Renting in Mumbai per square foot
Windows of a high rise residential building are pictured in south Mumbai. The cost for buying a 900 square feet (83.5 square meters) two-bedroom apartment in the seen building is around Rs 70,000 per square feet or Rs 63,000,000. The rent for an apartment in the same building is around Rs 110,000 per month.
Windows of various apartments of a high-rise residential building are seen in the western suburb of Mumbai. The cost for buying a 269 square feet (25 square meters) one-bedroom apartment in this building is around Rs 9,293 per square feet or Rs 2,500,000. The rent for an apartment in the same building is around Rs 10,000 per month.
Mumbai, the financial capital of the country, holds a population of 23 million. In a city where skyscrapers exist along side old residential buildings, where unsold luxurious apartments are found in surplus while there is shortage of cost-effective accommodation, the divide between the rich and the poor remains clearly defined. Let us have a look at a few residential areas in the city and their ranging prices:
In the picture, a resident locks the door of an apartment of an old residential building in Mumbai. The cost for buying a 240 square feet (22 square meters) one-bedroom apartment in this building is around Rs 8,333 per square feet or Rs 2,000,000. The rent for an apartment in the same building is around Rs 10,000 per month.
A high-rise residential tower is seen next to shanties in Dharavi, one of Asia's largest slums, in Mumbai. 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 Indian city. Rents for a place to live range from more than $2,000 to less than $5 a month.