOULD STAY:-

Daily commute:-

Mumbai might be blessed with excellent connectivity throughout the whole city with the metro and local train line. But it is always a good idea to search for a place that is less than 4-5 km away from your workplace. You can search on HONESTBROKER, it’s an online website for advanced information related to real estate properties. Since Mumbai is always jostling {push & pull} with people all round the clock. It's ideal to find properties, homes, flats, apartments, commercials, or even industries that are genuine and protect you from any fraud in future, you may take the help of such good online platforms.

Mumbai is one of the most crowded cities of India, with localities ranging from local sophisticated gated communities. It all depends on your budget and capability to adjust to your circumference. Look for an apartment, home, or flats on rent in Mumbai that is rather closer to work. Now it is very easy to search homes while sitting at your home with the help of an online portal HonestBroker where many people search daily and close deals.

HOW DO I FIND PLACES TO RENT?

Find The Best place Of rent In Mumbai at Honestbroker.in. India's fastest Growing real Estate Portal

It's not hard to find a house, apartment, or flats on rent in Mumbai without a broker but the risk of a wrong deal is high. If you visit the site HONESTBROKER to find your desired home, you will get it as you want. While searching for houses on a crowded website, you might be frustrated due to the inconvenient results. Here's the basic idea of apartments and flats on rent in Mumbai of a good size. Moving to a 1BHK in Central Mumbai might be more costly than a 2BHK in Navi Mumbai.

Rent property in Central Mumbai is around 20-25k for 1BHK, 30-40k for 2BHK, and 40-50k for 3BHK.

About Author

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

WHERE CAN I FIND AN AFFORDABLE HOUSE IN MUMBAI?

Jatin Dubey

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