{"id":71350,"date":"2023-08-31T13:29:05","date_gmt":"2023-08-31T07:59:05","guid":{"rendered":"https:\/\/navimumbaihouses.com\/blog\/?p=71350"},"modified":"2023-08-31T13:51:13","modified_gmt":"2023-08-31T08:21:13","slug":"mumbai-house-rentals-demand","status":"publish","type":"post","link":"https:\/\/navimumbaihouses.com\/blog\/news\/mumbai-house-rentals-demand\/","title":{"rendered":"Mumbai House Rentals Demand Will Rise 15% Between April &#038;\u00a0June 2023"},"content":{"rendered":"<p><strong>Mumbai House Rentals Demand-\u00a0<\/strong> <a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/mumbai-all\/\">Mumbai&#8217;s<\/a> housing rental demand (searches) &amp;\u00a0supply (listings) increased by 14.9% and 7.7%, respectively, in April to June 2023. The average rental rate did, however, experience a 0.1% decline over the previous quarter.<\/p>\n<hr \/>\n<p><strong>Are you searching for <\/strong><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/dadar\/\"><strong>new projects in dadar?<\/strong><\/a><\/p>\n<hr \/>\n<p>&nbsp;<\/p>\n<h2>Residential Rental Market Dynamics in Mumbai<\/h2>\n<table>\n<tbody>\n<tr>\n<td width=\"312\"><strong>Parameters<\/strong><\/td>\n<td width=\"312\"><strong>QoQ Change<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Demand<\/td>\n<td width=\"312\">14.9%<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Supply<\/td>\n<td width=\"312\">7.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"312\">Rent<\/td>\n<td width=\"312\">-0.1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Demand:<\/strong> alteration in the number of real estate searches<\/p>\n<p><strong>Supply:<\/strong> alterations in the number of active listings<\/p>\n<p><strong>Rent:<\/strong> Variation in the median rent for fully, partially, and unfurnished properties<\/p>\n<p>&nbsp;<\/p>\n<h2>Key Trends for House Rentals in Mumbai from April to June 2023<\/h2>\n<ul>\n<li>Mumbai&#8217;s QoQ rental demand (searches) &amp;\u00a0supply (listings) increased by 14.9% and 7.7%, respectively, in Q2 2023. The average rental rate experienced a 0.1% QoQ decline at the same time.<\/li>\n<li>Due to their proximity to important employment centres and metro accessibility, <a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/andheri-\/\">Andheri<\/a> East &amp; Andheri West are among the most popular neighbourhoods in Mumbai among tenants.<\/li>\n<li>The typical monthly rent in the most sought-after neighbourhoods ranges from INR 51,000 to 63,000 for a 2 BHK flat and from INR 73,000 to 91,000 for a 3 BHK.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Tenants favour small sized apartments in Mumbai<\/h2>\n<ul>\n<li>The largest demand and supply for rental homes in Mumbai are found in the range of INR 20,000 to 30,000, or 32% and 23%, respectively.<\/li>\n<li>Tenants have a definite preference for smaller unit sizes (500\u20131,000 square feet), with a share of demand of 60%.<\/li>\n<li>The demand share of about 40% suggests that Mumbai tenants favoured unfurnished rental properties.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Average House Rent in Mumbai&#8217;s most popular neighbourhoods<\/h2>\n<p>Table displaying the typical rent in Mumbai&#8217;s most popular neighbourhoods in Q2, 2023.<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"66\"><strong>No.<\/strong><\/td>\n<td width=\"192\"><strong>Locality<\/strong><\/td>\n<td width=\"210\"><strong>2 BHK Rent<\/strong><\/td>\n<td width=\"156\"><strong>3 BHK Rent<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"66\">1<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/worli-\/\">Worli<\/a><\/td>\n<td width=\"210\">1,12,000<\/td>\n<td width=\"156\">1,61,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">2<\/td>\n<td width=\"192\">Andheri East<\/td>\n<td width=\"210\">51,000<\/td>\n<td width=\"156\">73,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">3<\/td>\n<td width=\"192\">Andheri West<\/td>\n<td width=\"210\">63,000<\/td>\n<td width=\"156\">91,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">4<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/bandra\/\">Bandra<\/a> West<\/td>\n<td width=\"210\">94,000<\/td>\n<td width=\"156\">1,35,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">5<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/kandivali\/\">Kandivali<\/a> West<\/td>\n<td width=\"210\">36,000<\/td>\n<td