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Long Term Rental Apartments In Mumbai For An Expat

Author: Jeet Potdar
by Jeet Potdar
Posted: May 27, 2014

Mumbai, the business hub of India, happens to be one of the fastest developing cities. The city’s ideal location helps to promote trade and commerce. Most of the leading companies of the world have their branch offices or headquarters in the city. The city provides employment opportunities for millions of energetic people. Indians, as well as, Non-Indians arrive and settle down in this city of dreams to pursue their careers. The increasing cost of property does not permit everyone to purchase their own flat or houses to stay. In these circumstances, you will need to find a rental apartment for yourself and family.

Careful planning and survey of the neighborhood is required before choosing an apartment. Several websites online provide you with information about the rent which you are expected to pay depending on the size, location and facilities offered. Most of the rental flats are owned by private families and investors rather than large developers. This means that the rental agreement could be based on personal preferences and relationships. Agreements are broadly classified into two categories, namely Long Term Rental Apartments in Mumbai and short term rental apartments in Mumbai. The primary difference between the two agreements is the duration of stay.

The rental laws for Long Term Housing in Mumbai need to be understood and verified by a lawyer before signing the agreement. Landlords usually sign the agreement mentioning the lease period to be for 11 to 12 months. A security deposit is taken and this is refundable when the rent agreement expires or when you leave the apartment in good condition. In the case of any damages being done to the property, the security deposit is adjusted accordingly. Several websites will be able to provide you with information about real estate agents, who can guide you in choosing the appropriate apartment.

Service apartments located in Mumbai, function as a temporary home. When compared to hotel accommodations, Long Term Furnished Rentals in Mumbai, are more spacious and affordable. These flats are already furnished and leisure service such as internet and maid services is included in the rent. These apartments have a proper functioning kitchen and are best suited to meet the requirements of business and leisure travelers. When you plan for a Long Term Accommodation In Mumbai, it is important to get an estimate of the cost involved in renting the apartments. Location of the apartment is an important factor considered in pricing of the apartment.

For Non-Indian professionals who need to settle in Mumbai, several real estate agents can be contacted who will guide you regarding Mumbai Expat Housing Services. Most expats consider living in apartments that are located close to school, hospital, market, club and airport. The distance of the rented flat from the commercial hub of Mumbai must be taken into consideration. However, before you relocate, do check the various rental options available in the city online before confirming your decision.

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Author: Jeet Potdar

Jeet Potdar

Member since: May 26, 2014
Published articles: 45

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