Rental Property Tracker MMR Q3 2015

Q: Which are the top 5 rental markets in Q3 2015 as per availability? And what is the reason behind it?

Saran,

6th October 2015

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Replies (3)

Hi all,
According to commonfloor report, Virar, Powai, Andheri East, Nalasopara and Malad West are the top 5 rental markets in MMR as per rental yield. Nalasopara East replaced Mira Road at fourth position, while last slot was retained by Malad West.

Jerome Fernandez, Mumbai

6th October 2015

Comment

Right Mani,
Andheri East maintained its 3rd place. Because of easy connectivity to the domestic and international airport and to commercial hubs like Bandra-Kurla Complex, Lower Parel and the eastern suburbs which have made it a preferred rental destination in MMR.

Rituraj,

6th October 2015

Comment

Yes, and Powai, which secured 4th position, is mainly seeing demand from those working at Kensignton SEZ which houses several IT/ITeS companies and other business establishments. 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, to name a few.

Manilal Patel, Mumbai

6th October 2015

Do you know that Kharghar occupied 5th position replacing Kandivali East. The major reason is, it is located along the Sion-Panvel Highway, Kharghar is one of the most posh localities in Navi Mumbai, which also boasts of a 18-hole golf course. Its proximity to areas such as Vashi, CBD Belapur, Mahape and the industrial hub Taloja makes it an ideal destination for people working in these locations.

Rituraj,

6th October 2015

Interestingly, Powai and Andheri East also featured in the list of top 5 localities based on rental yield. Virar was the topper in terms of rental yield. Reason, connectivity via Western Express Highway and Virar Railway Station coupled with robust social infrastructure has helped the area climb the realty growth ladder.

Manilal Patel, Mumbai

6th October 2015

Hi,
For the 3rd consecutive time in the year 2015, Goregaon East once again lead the first position based on availability. Accessibility to the Western Expressway and Bandra Kurla Complex (BKC) are two major reasons catalyzing rental demand here. Others are Chembur, Andheri East, Powaia and Kharghar.

Mahendra, Mumbai

6th October 2015

Comment

As i know, 2nd place was secured by Chembur replacing Malad West. This is mainly because through the Eastern Freeway, the western suburbs and prominent office spaces of Bandra-Kurla Complex (BKC) and Lower Parel are easily accessible from here.

Manilal Patel, Mumbai

6th October 2015