The infrastructure is constantly improving and taking the high road in Mumbai with unquestionable amenities. Rental rates completely depend on the area that you are choosing to go for in Mumbai. Some posh areas have high rents for even 1BHK flats.
According to experts, Mumbai is a highly supply-constrained market where demand always outstrips supply by a huge margin, which has been driving the hike in rents.
In Andheri (East), the rent for a 3BHK apartment has gone up from last year’s Rs 27,000 to Rs 31,000. In Bhandup, it has shot up by 30 per cent, from Rs 25,500 to Rs 33,000.