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," said a member in Mumbai, India.
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Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
Expats interested in International Health Insurance should take a minute to get a quote from our trusted expat health insurance partner, CIGNA.
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Other Questions:
- What do I need to know before moving to Mumbai?
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- What is the average cost of housing in Mumbai?
- Should I buy or rent a home in Mumbai?
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- Will I save money living in Mumbai?
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- What are medical services in Mumbai 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.