Where to Earn Good Rentals

in Mumbai
Mumbai has undoubtedly become increasingly
unaffordable. However, it still attracts a huge
population that look for rental accommodation,
primarily from migrants who come to Mumbai and work
in its CBDs such as Churchgate, Colaba, Bandra-urla
Comple! "BC# and $owai. %s such, rental values in
surrounding areas too are growing.
Having said that, the best rental yield in an &ndian city
for a residential unit is '-( per cent. %s such, it may be
difficult for a property owner to find good rental yield in
Mumbai. )et, there are few areas that can give a good rental earnings for a property
owner. *ollowing are three such localities that can give good rental earnings.
Powai
$owai is a suburb in Central Mumbai and is considered one of the posh areas in
Mumbai. +hile the area has several property buyers, it also attracts several people
who come for rental properties, primarily those who work in the nearby ensington
,-.. /he ,-. has several multinational companies that provide employment
opportunities for people in Mumbai. &t also has several other social amenities that
attract people to this area.
/he configuration of rental units available in $owai include 0, 1 and 'BH
apartments, 1 and 'BH units being the most in demand. /he appro!imate monthly
rental for a 0BH apartment goes up to 2s 13,444-'4,444 while the appro!imate
rent of a 1BH apartment goes up to 2s '3,444-34,444. /he appro!imate monthly
rent of a 'BH apartment may go up to 2s 34,444-0.13 lakh.
Andheri East
%ndheri is one of the most posh western suburbs in Mumbai. %ndheri is a
neighbouring area to Bandra. Due to its pro!imity to Bandra, BC and the
&nternational %irport, %ndheri commands high rentals. +hile %ndheri +est
commands higher rentals, many people prefer to find rental accommodation in
%ndheri -ast where rentals are lower. /he area is also closer to the railway stations
and upcoming metro. ,ome of the most popular places in %ndheri -ast include
Marol, 5672 and 5B 8agar.
/he working population living in %ndheri look for bigger units. /he area also sees
more demand for 0 and 1BH apartments as most of the working population here
includes single professionals and small families. % 0BH apartment may command a
monthly rental of up to 2s 14,444-'4,444, while a 1BH apartment commands a
monthly rental of up to 2s '4,444-34,444.
Vile Parle East
6ile $arle is another western suburb which has BC, 5uhu and %ndheri as its
neighbours. &t is also 9ust ad9acent to the Mumbai &nternational %irport. /hese
amenities automatically draw people to live there. %nother highlight is that it lies
9ust ad9acent to 8ational Highway :, which is also part of the Delhi Mumbai
&ndustrial Corridor "DM&C#. +hile many people cannot dream of buying a property in
the vicinity, they certainly like to live in rented properties in this area to en9oy these
facilities.
,imilar to %ndheri -ast, 6ile $arle too witnesses a number of 0 and 1BH
apartments available for rent. +hile a 0BH property commands a monthly rental
up to 2s 14,444-'3,444, a 1BH apartment commands a monthly rent up to 2s
(4,444-33,444.
+ith the growth in demand for rental houses due to high property prices, a property
owner may look at some of these localities where they can rent out their property.
Source; Common*loor.com
*or 7atest <pdates on 2eal -state <pdates, $roperty 8ews and Cities
&nfrastructure Developments 6isit; http;==www.commonfloor.com=guide
Copyright > 144?-0( Common*loor.com. %ll rights reserved.