RESIDENTIAL RENTAL Mumbai: Snapshot of Typical Asking Rents (approx) MARKET TRENDS This information is brought to you by our Supply Chain partner, IOS Relocations Typical length of tenancy 12 months or more STANDARD PREMIUM Notice period Locations Goregaon, Jogeshwari, Andheri Juhu, Bandra, Khar, Santacruz and Powai 2 months Typical deposit Indicate if Indicate if rental price is rental price is 3 to 6 months Rent From Rent To up, down or Rent From Rent To up, down or Property Pro昀椀le Unique situations (INR/Month) (INR/Month) unchanged (INR/Month) (INR/Month) unchanged • All leases must be registered. from previous from previous quarter quarter • Owners will demand a 12 month lock in for Typical Size 500 sqft 700 sqft 500 sqft 700 sqft 1 Bed Apt 2023-Q4 70,000 90,000 — 80,000 130,000 — most housing options. Typical Size 900 sqft 1,200 sqft 900 sqft 1,200 sqft 2 Bed Apt 2023-Q4 90,000 170,000 — 150,000 250,000 — Typical Size 1,200 sqft 3,000 sqft 1,200 sqft 3,000 sqft 3 Bed Apt 2023-Q4 130,000 270,000 — 180,000 500,000 — Typical Size 2,000 sqft 4,500 sqft 2,000 sqft 4,500 sqft 4 Bed Apt 2023-Q4 220,000 240,000 — 350,000 800,000 — Typical Size >4,500 sqft >4,500 sqft 4/5 Bed House 2023-Q4 NOT AVAILABLE 550,000-1,000,000 —
Q4 2023 Housing Matters Report Page 17 Page 19