News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 9 years ago
Rediff.com  » Business » Mumbai: Here residential rents range from $5 to $2,000!

Mumbai: Here residential rents range from $5 to $2,000!

April 27, 2015 15:09 IST
Get Rediff News in your Inbox:

In Mumbai, the windows of new high-rise apartment blocks, old low-rise residential buildings and shantytown shacks portray the disparity in living conditions and incomes in the city.

Image: A high-rise residential tower is seen next to shanties in Dharavi, one of Asia's largest slums, in Mumbai. Photograph: Danish Siddiqui/Reuters
 
 

Rents for a place to live range from more than $2,000 to less than $5 a month. 

Image: The rent for an apartment in the same building is around Rs 15,000 ($ 240) per month. Photograph: Danish Siddiqui/Reuters
 
 

The cost for buying a 600 square feet (55 square meters) one-bedroom apartment in this building is around Rs 20,000 per square feet ($ 320) or Rs 12,000,000 ($ 192,000). 

The cost for buying a 2,500 square feet (232 square meters) three-bedroom apartment in this tower is around Rs 70,000 per square feet ($ 1,119) or Rs 175,000,000 ($ 2,798,682). 

The cost for buying a 2400 square feet (223 square meters) three-bedroom apartment in the completed residential tower is around Rs 36,400 ($580) per square feet or Rs 87,360,000 ($1.40 million).

The rent for an apartment in the same building is around Rs 150,000 ($2,400) per month. 

Image: Windows of residential buildings are pictured in south Mumbai. Photograph: Danish Siddiqui/Reuters
 
 

The cost for buying a residential apartment in Mumbai close to the city centre ranges from Rs 12,000 ($200) per square feet to Rs 112,552 ($1800) per square feet. 

 
Image: Windows of a high rise residential building are pictured in south Mumbai. Photograph: Danish Siddiqui/Reuters
 
 

The cost for buying a 900 square feet (83.5 square meters) two-bedroom apartment in the building is around Rs 70,000 ($ 1,119) per square feet or Rs 63,000,000 ($ 1.07 million).

Image: A high-rise residential tower is seen next to an under construction tower in central Mumbai. Photograph: Danish Siddiqui/Reuters
 
 

The cost for buying 450 square feet (41 square meters) one-room apartment in this building is around Rs Rs 15,555 ($250) per square feet or Rs 7,000,000 ($ 112,000). 

The cost for buying a 369 square feet (34 square meters) one-bedroom apartment in the completed tower is around Rs 24,000 ($ 385) per square feet or Rs 8,856,000 ($ 136,000). 

The cost for buying a 270 square feet (25 square meters) one-bedroom apartment in this building is around Rs 11,850 ($190) per square feet or Rs 3,200,000 ($ 51,175). 



The cost for buying a 240 square feet (22 square meters) one-bedroom apartment in this building is around Rs 8,333 ($ 135) per square feet or Rs 2,000,000 ($32,000). The rent for an apartment in the same building is around Rs 10,000 ($160) per month. 

The cost for buying a 500 square feet (55 square meters) one-bedroom apartment in this building is around Rs 17,000 per square feet ($ 270) or Rs 8,500,000 ( $136,000).

The rent for an apartment in the same building is around Rs 12,000 ($190) per month. 

The rent for a 100 square feet (9.29 square meters) shanty in Dharavi ranges from Rs 2.5 ($ 0.04) per square feet to Rs 3.5 ($ 0.06) per square feet. 

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!