Business & Finance Renting & Real Estate

Buy Or Rent In Mumbai?

The first question arises about the purpose. If you plan to settle in a town, its better to buy a home. If your stay is dependent on employment and your family stays elsewhere, it is advisable to rent a flat. Another reason to rent an apartment in Mumbai is if youre a bachelor and not sure where your future lies after marriage.

Feasibility is a matter which is always a huge factor in deciding whether to buy or rent in Mumbai. Always known for sky high property rates, apartments in Mumbai are among some of the costliest in the world! No wonder many people turn to renting instead of taking huge loans and paying off EMIs for the rest of their lives. Even the location and the availability of flats in the preferred area is an issue in a saturated city like Mumbai. When flats are not available for sale in the coveted suburbs, people are left with no option but to go for rented apartments.

Most people find it difficult to buy a home in Mumbai due to the extreme prices. But the heart wants what the heart wants. People tend to get emotional and yearn for their own home in maximum city. You can design your home through your eyes and proudly turn it into a paradise for your family. But are there developers who can provide quality homes at inexpensive rates?

Ravi group has been in Mumbai for the past two decades. A big name in the real estate market, it has played a big role in developing major areas like Mira road. Their current projects, Gaurav Excellency in Mira Road (E), Gaurav Discovery in Malad (W), and The Era in Kandivai (W) are some of the best in Mumbai with a price tag that doesnt cost an arm and a leg. If you want to own your own home, Ravi group Mumbai is the name you can bank on.

It is essential to know beforehand whether youre ready to buy a house for yourself or not. If youre renting one, you must be aware of the downsides and curbs of free will in a rented apartment. It is a personal choice with financial and social ramifications. Choose wisely.


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