Navi Mumbai and Thane: The Budget Localities for Rental Flats in Mumbai

Property at Makaan.com

Navi Mumbai and Thane are considered as the cost-effective localities for the tenants looking for real estate in Navi Mumbai. These twin localities are considered most preferred areas for those who are low on budget. Having lived in Thane for almost 2 years, I have a fair idea of the rental areas in its different localities. The rental rates, since then, however, have appreciated too much. What we were paying monthly was 9k for a 2 BHK unfurnished flat in Kalwa. Along with this, we also paid a deposit of Rs. 40000/-. Let's see what are the average monthly rentals in other areas of Thane and Navi Mumbai.

A few popular localities in Thane, where you can find a 2 BHK flat on rent in Mumbai in the 20-30k range include Manpada, Pokhran Road, Vasant Vihar, Pokhran-2, Thane (W), Khopat, Ram Murti Road, Ghodbunder Raod, Teen Hath Naka, Majiwada, Louis Wadi, and Hiranandani Estates. The lesser rates can be expected at Ghodbandar Road: a 2 BHK apartment with monthly rental between 9k-17k is  available here for the tenants. At Kasar Vadavali, the rate as low as 4-5k can be expected.

What about rental flats in Mumbai in the Navi Mumbai area? The localities where you can find flats within the rental range 8-20k are Khargar, Seawoods, Kamothe, New Panvel, Mansarovar, and Balkum. The average rates at localities are: Nerul (15-30k), Airoli(15-17k), Vashi (20k-2.5 lacs), Koparkhairane (18-22k). To rent a house in Mumbai in Navi Mumbai at cost-effective rates, Khandeshwar can be the best option. Here the per square feet value is as low as Rs. 7/-. A 2 BHK at Khandeshwar would cost you somewhere around 7-8k.

If you are searching for flat on rent in Mumbai, Navi Mumbai and Thane stand out as the best budget options. The rates are flexible and with a little negotiation, you can fix the rate with your landlord.


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