width=\"156\">53,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">6<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/goregaon\/\">Goregaon East<\/a><\/td>\n<td width=\"210\">51,000<\/td>\n<td width=\"156\">74,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">7<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/mira-road\/\">Mira Road<\/a><\/td>\n<td width=\"210\">22,000<\/td>\n<td width=\"156\">32,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">8<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/malad\/\">Malad<\/a> West<\/td>\n<td width=\"210\">44,000<\/td>\n<td width=\"156\">63,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">9<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/santacruz\/\">Santacruz West<\/a><\/td>\n<td width=\"210\">82,000<\/td>\n<td width=\"156\">1,18,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">10<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/kanjurmarg\/\">Kanjurmarg East<\/a><\/td>\n<td width=\"210\">40,000<\/td>\n<td width=\"156\">58,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">11<\/td>\n<td width=\"192\">Chandivali<\/td>\n<td width=\"210\">49,000<\/td>\n<td width=\"156\">71,000<\/td>\n<\/tr>\n<tr>\n<td width=\"66\">12<\/td>\n<td width=\"192\"><a href=\"https:\/\/navimumbaihouses.com\/properties\/search\/powai\/\">Powai<\/a><\/td>\n<td width=\"210\">55,000<\/td>\n<td width=\"156\">79,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2>Three-Month Rental Market Forecast<\/h2>\n<p>While the rental rates are probably going to see a modest decline, demand and supply are predicted to show an increase trend.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"title\" class=\"style-scope ytd-watch-metadata\" style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong>Spacious Fully Furnished 1 BHK Flat for Rent in Kharghar Hyde Park | Luxury Living in Prime Location<\/strong><\/span><\/div>\n<p><iframe loading=\"lazy\" title=\"Spacious Fully Furnished 1 BHK Flat for Rent in Kharghar Hyde Park | Luxury Living in Prime Location\" width=\"1024\" height=\"576\" src=\"https:\/\/www.youtube.com\/embed\/SvAcPFH3SC4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline;\"><strong><a href=\"https:\/\/www.youtube.com\/@NavimumbaiHouses\">Video Source<\/a><\/strong><\/span><\/p>\n<hr \/>\n<p>You\u2019re looking for\u00a0<strong>Projects<\/strong>\u00a0in\u00a0<b>Malad <\/b>we have the Best Properties In\u00a0<strong>Mumbai<\/strong>\u00a0Like\u00a0<strong>Ready to Move:<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/navimumbaihouses.com\/properties\/search\/malad\/\">https:\/\/navimumbaihouses.com\/properties\/search\/malad\/<\/a><\/span><\/strong><\/p>\n<p>If\u00a0you want\u00a0<strong>daily property update details<\/strong>\u00a0please follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/www.facebook.com\/navimumbai.houses\/\"><strong>Facebook Page<\/strong><\/a><strong>\u00a0\/\u00a0<\/strong><a style=\"color: #ff0000;\" href=\"https:\/\/www.youtube.com\/channel\/UCJj_M-KlNliMtr_GybNL-Mg?view_as=subscriber\"><strong>YouTube\u00a0Channel<\/strong><\/a><strong>\u00a0\/\u00a0<\/strong><a style=\"color: #ff0000;\" href=\"https:\/\/twitter.com\/NaviMum_Houses\"><strong>Twitter<\/strong><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai House Rentals Demand-\u00a0 Mumbai&#8217;s housing rental demand (searches) &amp;\u00a0supply (listings) increased by 14.9% and 7.7%, respectively, in April to June 2023. The average rental rate did, however, experience a 0.1% decline over the previous quarter. Are you searching for new projects in dadar? &nbsp; Residential Rental Market Dynamics in Mumbai Parameters QoQ Change Demand [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":71353,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[8318],"tags":[21507],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mumbai House Rentals Demand Will Rise 15% Between April &amp;\u00a0June 2023<\/title>\n<meta name=\"description\" content=\"Mumbai House Rentals Demand - Mumbai&#039;s housing rental demand (searches) &amp;\u00a0supply (listings) increased by 14.9% and 7.7%, respectively,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/navimumbaihouses.com\/blog\/news\/mumbai-house-rentals-demand\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mumbai House Rentals Demand Will Rise 15% Between April &amp;\u00a0June 2023\" \/>\n<meta property=\"og:description\" content=\"Mumbai House Rentals Demand - 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