MMR Rental Property Insights for Q2, 2015

Q: Which are top 5 rental markets based on availability and rental yield in Q2 2015?

Aneek Das,

14th July 2015

Rentals in Mumbai

top 5 rental markets in mmr

rental markets in andheri east

mmr q2 2015 report

rental markets in mumbai in q2 2015

top 5 rental localities in mmr

rental markets in goregaon east

rental markets in malad west

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And for the top rental markets in gross rental yield, 4 out of the 5 top areas are the same as those based on the rental availability. Only Kandivali East from the list, based on rental availability, has been replaced by Mira Road.

Dev Patel, Mumbai

14th July 2015

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Gr8 Dev,
I think you have a good geographical knowledge of Maharashtra. Am i right? Can you tell me why the rental demand in Mira road is so high compare to the other localities?

pradyumanapte, Mumbai

14th July 2015

Hi Pradyuman.
I was born and grow up in Mumbai and working in a transport company. Because of that i have to visit several parts of the MMR.

The demand of rental property in Mira Road is due many factors. It is considered to be an affordable destination. Situated in north western region and part of Mira Bhayandar, Mira Road is very well connected to the key business hubs of BKC and SEEPZ via the western express highway (WEH). As result, there is a good rental demand.

Dev Patel, Mumbai

14th July 2015

Hi Rajat,
I think out of top 5 rental localities in MMR, based on availability, 4 micro markets are spread across Western suburbs while one is in the central part.

Dev Patel, Mumbai

14th July 2015

Comment

True Dev,
The western suburbs of Goregaon East, Malad West, Andheri East and Kandivali are seeing high rental demand from people working in neighbouring office spaces at Bandra Kurla Complex (BKC) and SEEPZ SEZ. While Powai, the central suburb, is mainly seeing demand from those working at Kensignton SEZ which houses several IT/ITeS companies and other business establishments.

Rajatrawal, Mumbai

14th July 2015

Apart from that Powai also has the popular IIT Mumbai. And off late, the area is also being considered a hub for several start-ups such as MoFirst, Saukk.com, Instamojo, NAV Capital among few.

Dev Patel, Mumbai

14th July 2015

Hi Aneek,
As per commonFloor data top 5 rental localities based on availability are Goregaon East, Malad West, Andheri East, Powai and Kandivali East respectively. And the localities based on rental yields are Andheri east, Goregaon East Powai, Mira Road and Malad West.

Rajatrawal, Mumbai

14th July 2015

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