If you are moving to Mumbai here is some information that will help you to choose your new home or office in Mumbai
One of the important factors in making this decision is the cost. Cost of real estate in Mumbai property in Mumbai is high and is comparable to other costly cities in the world. Costs in south Mumbai are extremely high starting from approximately 1000$ per sq. Ft. to 2000$ per sq. ft. Prices in localities like Bandra and Parel are $500!
- $700 per square feet. The average rental rates in Mumbai are 0.5% per month with the six month rent as deposit. In general one can assume that a 2BHK apartment with an approximate area of 1000sq. Ft. can go on lease for 100,000 rupees a month and a 3bhk apartment with an approximate area of 1500 Sq. Ft. can do for lease for 150,000 rupees a month.
Domestic services are cheap in Mumbai but high as compared to other Indian cities. A cook who can also take care of the basic cleanliness of the house can cost 100 $ a month. A good car driver can cost around 150 $ to 175 $ per month. The basic grocery cost for a couple can go up to $ 300 for a couple. Mumbai are various dining options. A good dining experience for a couple can cost from $20 to $ 50. Cocktails at good clubs and bars can cost $ 12 approximately and pint of beer can cost $5.
A Real estate agent has deep knowledge about the neighborhoods in Mumbai and the Mumbai real estate situation. Mumbai has a host of stores for buying clothes and apparel. Mega stores like lifestyles, pantaloons, Globus and shoppers stop provide a wide variety of options. Apart from that almost all the global apparel brands including Marks and Spenser, Gap, Levi’s, Nike, Reebok, Adidas, Banana Republic etc for have outlets in Mumbai. Mumbai has a good chain of cafe’s like Cafe’ Coffee Day, Barista and many more. Mumbai also has a lot of good cinema chains like Cinamax, Fame cinemas, Adlabs, INOX and Reliance big Cinemas.
Petrol costs approximately $1 per litre - $5 per gallon. Diesel costs 20% lesser than petrol. India also has huge options for buying vehicles. A good car can cost from 15000$ to 20000$. You can also take a car loan at 10% rate for a period of 6 years. Public transport services in Mumbai are fast improving with the government taking fresh initiatives like the Mono Rail, the Bandra Worli Sea Link and the Metro rail service. With improving transport services the traffic situation on the roads will ease as compared to today and will allow people to buy houses away from their offices.
A good real estate or Mumbai properties agent has a huge network of information that will enable him to market a property very effectively. Luxury hotels in Mumbai can cost $ 300 per night during the peak season so it is a good idea to book the rooms in advance to save on the cost. A few of good hotels in Mumbai are JW Mariott – Juhu, The Taj – Mumbai Gateway, Gordon House, Tulip Star, Sea Princess, Sun and Sand, Taj – lands End, Oberoi, Renassiance, The Maratha Sheraton, Hilton, ITC Grand and many more…
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