Large Size Rental Homes for Rs. 40K a Month in Mumbai Peripheries
People with decent high income in the financial capital, primarily, look for rental apartments within a budget of Rs. 30,000-40,000 per month. There are several localities in Mumbai that offer a variety of options within this budget but one has to compromise with smaller sizes. However, as one starts going towards Mumbai’s peripheries as well as Thane and Navi Mumbai one can get higher configuration apartments with higher apartment sizes.
Here are some of the localities where you can find rental houses within Rs 40,000.
Andheri West
If one prefers to stay within Mumbai limits and close to business districts such as SEEPZ and Bandra Kurla Complex (BKC), then Andheri West may be a good option. The locality is not only close to the commercial centres, but it also has the luxury quotient of the western suburbs with good social infrastructure and connectivity.
While there are rental apartments available here in the budget of Rs. 40,000 per month, one has to settle down for a smaller configuration of apartment with smaller covered area when compared to peripheral localities. Most of the apartments available in this budget are semi-furnished 2 BHK apartments of sizes varying between 850-1,050 sq.ft.
Seawoods
If one prefers more space and is comfortable in moving out of the city, Seawoods in Navi Mumbai is a viable option. Seawoods is connected to the Belapur Central Business District (CBD) via Palm Beach Road and is well connected to Mumbai. Most of the seekers in this area are the people working in the CBD. There is a railway flyover which has been opened recently, connecting Palm Beach Road to NH-4. This has given boost to the rental market in the area. The locality also has a good social infrastructure with schools, hospitals and health care facilities.
Most of the properties available in the locality in the range of Rs. 25,000-40,000 per month are 2/3 BHK unfurnished or semi-furnished apartments of covered area around 1,100-1,300 sq.ft.
Sanpada
Sanpada is another area in Navi Mumbai that offers spacious apartments for the rental value of Rs. 40,000 per month. This micro market mostly attracts people working in Vashi, another commercial hub in Navi Mumbai. A flyover has been built near Sanpada recently, connecting the area to Palm Beach Road. This has reduced the commute time to Vashi.
The rental properties available in Sanpada are 2/3 BHK apartments in the area are semi and fully-furnished apartments of sizes varying between 1,200-1,500 sq.ft.
Ghodbunder Road
As one moves up towards Thane, one can find spacious apartments within the same budget. Ghodbunder Road is a prime locality in Thane. It provides a very good connectivity to Mumbai, Thane and Navi Mumbai. This locality is best suited for people working in areas such as Bhiwandi, other industrial areas in Thane and Vashi in Navi Mumbai. Ghodbunder Road also connects to the Eastern Expressway in Majiwada. Hence, people working in the Mumbai eastern suburbs can also look for rental accommodation here.
Rental apartments available in this area around the budget of Rs. 40,000 per month are spacious fully-furnished 3 BHK apartments of sizes around 1,600 sq.ft.
As seen above, apartment configuration as well as size increases as one moves further away from Mumbai towards Navi Mumbai and Thane for the same rental value. Moreover, the facilities available within this budget too are more as you move out of Mumbai. Hence, if you are looking for spacious apartments with more amenities within the Rs 40,000 budget, Navi Mumbai and Thane prove the best options.
