RENTING PLUS BUYING
Those that are buying, are letting their hearts and their heads both have a say. Want to live in Lokhandwala but can only afford a 1BHK in Badlapur? Why not have both? Young buyers are choosing to buy where they can afford to, and still live where they want to, giving their own homes out on rent to subsidise part of their own rent payouts. It doesn’t havetobetheMumbaiMetropolitan Region either. Buyers are looking to other cities’ fringes, to seek out the best value for money. “In 2016, Mumbai saw a 56% increase in the number of launchesinThane’sAmbernath areaandNaviMumbai’sPanvel and Taloja areas compared to the previous year,” says AnshulJain, MD of realty consultancy Cushman & Wakefield India.