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Mumbai’s Luxury-Home Rents Tumble As Pandemic Makes Landlords Jittery
The cost of renting high-end properties has fallen 20-25% in Mumbai.
17 Aug 2021, 04:16 PM IST
Rents for luxury homes in Mumbai, India’s costliest real estate market, tumbled during the pandemic as people either cut expenses or shifted to hometowns.The cost of renting high-end properties—commanding at least Rs 2 lakh a month—has fallen 20-25% in India’s financial capital, according to real estate portal Zapkey.com. It collated data from property registration documents. BloombergQuint has verified some of the agreements.The dro...
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