What is the cost of living in mumbai (2021)

Willing to maneuver to Mumbai to kick starter your new life during this New Year 2021? This small guide is for all the expats within the house in order that they will have a thought of the value of living in Mumbai and renting properties within the posh area. So, without wasting any longer time, allow us to check out the table of content then at the various sections loaded with information!!



Cost of living in Mumbai

Parameters

Families

Couples

Bachelors

Accommodation

20,000 to 40,000

15,000 to 25,000

5,000 to 10,000

Transport

2,000 to 3,500

1,500 to 3,000

1,000 to 2,000

Groceries

12,000 to 25,000

5,000 to 10,000

2,000 to 3,500

Utilities

2,000 to 3,500

2,000 to 3,500

2,000 to 3,000

Entertainment

2,500 to 5,000

2,000 to 4,000

5,000 to 7,000

Shopping

4,000 to 7,000

3,000 to 6,000

4,000 to 6,500

Posh Areas in Mumbai


Malabar Hills

Cuffe Parade

Tardeo

Juhu

Bandara West

Lokhandwala Complex

Versova

South Mumbai

Worli

Altamount Road

Colaba

Powai

Andheri

Beach Candy

Mahalaxmi

Thane

Santacruz

Goregaon

Malad

Panvel

Wadala

Ville Parle

Dombivli

Chembur

Powai

 

Have a glance to the explanations of moving to Mumbai:

  • ·         Mumbai is taken into account safer and sound than other Indian cities.
  • ·         You get a hub for theaters and halls in here in Mumbai
  • ·         Mumbai is one such city where you get to ascertain diversified culture and everybody living here in peace
  • ·         Move to Mumbai and luxuriate in sea-facing views
  • ·         Mumbai is understood because the “City of Dreams and Dreamers,” supplying you with a hub of latest opportunities.

 Mumbai is that the financial capital of India and a serious hub for business, commerce, and trade. With such a mix of opportunities that Mumbai presents to its residents, there's no surprise that Mumbai is ranked because the most populous city in India! This population not only includes the local Mumbaikars but it also largely consists of migrants from other states too who come to satisfy their dreams during this city.

With such an enormous inflow of individuals and also the reputation of being one among the foremost popular cities in India, Mumbai was always sure to be an upscale city to measure in. the value of living in Mumbai is relatively above the other metropolitan city in India. 

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1. Accommodation

Rental Accommodation will burn the most important hole in your pockets. the utmost chunk of your budget goes into paying rent. The land prices are high then are the rental prices. The rents vary consistent with the world of your choice. Mumbai provides you with various options starting from as low as Rs. 5000-12000 per month in areas like Navi Mumbai, Thane, etc. to as high as Rs. 30000-50000 in areas like South Mumbai, Juhu, etc.

For students and Bachelor’s, Mumbai offers various options of PG’s and shared accommodations too. Rents for PG’s and sharing flats can cost around Rs. 5000-Rs. 8000 in areas like Thane, Navi Mumbai, etc. For couples or families moving to Mumbai, an honest sized 1 Bhk in such areas can cost you somewhere around Rs. 8000-Rs 15000.

2. Transport

Mumbai offers you a huge range of conveyance facilities. Mumbai has the simplest local train network which actually saves you from the traffic and is also easy on the pockets. Mumbai also has the most important organized bus network among major Indian cities. you furthermore may have autos, cab services, and bike rentals. 88% of commuters in Mumbai use conveyance . Mumbai is also developing an expansive metro train service.

Normal fares for BEST non-a/c buses are a minimum of Rs.8 for two Kms. Similarly, Autos will charge you around Rs. 18 for a distance of 1.6Kms. Local trains fares depend upon the amount of stations and can be Rs. 10 to Rs. 45 counting on the Second or first-class .

3. Food

The next important thing after your accommodation is Food. the foremost economical thanks to save on food expenses is to cook for yourself or hire a cook. Hiring a cook/maid in Mumbai can cost you from Rs. 1000 for part-time, to Rs.15000 for full day work. If you’re too lazy to line up a kitchen, Mumbai has many options for Dabba’s or Tiffins. the typical prices for Tiffin services for a month are around Rs. 1500-3000 per month.

This also seems to be a cheap option. For the more experimental types, Mumbai also features a vast range of Restaurants and Hotels altogether localities which deliver food at the doorstep through food delivering apps like Zomato, Swiggy, etc. counting on your budget you'll choose your food habits.

4. Groceries/ Household Stuff

All your daily need things like milk, Bread, Rice, Poultry items, Fruits, etc, are readily available at MRP prices in nearby Kirana stores, Supermarkets which are present in abundance. tons of online grocery delivery apps like Grofers, Big Basket, etc. also provide this stuff at the doorstep . The typical monthly expenditure on groceries involves about Rs. 6000 per month.

5. Utilities

Expenses like Electricity, Gas, Internet, Phone, TV, Cable, DTH, etc. would take up a substantial amount from your budget. Counting on the situation you reside and also the sort of accommodation, the utility prices will vary. Usually, it’ll range from somewhere around Rs. 2000 to Rs. 6000.

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6. Shopping

If you’re a shopaholic, you’re lucky to be in Mumbai then. Mumbai offers you the newest trends and fashion. Being the house for Bollywood, Mumbaikers take their fashion sense very seriously. You’ll find trendy clothes, shoes, etc. At street-side shops and you'll also find all the large brands and showrooms everywhere Mumbai.

Places like Linking Road, Colaba, Lokhandwala market, Hill Road provide you with all the newest trends in fashion at very decent prices. You’ll find Shoes, Clothes, Accessories, electronics, bags, etc. in the least these places. If you’re trying to find high-end shopping malls and branded showrooms, Mumbai has many that too. The range for a Tshirt is often from Rs. 200 at Linking Road to Rs. 2500-3000 at branded showrooms.

Cost of Renting Properties in Mumbai

Posh areas in Mumbai

1BHK

2BHK

3BHK

Juhu

40,000 to 55,000

50,000 to 70,000

60,000 to 80,000

South Mumbai

30,000 to 45,000

40,000 to 65,000

60,000 to 1L

Worli

40,000 to 60,000

50,000 to 90,000

60,000 to 1L

Andheri West

30,000 to 45,000

40,000 to 55,000

50,000 to 80,000

Dadar

30,000 to 40,000

40,000 to 60,000

50,000 to 70,000

Bandra West

35,000 to 45,000

40,000 to 60,000

55,000 to 95,000

Jogeshwari West

20,000 to 30,000

35,000 to 50,000

40,000 to 65,000

 Reasons to move Mumbai in 2021

Mumbai has also been known for giving us soothing songs, commendable moves, inspirations, actors, actresses, and singers. But aside from being a Bollywood driven city, Mumbai has its feel and vibe that comes from its diversified culture.

Are you the one who is getting to move to Mumbai but somewhere having a bunch of doubts, then this particular a part of the entire write-up is merely for you. Here, some reasons are given below to assist you create your mind for moving to the present gorgeous city.

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