Living in Mumbai as a PG: A Complete Guide to Accommodation, Costs, and Lifestyle
Paying Guest (PG) living spaces are universal solutions for students and young professionals coming to Mumbai for a short or long stay. When looking for Mumbai paying guest accommodation, you can select from a variety of premium, standalone, and basic accommodations. When a person chooses to live inside a PG in Mumbai, they sign a lease agreement. Rental expenses are usually quite high, so it is useful to get a personal loan, credit card, or any other financial apparatus to help you in this regard.
In this blog, we'll analyse more into the melodrama of PG life in Mumbai—from managing expenses to understanding living conditions, so you’re not left in the dark when it comes to deciding about affordable living in Mumbai.
Key Takeaways
PG accommodation in Mumbai calls for quite careful deliberation based on the budget, place, and your personal comfort levels. Visit beforehand and understand if reviews exist as well as rules within the house.
Navigating Mumbai PGs: Your Comprehensive Guide to Accommodation
Manoeuvring through Mumbai’s real estate is a roller coaster ride especially when you’re facing paying guest accommodation hurdles for the very first time.
Now let us go into more detail about staying in a Mumbai PG for working professionals and students.
PG Rent Prices In Mumbai
PG rents in Mumbai vary widely based on location and amenities. A PG in Bandra or Andheri may cost:
- Budget PGs: ₹5,000 - ₹8,000 per month
- Mid-range PGs: ₹7,500 - ₹15,000 per month
- Premium PGs: ₹15,000 - ₹25,000 per month
- Prices typically include basic utilities and sometimes meals.
Taxation on PG Rent
PG rent is generally not taxable for the tenant. However, it is mandatory for landlords to report rental income when they file their tax returns. In this scenario, it's always best as a tenant to ask for a rent receipt or long-term stay agreement for your records. Professional PG service providers like NestUP PG have an entire system in place to initiate online bookings, and tenants are provided agreements with complete breakup of PG staying costs including rent, deposit, and documentation processing charges.
Salary Considerations
To comfortably live in Mumbai, financial experts recommend:
- Monthly salary: Minimum ₹25,000 - ₹35,000
- Ideal salary: ₹50,000+ for comfortable living
- Budget allocation: 30-40% of salary for accommodation
PG vs. Flat: Pros and Cons
PG Advantages:
- Long-term and short-term PG rental options
- Lower upfront costs
- Fully-furnished PG with amenities
- G with 24/7 security
- Less maintenance responsibility
- Built-in social network
Flat Advantages:
- More privacy
- Flexibility in design
- Potential for long-term savings
- Complete independence
Costliest Mumbai Locations
Top expensive areas for PGs:
- Bandra
- Juhu
- Lower Parel
- Colaba
- Worli
Living Arrangements and Rules
- Single occupancy PG or sharing PG rooms
- Professional PG accommodations have strict gender segregation
- Mixed-gender rooms are extremely rare
- Typical rules in top-rated PG accommodations include separate floors/wings for males and females
Living Alone as a Girl
To locate a safe PG for girls in Mumbai, look for:
- 24/7 security
- Female-only PG
- Reputable management
- Well-located premises
Pro tip: Negotiate rent, verify all amenities, and ensure clear communication with the PG owner about expectations and rules.
