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Is Renting A Flat in Mumbai Better Than Buying

November 21, 2017 | Stalin Amara

Is Renting A Flat in Mumbai Better Than Buying

Mumbai is an incredible city in the state of Maharashtra that has a lot to offer its inhabitants. Besides its major contribution to the economy of the country, Mumbai is known for its high-end lifestyle, glitz and glamour, fabulous nightlife, commercial spaces, education hubs, research centers and so much more. There is something that this city that you cannot explain, but only experience. Today, Mumbai is one of the most loved cities in the country that many want to be a part of. The real estate market in Mumbai is booming today with a number of residential as well as commercial projects throughout the city and its outskirts as well. Without a doubt, an increase in population leads to an increase in real estate at the end of the day. Property in Mumbai is expensive today and keeps rising every single day. The confusion of buying a residential space or renting the same is definitely something that needs a thought about as it depends on numerous factors.

While a number of individuals enter Mumbai City each day, there is more than one residential space that is sold or given on rent. At the end of it all, it simply comes down to your finances, earnings, ability for a hefty down payment, expense on paperwork and property tax, etc. Without a doubt, purchasing property gives you a stable base that you can rely on, an investment that can be carried forward without any hassles. However, renting an apartment can suffice your needs if you are not looking out to reside in Mumbai for a long time, your earnings are not sufficient to purchase an apartment, you want to skip paying regular maintenance bills, etc. Keeping in mind that Mumbai is the costliest city when it comes down to property, both renting and purchasing are well-balanced options, one slightly better than the other and vice-versa from time to time.

When you look at it from a broader perspective, it all comes down to your requirement and what fits your budget. While most places in Mumbai are super-expensive, there are others where you can surely manage to purchase property at a decent cost and live a happy life of pure leisure. However, selecting the right location and picking the right property is very important to obtain a luxury apartment that is worth every rupee spent! While purchase an apartment in Mumbai is always good as it turns into an immovable asset, renting an apartment is the next best option if you lack the finances to make a purchase. It is a win-win situation on both sides, ask a Mumbaikar if you find it hard to believe.

Godrej Platinum Vikhroli is a new residential project at Vikhroli, Mumbai by Godrej Properties that offers a modern-day lifestyle of luxury and comfort that will satisfy your soul. Spread over luscious acres of land, this development contains elite towers that are intelligently designed to delight! Offering lavish variants of 2BHK, 3BHK and 4BHK duplex luxury apartments with large area sizes, experience the beauty of luxury space that will always make you smile.

This residential development is a pre-certified IGBC Green Home that caters to a comprehensive lifestyle from start to finish. The apartments are spacious, provide natural lighting ad contain branded fittings & fixtures, decorative doors, wide balconies and windows providing landscape views, elegant kitchens, split AC’s in bedrooms, dining & living room, modular electrical switches, sensor lighting, video door phone, intercom facility and more. This development also offer a fabulous range of external amenities that include a clubhouse, sports facilities, play area for kids, swimming pool, gym, meditation centre, landscape garden, multipurpose hall, 24hour water supply, power back-up and more.

Godrej Properties is known to offer affordable housing without compromising on luxury. Godrej Woods is Another New project in Panvel from Godrej Properties. You can purchase an apartment at this development without worrying about a heavy load on your wallet. There are several payment plans to choose from along with NRI services, home loan facilities and more.

Godrej Properties has recently announced one of its more ambitious residential projects in Pune; Godrej Active. To be built on the banks of Mula-Mutha river in Kashav Nagar, Pune, this will be a affordable housing development with modern 2 and 3 bhk Apartments and a host of luxurious amenities,

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