Best and Budget-Friendly Places to Live in Mumbai

If you're planning to move to Mumbai or already there because of your work, you might be wondering about the best and budget-friendly places to call home. Mumbai offers a variety of living options, from student accommodations in IIT Bombay to standalone flats and hostels. Let’s explore the best choices for those looking for value for money within the bustling city and its outskirts.

Living in IIT Bombay for Students

Studying at IIT Bombay can come with unique living arrangements for students, especially if you're on a budget. The campus provides a range of on-campus lodging options that are both affordable and easy to navigate. Here are some details to consider:

Residential Facilities: Rooms can range from 50 rupees per day, which is quite competitive, with all-day breakfast included. The breakfast options are diverse, with choices like banana cornflakes, milk, coffee, tea, jam, butter, and bread. Both plain and roasted options are available, and you can even get boiled eggs and additional snacks. Meals like lunch and dinner are similarly packed with value, with two gravies, chapattis, dal, curd, cold beverages, and salads. Friend Assistance: One might need a friend in IIT Bombay who can vouch for you and take in your belongings. The rest is relatively straightforward; simply follow the guidelines and you'll be settled in no time. Alternative Living: If you find the room charges too steep, you might opt to stay in a friend's room if you can avoid detection by the warden. This is a common and acceptable practice among students.

If you're a student or faculty member at IIT Bombay, this setup offers a cost-effective and convenient solution to housing.

Recommendations for Affordable Living in the Mumbai Metropolitan Region

Mumbai is a vast city, and your location can significantly impact housing costs. Here are three areas that offer affordable living but are still within easy reach of the city:

Mira Road: A 1BHK flat in a tower with electronic security can be found for around 10,000 rupees per month. A deposit, which is refunded without interest, can range from 25,000 to 40,000 rupees. This area has good bus and train connectivity, and the metro might be available in the near future, making it a convenient choice. Bhayanadar: This area is also known for its affordability and quality. It offers a good balance between cost and convenience. Vihar Golden Palm, Aarey Milk Colony: For those who prefer greener surroundings and are near central stations like Vikhroli, this area offers a fully furnished 3 BHK flat for around 25,000 rupees per month. It comes with installed ACs and a deposit of 50,000 to 60,000 rupees. This area is particularly attractive to those who value space and comfort.

These areas provide not only affordability but also a good standard of living with amenities such as security and space.??

Exploring Further West: Thane

For those seeking a quieter and more peaceful slice of suburban Mumbai, Thane is a top choice. It offers a good environment and relatively lower rents. Thane is well-developed and provides an alternative that is quieter and more environmentally friendly compared to the hustle and bustle of the city.

Suburbs and Beyond: Virar, Vasai, and Thane

For cheaper alternatives, you might consider areas like Virar and Vasai, which are relatively cheaper and still close enough to Mumbai's center. In Thane, you can find good housing options with slightly lower costs. For the more adventurous, exploring further to the suburbs can lead you to areas that offer even better deals, though they might require a longer commute.

Personal Preferences and Cost-Benefit

The term “best” is subjective and largely depends on personal preferences. If cost is your primary concern, then Virar, Vasai, and Thane might be the best options. However, if you prioritize living in an area that is closer to the city’s core or has more amenities, Mira Road, Bhayanadar, and the Vihar area in Aarey Milk Colony might be the better choice.

Whatever your choice, it's essential to do your research, considering factors like connectivity, security, and living conditions. You can reach out to me via WhatsApp to get more specific options based on your budget and workplace location.