Rental Houses

This is not all. In order to rent a house, such as a flat or apartments in Mumbai, it is often required to deposit a lump sum as a security amount, of course, without accrual of any interest. Since the scope for further development of residential facilities within the peripheral of the city is on the verge of its saturation point, builders and developers are coming up with their housing projects at the outskirts of the city paving way for the growth of Mumbai suburbs and satellite cities like Navi Mumbai . Even, the growing trend of house rent in these areas ceases to bring any relief to home seekers.

Posh localities, such as Bandra, Juhu, Worli, Santacruz and Khar are the most expensive areas in Mumbai to rent a flat or apartments, which command an average rental value to the tune of Rs. 4-10 psft per month. While it requires between Rs 8 to 16 psft per month to rent a flat in Worli or Santacruz, the cost to rent home in Juhu or Andheri comes at a comparatively cheaper rate
between Rs. 4-10 psft.