{"id":4661,"date":"2021-12-26T19:16:19","date_gmt":"2021-12-26T19:16:19","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=4661"},"modified":"2021-12-26T19:16:20","modified_gmt":"2021-12-26T19:16:20","slug":"is-mumbai-better-than-thane-and-navi-mumbai-when-it-comes-to-rental-revenues","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/is-mumbai-better-than-thane-and-navi-mumbai-when-it-comes-to-rental-revenues\/","title":{"rendered":"Is Mumbai better than Thane and Navi Mumbai when it comes to Rental Revenues?"},"content":{"rendered":"\n<p><em>Despite its reputation as one of the most expensive property markets in the world, Mumbai continues to surprise investors looking to diversify their portfolios and increase their return on investment.<\/em> <\/p>\n\n\n\n<!--more-->\n\n\n\n<p>The city provides a variety of housing alternatives to potential homeowners in various locales, ranging from villas to flats. When considering a property investment, it&#8217;s important to check not only the location, building quality, and surrounding area, but also the rental yields. The appeal of Mumbai over Navi Mumbai and Thane among commercial office space occupiers is the main reason for its high rental yield. The bulk of Mumbai&#8217;s working population chooses to rent a house nearby because office space leasing is still at an all-time high. As a result, Mumbai&#8217;s rental rates have been steadily rising throughout the years. As a result, if you&#8217;re looking to invest to make a rental income, Mumbai is more likely to give superior returns in MMR. The following are a few micro-markets whose annual rental yields grew the most over the study period:<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.propertypistol.com\/blog\/is-mumbai-better-than-thane-and-navi-mumbai-when-it-comes-to-rental-revenues\/#Kurla_West\" title=\"Kurla West\">Kurla West<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.propertypistol.com\/blog\/is-mumbai-better-than-thane-and-navi-mumbai-when-it-comes-to-rental-revenues\/#Mahalaxmi\" title=\"Mahalaxmi\">Mahalaxmi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.propertypistol.com\/blog\/is-mumbai-better-than-thane-and-navi-mumbai-when-it-comes-to-rental-revenues\/#Tilak_Nagar\" title=\"Tilak Nagar\">Tilak Nagar<\/a><\/li><\/ul><\/nav><\/div>\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Kurla_West\"><\/span>Kurla West<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>The area&#8217;s rental appeal was\nboosted by its proximity to the well-known micro-markets of Kalina, Andheri,\nGhatkopar, Saki Naka, the city&#8217;s well-known industrial sector, and the\nBandra-Kurla Complex&#8217;s (BKC) Central Business District (CBD). Kurla (West) also\nhas unrestricted access to the rest of the city thanks to the Eastern Express\nHighway (EEH) and Lal Bahadur Shashtri Marg.Kurla has been a residential\nhotspot in the city for migrant workers and a desirable home choice for the\ninvestment community, thanks to its hassle-free living circumstances and\nnumerous career prospects.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahalaxmi\"><\/span>Mahalaxmi<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>Mahalaxmi, a prominent neighborhood\nwith a bevy of contemporary facilities, powerful infrastructure, and a smooth\nnetworking network, is home to various B-town superstars. However, because the\ntypical property values in the region are exorbitantly high, many people\ninterested in settling down in the area opt to rent rather than buy. While the\nmonthly rent for a medium-sized 2 BHK property in Mahalaxmi is between Rs\n90,000 and Rs 1.3 lakh, the EMIs might be anywhere between Rs 3-3.5 lakh. As a\nresult, rental properties are a popular choice, according to Vijay Kumar, the Property\nConsultant at Jai Ambe Real Estate.With the projected Cuffe Parade-Mahalaxmi\nmetro route and the building of proposed bridges near the Mahalaxmi Railway\nstation, Mahalaxmi&#8217;s investment potential might rise even further.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Tilak_Nagar\"><\/span>Tilak Nagar<span class=\"ez-toc-section-end\"><\/span><\/h5>\n\n\n\n<p>One of the most important aspects that led to the area&#8217;s rental appeal is its geographic position. The micro-market is close to the Mumbai Harbour Line and the Santacruz-Chembur Link Road, providing easy access to many sections of the city such as Andheri, Goregaon, and Panvel. A surge of high-rise residential buildings in favor of traditionally built chawls, as well as an increase in the number of Occupancy Certified (OCs) developments, have further improved the area&#8217;s desirability among tenants. The average monthly rent for a 2 BHK property in Tilak Nagar is between Rs 30,000 and Rs 35,000, based on a purchase price of Rs 1.5-2 crore.<\/p>\n\n\n\n<p style=\"font-size:12px\"><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite its reputation as one of the most expensive property markets in the world, Mumbai continues to surprise investors looking to diversify their portfolios and increase their return on investment.<\/p>\n","protected":false},"author":2,"featured_media":4662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[124],"class_list":["post-4661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-locality-overview","tag-rental","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Is Mumbai better than Thane and Navi Mumbai when it comes to Rental Revenues? - Real Estate Sector Latest News, Updates &amp; 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