With current Mumbai property prices, high home loan interest rates, rising maintenance charges, and low rental yields in Mumbai, buying a flat no longer makes financial sense. Renting a home in Mumbai offers far more flexibility, lower stress, and better cash flow.
So why are people still obsessed with owning property in Mumbai, especially when rent vs buy in Mumbai clearly favors renting today?
From a purely financial standpoint, you’re not wrong. Rental yields in Mumbai are typically 2–3%, while home loan interest is higher. Ownership today is more emotional than mathematical.
This is exactly the problem you people reduce everything to excel try explaining flexibility to a landlord who refuses to renew your lease.