Should you Rent / Buy flats in Mumbai in 2022? – Vraj Tiara vrajtiara.com

With the pandemic affecting the world for over a year, most city dwellers, especially in the suburban and urban settlements were in a dilemma over the decision to buy or rent flats in Mumbai.

The primary concern for most of the dwellers in the home buying decision has been the commute, location of the home, availability of ready finance, utilities, one’s budget for accommodation, and lack of space in an environment of WFH. Although buying a home is an intention most aspired, the slowdown in the real estate sector results in property prices not meeting the expectations of the potential buyers. A hunt for 3 BHK, 4 BHK & 5 BHK flats in South Mumbai would be considered an ideal time.

In an attempt to answer the big question of whether to buy or rent a property in real estate, we give you some points to make the decision. For most, it is an individual’s decision based on the affordability and availability of finances, but a macro-level decision would be to purchase a property considering the prediction of a rise in prices.