Mumbai, the fashion capital of the country is also known as the city that never sleeps. With the hustle bustle of the working class, the sound of the local trains and passenger queues at the auto and bus stands, the city is never at rest. For more than a century, the city has been creating a hysterical atmosphere with its Bollywood connection. Apart from this, Mumbai is also known for its sky rocketing real estate prices.
Though the city is considered as a hotspot for luxury homes, majority of the population is working class who cannot afford these luxury projects. This has led developers and builders to come up with new projects in Mumbai that deal with the middle and upper middle class people. In fact, the state government too has intervened in these projects to create affordable new residential projects in Mumbai. While affordable buy and rent options are available in the suburbs, the main city has emerged as the haven for luxury homes. If money is not a constraint, areas such as Andheri East and West, Powai, Bandra West and Goregaon East offer some great listing 2BHK apartment for sale in Mumbai. This comes with a hefty price though. A decent 2BHK could cost you anywhere around INR 1.5-3Crores.
If buying property is not your cup of tea, you could go for numerous 2BHK apartments for rent in Mumbai. In the above-mentioned localities, a decent 2bhk flat could cost anywhere around INR 35,000-INR 60,000 on rent, depending upon the amenities offered. Many of these flats let out are fully or semi-furnished since they are owned by many NRIs who do not stay in the country for longer periods. If you find yourself on a stringent budget, areas such as Kharghar, Mira Road, Dombivali East, Thane West, Goregaon East and Ghodbunder Road could get you decent new residential projects in Mumbai for both ownership and rental needs. The rent distribution in these areas could range anywhere between INR 18,000-INR 50K depending upon the area square feet and the amenities offered, if you are looking for 2BHK apartments for rent in Mumbai.
While looking for 2BHK apartments for sale in Mumbai could turn futile if you want a space in a new project within a constraint budget, one can consider going for resale flats. These resale flats have the advantage of the owners letting you know every detail about the locality as well as the house. These flats have a lived-in feeling and come a little cheaper than the new projects on offer.
However, if new projects in Mumbai are what you are eyeing, try areas such as Thane, Kharghar, Mira Road and other suburban areas. These areas have come vigorously in the real estate scene in the last few years and have been doing well since then. Many working class individuals along with their families are staying here comfortable-whether on rent or in ownership. The well-connected railroad system has led the phenomenal real estate rise of these areas.
Source : articlesbase.com
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