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Let’s get this straight out of the way. Mumbai is expensive as more and more people wander into the city. Which is known as – The City That Never Sleeps. People come looking in for jobs or an education but anyone coming into a new place would need a place to stay and finding affordable is a great task which lies ahead of you.
The average cost would be 9000 per month to 40,000 depending on the locality without the proper amenities. This is where Zolostays comes in, Providing PG accommodation that provides all basic amenities without emptying your pockets.
Understanding the Mumbai PG Landscape
Why Mumbai?
Mumbai’s allure attracts thousands of individuals annually, each aspiring to achieve their dreams in this bustling metropolis. This influx amplifies the demand for affordable and comfortable PG accommodations, subsequently influencing rent averages and availability.
Checkout: Cost of Living in Mumbai
What Factors to Consider When Choosing a PG in Mumbai?
- Location Matters: Prioritize areas such as Andheri, Goregaon, Malad, Borivali, Powai, or Kandivali based on proximity to your workplace or educational institution. This strategic decision can optimize both time and financial resources.
- Furnished vs. Unfurnished: Assess your budget and requirements. While furnished PGs may command a higher rent, they offer convenience by eliminating additional furnishing costs and efforts.
- Shared Accommodations: Consider sharing a PG to mitigate costs and cultivate a supportive community. Ensure compatibility with potential roommates to foster a harmonious living environment.
- Facilities and Amenities: Prioritize PGs offering essential amenities such as clean bathrooms, reliable Wi-Fi, nutritious meal options, and robust security measures. These elements significantly influence your overall living experience.
- Flexible Timings: Evaluate the PG’s regulations concerning timings and restrictions. Opt for accommodations aligning with your lifestyle, offering flexibility and convenience.
What is the Average Cost of PGs in Mumbai?
The cost of a PG in Mumbai typically ranges from INR 9,000 to INR 40,000 per month, influenced by various factors such as the locality, amenities offered, and the option to share expenses with a roommate.
Average PG Costs Across Mumbai’s Hotspots
| Location | Average Monthly Rent Range |
|---|---|
| Andheri | INR 12,000 – INR 23,000 |
| Goregaon | INR 11,000 – INR 42,000 |
| Malad | INR 12,000 – INR 25,000 |
| Borivali | INR 9,000 – INR 30,000 |
| Powai | INR 13,000 – INR 28,000 |
| Kandivali | INR 8,000 – INR 25,000 |
What are the Best PGs in Mumbai?
Finding a good place to rent in Mumbai while trying not to go poor is a challenge but there is an alternative to that. It’s called Zolostays, a PG solution platform that solves your accommodation problems with the seamless living experience that comes with it.
1. Chembur- PG for Gents and Ladies.
Chembur boasts numerous East Indian Catholic gaothans, served as a refuge camp for Sindhis and Punjabis post-partition migration, and witnessed a significant influx with Trombay’s commercialization.
2. Kurla- PG for Gents
Kurla, located in East Mumbai, India, serves as the administrative hub for the Kurla taluka within the Mumbai Suburban district.
3. Sion – Top Teir PG for Ladies and Gents
The Sion locality is renowned for its lush Maharashtra Nature Park, an urban oasis brimming with trails, butterflies, and migratory birds. Additionally, visitors can explore the historic traces of the 17th-century Sion Fort, offering stunning vistas of the nearby terrain.
4. Gents PG in Santacruz.
This locality houses the Santacruz railway station of the Mumbai Suburban Railway, the domestic terminal of Chhatrapati Shivaji Maharaj International Airport, and a campus of the University of Mumbai, making it a strategically located hub.
FAQ’s
Choosing a PG can benefit students with its inclusive amenities such as meals, laundry, and housekeeping, while also facilitating social interactions with peers and professionals at a more affordable cost than an apartment. However, renting an apartment provides students with enhanced autonomy and privacy.
Malabar Hill stands not only as Mumbai’s most upscale locality but also as India’s premier residential address, predominantly inhabited by billionaires and millionaires. Beyond opulent condos and penthouses, this elevated area boasts select properties valued at over Rs 300 crores.
Many Bollywood elites choose luxurious residences in Bandra and Juhu. These two areas predominantly host some of Mumbai’s most renowned celebrity homes, making them the epicenter for celebrity living in the city.
It varies based on your lifestyle. I’ve observed individuals earning less than 50k who manage to save around 8-10k monthly after covering all costs. Conversely, some individuals have expenses that surpass 50k.
Top residential areas in Mumbai suitable for middle-class families range from Ghatkopar, Bandra, Juhu, Kandivali, and Borivali to locales like Andheri, Worli, Lokhandwala Complex, and Versova.
The escalating cost of real estate in Mumbai can be attributed to its status as India’s financial and commercial epicenter. The city’s appeal to numerous businesses, multinational companies, and professionals, coupled with its limited land supply and dense population, fuels significant demand, consequently driving up property prices.
Typically, PGs in Mumbai offer cost-effective solutions. Consider why alternative accommodations might be pricier, and you’ll realize that a flat’s security deposit often equals several months’ rent at a PG, providing clarity on its affordability.
The most affordable regions to purchase a home in Mumbai include Ghatkopar, Vikhroli, Chembur, Powai, among others.
