Rentals in Mumbai
G Anand, a resident of Andheri, in Mumbai, recently found himself in the unenviable position of having to shift out of his rented house. Other than the expenses involved in finding a new house, packing and transporting his possessions, Anand was worried about the broker’s fee that he would have to incur, which is generally [...] Continue Reading »
Chandivali, a suburb of north-central Mumbai, has developed at a rapid space. There has been a 20 per cent hike in property prices of multi-storey apartments during the July-September quarter as compared to the April-June quarter. Along with the price appreciation, rentals of multi-storey apartments too have gone up by 19 per cent during the [...] Continue Reading »
In spite of developers struggling with their debts in Mumbai, rentals have been soaring. Increase in rents across the city over the past few years has contributed to a record rise. Rentals in Mumbai are now at par with the highest rental rates in the world. In Andheri (East), the rent for a 3BHK apartment [...] Continue Reading »
With no visible signs of a meaningful correction in property prices, a growing trend of people preferring to stay on rent in Mumbai. Since December 2010, lease agreements have increased by 20% to touch a new high of 10,191 in June 2011. Sales data from the registration department further speaks for itself. In June 2011, [...] Continue Reading »
Mumbai and the outskirts of the city has seen an 11% growth in rental value in the past year. The figure for Bangalore, Pune and Delhi has shot up by 13%, 11% and 9% respectively. The rent in South Mumbai had gone through the roof. It is still unaffordable. So, people are shifting towards the [...] Continue Reading »
Mumbai Asia’s 4th costliest place for office space in Oct-Dec 2010 Mumbai has become the fourth costliest city in Asia Pacific for renting a office in the last quarter of 2010. the average annual rentals of Mumbai during the quarter has been estimated at USD 705 per sq mt, the same has been found to [...] Continue Reading »
