Renting or purchasing a home in Mumbai?
The rental rates of homes in Mumbai is skyrocketing. The citizens in Mumbai are oscillating between the options of either renting house or purchasing one!
When asked about the same to one of Vishal Pariekh a sales executive living in Mumbai, he alone had too many concerns to think about.
Pariekh who at present stays at Parel in Mumbai is paying rental of around Rs 13000 and the house has very close vicinity to his place of work.
In near future having plans of getting married, is now planning to buy a property in Mumbai.
The fact that rental prices are increasing with the days progressing in Mumbai, Pariekh as well has a better option for availing joint loan of Rs 40 lakhs and pay interest instead of rent.
However, he also say that for the people with no good job stability can always choose better living option from wide rental market in Mumbai city.
More related story:
A roundup on prices of properties across India
Signs of property prices falling down in Mumbai
Affordable housing still a distant dream!
Source: The Economic Times
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