Mumbai being one of India’s main commercial hubs has witnessed people from other parts of the nation migrating to the city in order to earn a living. According to a survey around 85,000 accommodation facilities are required on an annual basis. But only 56,000 accommodation facilities are created by the Government of Mumbai with the help of well-known private builders. This has resulted in the difference between the demand and supply of accommodation. Due to this situation many prefer to reside in houses on rental basis in the city, Mumbai .
While one opts for a house, be it either an apartment or independent house, in Mumbai on a rental basis, one has to shell out a huge amount of money in terms of deposit, before acquiring the house. Flats for Rent in Mumbai (Flats on Rental basis in Mumbai )
There is very little scope for construction of accommodation within the city, Mumbai . Hence several construction firms are looking for land on the outskirts of city, where they can come up with their accommodation projects. Thus, this has given rise to new suburbs away from the existing densely populated areas in Mumbai . This has resulted in the supply of more accommodations. However, the demand still exceeds the supply.
Few areas such as Andheri, Bandra, Borivali, Dahisar, Goregaon, Juhu, and Malad in Mumbai are considered as rich localities. Here taking an house and flats on rental basis, would prove to be expensive, since the cost would range anywhere from Rs.8-17 per square feet for a period of one month. In some other areas of Mumbai the cost of rental houses would range anywhere between Rs. 5-11 per square feet. For a precise detail in regards to the cost of rental houses and flats, located in different areas in Mumbai , you can get information at the address mentioned below.