The rental values in any location in Mumbai usually have a wide range due to the following factors:
- The Age of the building
- Location and Locality
- Amenities in the building
- Internal Finish of the Apartment
- Size of the Apartment
Below are the rental values in the location we serve:
The Rental Values in Bandra, Khar & Santacruz are almost in the same range:
1 BHK – The 1 Bedroom apartments are the fastest moving flats as there is a high demand for them. The 1 Bedroom apartments start at as low as rs. 45,000 per month and going upto Rs. 1,50,000 per month.
2 BHK – 2 Bedroom apartments in these areas range between Rs. 65,000 per month and Rs. 2,50,000 per month.
3 BHK – The 3 Bedroom apartments come in various sizes starting at 1000 sq.ft usable carpet and as huge as 3000 sq.ft usable carpet. The rental values for these apartments range between Rs. 1,25,000 per month and Rs. 4,50,000. The quote is mostly based on the size of the apartment i.e larger the apartment,Higher the rent.
4 BHK – Like the 3 BHK apartments the 4 BHK apartments also come in various sizes with the smallest size being about 1500 sq.ft usable carpet and the largest being approximately 4000 sq.ft usable carpet. These apartments range between Rs. 1,50,000 and Rs. 7,00,000.per month.
Luxury Apartments in Bandra – There are a handful buildings in Bandra which have all modern amenities like swimming pool, kids play area, gymnasium, club house, party hall etc. The rentals in these complexes range between Rs. 4,50,000 to Rs. 10,00,000 per month.
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Note – BHK is a commonly term used in India which stands for Bedroom, Hall and Kitchen
Bandra East & BKC (Bandra Kurla Complex) comprises of only relatively newer building with all modern amenities and due to the BKC being the most preferred office area the apartments in this area are always in demand. The rental quotes in these areas have almost increased by 50% compared to last year.
Bandra East and BKC do not have any 1 or 2 Bedroom apartments and whatever is available is in old buildings which are not as per expat standards.
There are 3 buildings in Bandra east where expats and corporates live and they are Rustomjee Oriana and Kalpataru Sparkle and both these buildings have all modern amenities like a swimming pool, gymnasium, club house and open spaces to children to play.
3 BHK – The 3 Bedroom apartments in these buildings range between Rs. 1,50,000 to Rs. 2,50,000 per month.
4 BHK – The 4 Bedroom apartments range between Rs. 2,50,000 per month to Rs. 3,50,000 per month.
Bandra Kurla Complex:
BKC also has only 2 residential buildings at this point of time namely Naman Residency and Sunteck Signia which comprises of three wings namely Isles, Pearl and Signature.
3 BHK – The 3 Bedroom in this locality ranges between Rs. 5,00,000 to Rs. 6,00,000 per month.
4 BHK & 5 BHK – The 4 Bedroom and 5 Bedroom in these buildings range between Rs. 5,50,000 to Rs. 7,00,000.
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Juhu is a popular location among-st expats and corporate clients after Bandra west.
1 BHK – 1 Bedroom apartments in Juhu range between Rs. 50,000 per month to Rs. 2,00,000 per month.
2 BHK – The 2 Bedroom apartments in Juhu have a wide range basis their location within juhu. Sea view apartments attract much higher rentals compared to those in the bylanes. The range is Rs, 80,000 per month to Rs. 2,50,000.
3 BHK & 4 BHK – These apartments range between Rs. 2,00,000 to Rs. 5,00,000 per month. Majority of the buildings in Juhu do not have any amenities.
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Powai is more like a gated community with everything in the same vicinity like an International School, Hospitals, Supermarkets, Mall, Restaurants and Gymnasiums.
Most of the buildings in Powai have all modern amenities and there is large expat community which has made powai their home.
1 BHK – The 1 Bedroom apartments are available around Hiranandani complex in Chandivali and Nahar Amrit Shakti (A complex close in Powai) and range between Rs. 30,000 to Rs. 40,000 per month.The availability for these is generally low because of its high demand.
2 BHK – These are ideal for single working professionals and expat couples who work in Andheri East or close to Powai. The range for 2 Bedroom is around Rs. 80,000 per month to Rs. 2,00,000 per month.
3 BHK & 4 BHK – These range between Rs. 2,00,000 per month to Rs. 5,00,000 per month.
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South Central Mumbai comprises of Worli, Prabhadevi, Parel, Lower Parel and Mahalaxmi. These areas have many newer building with all modern amenities within the complex like swimming pool, gymnasium, club house etc.