top 9 places to live on RENT in mumbai.

 Mumbai has always been synonymous with welcoming people from all areas of the world and all walks of life, given the abundance of employment opportunities offered by this financial capital of India. Additionally, Mumbai has been preferred by people to settle in with their families ascribed to the availability of sound civic amenities, social facilities, and public transport infrastructure.

Ironically, finding a suitable residential place in Mumbai is one of the biggest challenges that someone migrating to the city faces. From choosing between staying closer to one of the spouse’s work place, to staying nearby children’s school-finding a suitable home within one’s budget is always a tough decision to make in Mumbai. (Yeah... you may blame that on the peak hour traffic!)

However, with Magicbricks at your disposal, you need not worry about finding the right accommodation. Let’s have a look at the best areas to live in Mumbai you can consider for renting a home for your family:

1. Colaba- Cuffe Parade

Colaba is one of the most sought after destinations in Mumbai for renting a home. Housing some of the major commercial hubs of Mumbai such as the Maker Chambers, World Trade Centre, Maker Towers, Mittal Chambers, Income Tax Offices, New administrative Building, and Mantralaya, among others, the South Mumbai localities of Colaba, Cuffe Parade, and Nariman Point are highly preferred on the back of proximity to workplaces.

It is also one of India’s most expensive real estate destinations with an average rental price for a decent 1,000 sqft 2BHK apartment being around Rs. 1.25 lacs per month.

2. Worli- Lower Parel

Famous for major mills and industrial complexes till the early 1980s, the localities such as Worli and Lower Parel have gradually evolved into a commercial hub that houses many business parks such as Indiabulls Finance Centre, Lodha Excellus, Lodha Supremus, Peninsula Business Park, and Peninsula Corporate Park. 

Further, after work hours, this is also the most happening place of South Mumbai hosting various upscale cafes, lounges, clubs, restaurants, and gaming zones in the Kamala Mills Compound, Palladium Mall, and Highstreet Phoenix Mall, among others.

Average monthly rent for a 2BHK in this locality is around Rs. 80,000.

3. Dadar-Matunga-Parel

The adjoining localities of Dadar, Matunga, and Parel are a part of the South Central Mumbai. Residential demand for these localities is driven by proximity to the commercial hub of South Mumbai, along with easy connectivity to the western suburbs.

These areas are home to some of the prominent educational institutions including JBCN International School, Kirti College, Ruia College, Welingkar Institute of Management, and Indian Education Society (IES), among others. 

A decent 1,000 sqft 2BHK in Dadar, Matunga, or Parel would rent for average Rs. 74,000 per month.

4. Juhu

Juhu is a suburb in the western part of Mumbai, overlooking the Arabian Sea. It is often touted as the Address of the Affluent. Being close to sea- side and in vicinity of the IT/ITeS hub of Andheri, is what drives the demand for residential housing in Juhu. 

Further, Juhu is also home to some of the prominent celebrities, including Amitabh Bachchan, Hrithik Roshan, Anil Kapoor, and Hema Malini, among others. 

Renting a 1,000 sqft 2BHK apartment in Juhu could set you back by an average Rs. 77,000 per month.

5.  Powai

Powai- Mumbai’s very own Silicon Valley has been favoured by many corporates managing the MNCs situated in the commercial hubs of Kensington SEZ, and the Hiranandani Knowledge Park situated in Powai itself. Attracted by the up-scale self sufficient residential complexes that promote walk-to-work concept, Powai is increasingly demanded by home seekers in Mumbai.

The posh residential cum commercial neighbourhood of Powai is hosts many successful start-ups and the Indian Institute of Technology (IIT) Bombay, one of the most elite engineering institutions in the world. 

One can rent a decent 2BHK apartment in Powai measuring somewhere around 1,000 sqft for an average Rs. 49,000 per month.

6. Ghatkopar East

Ghatkopar East is a prominent locality in the eastern suburbs. It is a quiet and serene neighbourhood housing some old low-rise residential buildings as well as new high rises.

This locality holds a strategic importance as it boasts of direct connectivity to the western suburbs through the Andheri-Ghatkopar Metro. Further, its proximity to the Eastern Freeway and Sion-Panvel Expressway offers swift connectivity to South Mumbai and Navi Mumbai.

However, one key point to be noted is that the majority of the population in Ghatkopar East comprises of Vegetarians. So there is a high chance of Non-Vegetarian people being denied of rental homes by the landlords or the housing societies. 

Renting a 1,000 sqft 2BHK apartment in Ghatkopar East could cost you around Rs. 48,000 per month.

7.  Borivali

Borivali is a suburb in the northern part of Mumbai, dominated by residential development. It is one of the very few localities in Mumbai which is surrounded by ample greenery. It overlooks the Sanjay Gandhi National Park and a huge Mangroves belt. 

Situated on the Western line of the Mumbai Suburban Railway network, it has direct access to the IT/ ITeS and commercial hubs of Andheri, Malad, Goregaon, and Bandra Kurla Complex, among others.

Fun fact: Consider yourself lucky if you could find a parking spot in Borivali during the annual Dandiya Nights hosted by Falguni Pathak! For an average rent of Rs. 38,000 per month, one can have a 2BHK apartment in Borivali.

8. Kandivali

Kandivali is one of the prominent areas of Mumbai which offers residential as well as industrial spaces. The main reason for the development of this area is its close proximity to major employment hubs. 

Kandivali has excellent connectivity to many major areas through western line, western expressway, New link road and SV road. Few of the nearest employment hubs are DLH Park, Infinity IT Park, Lotus Corporate Park, NESCO IT Park, Synergy Business Park. Some of the prominent educational institutions near Kandivali are Thakur International School, Ryan International School, Kandivali Education Society, and Nagindas Khandwala College. AN average rent in this locality is Rs 30,000 for a 2BHK apartment. 

9.Goregaon East

Goregaon East is located on the western suburbs of the city neighbouring Malad East, Jogeshwari East, and Sanjay Gandhi National park. The locality is strategically located on western highway offering easy connectivity to the entire city. Mumbai International Airport is just 9 kms away and Goregaon Oshiwara metro station is also a few minutes away. Goregaon East houses a mix of good physical and infrastructure. Social amenities nearby are  Oberoi Mall, City Centre Mall, Alankar Shopping Complex.  For a 3BHK apartment you will have to spend somewhere between Rs 40,000 to Rs 50,000.

Conclusively, finding a house to live in ‘city of dreams’ is a difficult task but with so many localities available you can find a house. However, you should consider multiple factors like physical and social infrastructure before renting a property. and  I hope this guide has helped you select a locality to live in Mumbai for rent.