Rental Housing in Mumbai – A CommonFloor Report

Mumbai is known as the financial capital of India. As such, it attracts migrants from all over India who like to come to this city in search of work. As the population has increased over the years, there is a growth in demand for property purchases here as well as people who look for rental property. However, there are various factors that influence the rental values in Mumbai such as social amenities, employment opportunities and infrastructure. Rentals in Mumbai can be classified under various categories such as rentals according to location, typology and configurations. 

“As part of ‘Real Insights’ into real estate, CommonFloor.com has come up with a detailed report on Mumbai real estate market – one of the key markets in the country – with in-depth analysis based on CommonFloor data.

   For detailed report“

Factors affecting rentals in Mumbai

There are several factors that influence the rentals in Mumbai. However, there are four factors that majorly affect the rentals in Mumbai.

Classification of rentals in Mumbai

Rental properties in Mumbai may be classified under various categories. This report analyses the rental properties under four classifications.

1) Classification according to configuration

2) Classification based on location of the property

3) Classification based on typology

4) Classification based on segment

Rental yield

Rental yield indicates the rate of return earned (% of return) by renting the property. While the property rent is a simple rental income, you should calculate the rental yield if you want to know what returns you may expect by letting out your property on rent. Rental yield is the annual rental income divided by the property cost. The property cost takes into account the annual costs of the property. Hence,

Rental yield = (Annual rental income – Costs)/Cost of property