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Salary Needs: How Much You Really Need to Buy or Rent in Mulund
When you’re thinking about moving to Mulund, a major residential and commercial hub in eastern Mumbai known for its growing infrastructure and steady property demand. It’s not just about finding a place—it’s about whether your salary needs match the real cost of living here. Many people assume that if they earn ₹40,000 a month, they can easily afford a 2BHK rental or even a small apartment purchase. But that’s not how it works. Rent in Mulund isn’t just a percentage of your income—it’s tied to location, building age, and whether the property is in a gated community or a local chawl. A ₹35,000 monthly rent for a 2BHK in a premium sector? That’s normal. A ₹15,000 rent in a quieter lane? Also normal. The difference isn’t just comfort—it’s your long-term financial health.
Your salary needs aren’t just about covering rent. They need to cover maintenance, parking, electricity, internet, and unexpected repairs. If you’re buying, you’re looking at a down payment of ₹20–40 lakhs, plus processing fees, stamp duty, and registration. That’s not something you save for in a year. Most buyers here need at least ₹8–10 lakhs annual income just to qualify for a loan, and even then, banks want to see stable employment over 2–3 years. Investors? They look at rental yields. A property that rents for ₹30,000 a month might cost ₹1.2 crore. That’s a 3% yield. Not bad, but only if you’re okay waiting 5–7 years to break even. Meanwhile, renters are stuck with annual hikes of 8–12%, often without notice. Your salary needs to grow just to stay in place.
It’s not just about money. It’s about timing. If you’re new to Mumbai, you might start in a shared flat. If you’re planning to stay five years, you might save for a 2BHK. If you’re a remote worker or freelancer, your income needs to be consistent—even if it’s high. One person earning ₹1 lakh a month but with irregular clients still struggles to get a lease signed. Landlords want proof, not promises. And if you’re thinking about commercial space? A small office in Mulund West can cost ₹50,000 a month. That’s not a line item—it’s your entire overhead. You don’t need to be rich to live here. But you do need to understand what your salary actually buys you.
Below, you’ll find real examples of how income, rent, and property prices connect across Mumbai’s suburbs. No theory. No fluff. Just what people are actually paying, earning, and managing—right now.
