Every year, Mumbai experiences a huge influx of working professionals, and everyone looks to rent a house closer to their work location. One of the major reasons driving the residential rental market of Mumbai is its rail network that connects the suburbs to the city's major commercial districts like the Bandra Kurla Complex (BKC). “Precisely, the suburban pockets of Mumbai, like the Nalasopara West, offer a plethora of affordable rental options. You can easily find a residential accommodation on rent within Rs 10,000 per month. However, the configurations that can be found within this budget are 1 BHK and 1 RK units. Also, one has to let go of hopes for furnished or semi-furnished accommodations,” shares Mohanlal Maurya, Proprietor, Millenium Estate Consultants.
Here are the top five rental destinations in Mumbai within Rs 10,000 -
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Nalasopara West
Nalasopara West is one of the upcoming residential abodes well-connected to the cores areas of Mumbai. The Western Railway Line connects Nalasopara West to the prominent employment centres, such as Goregaon, Andheri and Bandra Kurla Complex (BKC). The locality also has a good network of roads like Virar-Nalasopara Link Road, Station Road and Pelhar Road. Besides, a well-rounded social and retail infrastructure with key schools, hospitals and shopping complexes within a nine km radius also adds to the residents’ respite.
As per the 99acres listings, more than 80 percent of the rental properties ranging between Rs 5000 and Rs 10,000 in Nalasopara West are 1 BHK configurations. However, the apartments available are often unfurnished, and only a few semi-furnished units can be found in this range. You can also find rental accommodation within gated communities with stilt parking facilities.
Areas to rent a home in Mumbai within Rs 10,000 per month | |
Localities | Configurations available |
Nalasopara West | 1 BHK |
Bhandup West | 1 RK and 1 BHK |
Malad West | 1 RK and 1 BHK |
Vasai East | 1 BHK |
Kanjumarg East | 1 BHK |
Bhandup West
Bhandup West, a suburb in western Mumbai, has ample residential and commercial properties. Many who opt to rent a home here work in the nearby Shanti Industrial Estate (within 4 km), which houses companies, such as Crompton Greaves, CEAT Tyres, and Asian Paints Limited. It is also within a 10 km range of Lal Bahadur Shastri Road (LBS Rd), which houses pharmaceutical companies like Galxo and Johnson & Johnson. Served by the Central Railway Lines, Bhandup Station caters to the area, along with the Eastern Express Highway (EEH), which connects it to the other parts of the city. It is noteworthy that the proposed Bhandup Metro Station on Line 4 (Wadala- Mulund - Kasarvadavali) will further boost its connectivity and thereby increase the rental demand in the micro-market. The locality also has a healthy mix of schools, hospitals and retail markets within a five km radius.
As per the 99acres data, the average monthly rental in Bhandup West is Rs 5,000-10,000 per month, and within this range, about 30 percent of the properties available for rent are 1 RK configurations while the rest are 1 BHKs.
Malad West
Malad West is an upscale locality and prominent rental market in the western suburbs due to its proximity to the Mindspace IT hub, Infinity IT Park, NESCO IT Park, Nirlon Knowledge Park, Veera Desai Industrial Estate, and Charkop Industrial Estate. It also enjoys proximity to the other commercial centres in Mumbai, such as the Bandra Kurla Complex (21 km), Santacruz Electronic Export Zone (SEEPZ) (11 km), Kensington SEZ (16 km), MIDC Andheri (12 km) and Hiranandani Business Park (15 km).
Malad West has a nexus of developed roads and railways, connecting it to the western and southern areas of Mumbai. It is served by the Western Railway Line and Harbour Line, SV Road, New Link Road, and the Western Express Highway (WEH). Furthermore, the Metro Line 2A (DN Nagar- Dahisar West), which is expected to open for the public in the early months of 2022, would fillip the connectivity to the Mumbai International Airport, which is located around 16 km from Malad West.
According to Hitesh Damnlwala, Proprietor, Dhruhi Realty LLP, “With remote working in place young professionals have been opting out of shared living arrangements and looking for independent accommodations. This has motivated the landlords to offer rental discounts on 1 BHK and 1 RK units to lure tenants. Jankalyan Nagar, in Malad West, offers such configurations within Rs 10,000 per month. Most societies in Jankalyan Nagar have boring water supply and provide uninterrupted power back-up. Further, every tower has security guards, which ensures safe living environment.”
Almost 80 percent of the properties listed for rent in Malad West within Rs 10,000 are 1 RK units. The rest are 1 BHK units, commanding an average monthly rental of Rs 8,000-10,000.
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Vasai East
A rising suburban area in the Palghar district, Vasai East is integral to the Mumbai Metropolitan Region (MMR). The prime employment avenues, such as Andheri, Goregaon, Malad and Bandra Kurla Complex (BKC), are connected to Vasai East via the Western Railway Line. This is one of the major reasons for people to seek rental accommodation in the locality. Other reasons are that it is dominated by multi-storey apartments and co-operative housing societies with good social amenities like schools, hospitals, and shopping centres within an eight km radius. Besides, the vital National Highway-48 (NH 48) can be reached via Sativali Road, just about five km away from Vasai East.
Vasai East offers rental properties within the range of Rs 7,000-10,000 per month. However, it must be noted that within this budget, about 90 percent of the properties are of 1 BHK configuration, leaving just about five percent of 1 RK and five percent of 2 BHK configurations.
Kanjumarg East
Kanjumarg East is one of the developed residential localities in the East Central Suburb of Mumbai. Primarily the locality serves the rental requirements of those working in the employment centres of Powai and Tata Nagar, which are located around 10 km away and houses many IT/ITeS, BFSI, and Micro, Small and Medium Enterprises (MSMEs). Moreover, the Kanjurmarg Railway Station on the Central Railway Line of the Mumbai Suburban Railway network provides swift connectivity to other parts of the city. The upcoming Metro Station on Line 6 (Lokhandwala-Jogeshwar-Kanjurmarg) is also expected to considerably reduce the travel time of commuters heading to Andheri, one of the major employment centres in Mumbai.
As per the property listings on 99acres, the average monthly rentals in Kanjumarg East range between Rs 7,000 per month and Rs 11,000 per month for a 1 BHK configuration.
Overall, Mumbai remains one of the costliest residential rental destinations in India. However, its seamless railway network has helped real estate expansion to the seams and paved the way for new housing opportunities at a low cost. Apart from the localities mentioned above, you can also consider micro-markets like Badlapur and Ambernath in Thane for affordable accommodations. These areas have scores of budgeted rental destinations offering swift connectivity to the outskirts.
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