1) Why Rent in Mumbai
If you are relocating to a metro like Mumbai, the first thought comes to the mind is that why I should pay such high rent, why not buy the property? The idea sounds good, but buying property in Mumbai needs a lot of thought and several factors need to be considered.- (i) Fluctuating rate of interest impacting monthly EMI
- (ii) Budget and available finance options
- (iii) Job stability and security
- (iv) Relocation possibilities
Renting Advantages
- (i) Renting a residential apartment allows you to get accustomed to the new environs before considering the purchase in that particular area.
- (ii) Renting a residential apartment also gives you the liberty to move freely to another location for career related matters.
- (iii) Most of all, if there are limited finances then renting is a better option as it does not incur a big cost as compared to the down payment while planning a purchase.
- (iv) Renting a residential apartment cuts down botheration of paying the property tax and the maintenance costs involved; as they are to be taken care of by the landlord.
These days, an increasing number of people are renting and the quality and range of rented residential accommodation is better than ever.
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