Should I buy or rent a home in Mumbai?
If you have not spent a lot of time in Mumbai, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Mumbai can be a great investment, as the city is a major economic hub and real estate prices are likely to continue to rise. However, it is important to consider the cost of buying a home in Mumbai, as well as the cost of maintaining it. Renting a home in Mumbai can be a more cost-effective option, as it allows you to live in the city without the long-term commitment of buying a home. Additionally, renting a home in Mumbai can give you the flexibility to move to a different area of the city if your needs change. Ultimately, the decision to buy or rent a home in Mumbai should be based on your individual needs and financial situation," explained one expat living in Mumbai, India.
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Other Questions:
- What should I pack when moving to Mumbai?
- Where should I setup a bank account in Mumbai?
- Will I be able to find a job in Mumbai?
- What is life like in Mumbai?
- What do expats in Mumbai appreciate most about the local culture?
- What do expats find most challenging?
- Is there a lot of crime in Mumbai?
- Is there a lot of diversity? Are people in Mumbai accepting of differences?
- What are the schools in Mumbai like?
- What are healthcare services like in Mumbai?
- What are medical services in Mumbai like?
- Are healthcare and health insurance expensive in Mumbai?
- What are emergency services like in Mumbai?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Mumbai?
- How are local medical facilities in Mumbai?
- As a foreigner living in Mumbai, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Should I buy or rent a home in Mumbai?
If you live in Mumbai, newcomers to Mumbai would love to hear your answer to this question.
