Apartment for rent is cheaper than EMI in Mumbai
According to a survey by a real estate portal Central suburb Mumbai and Navi Mumbai have become appreciable place to rent an apartment.
The cost of buying a flat is so high that the monthly rent is cheaper than the EMI need to pay against home loan.
It is reported that the rent for a 2BHK apartment in Navi Mumbai is about Rs 7000 to Rs 12000 while a 3BHK flat for rent will be available at Rs 18000 to Rs 25000.
Though the residential rental values are showing upward trend, it is still far less than the EMI value.
The residents are preferring to stay in rental apartments in Mumbai than owning a flat.
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Living in Mumbai is not a easy task
Source DNA India
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