Affordable vs. Luxury Living in Navi Mumbai: Weighing the Pros and Cons

In the vibrant metropolis of Navi Mumbai, you can either lead an affordable lifestyle that caters to all your basic needs or experience a luxurious way of living option. The decision majorly depends on your financial stability and somewhat on your preferences.

If you have recently moved here, you might be on the lookout for an affordable house in Navi Mumbai that can also offer you a lavish lifestyle.

So, to help you get the best of both worlds, we will take you through the myriad of considerations that will potentially end this great debate. Let us uncover the pros and cons that shape this critical decision for urban dwellers.

Picking The Right Locality

When it comes to the decision between affordable and luxury living in Navi Mumbai, one of the most important factors to consider is the choice of locality. Navi Mumbai offers a diverse range of neighborhoods, each offering a unique way of living to its residents. While the neighbourhood you pick depends on your preference, but your budget also plays an important role.

Some of the budget-friendly choices where you can find affordable house in Navi Mumbai are Ulwe, Taloja, Kamothe, Panvel, Airoli, and Dronagiri. All these localities will offer you a nice lifestyle by catering to all your basic needs. On the other hand, Navi Mumbai also has a bunch of localities that are quite posh. These include Sanpada, Kharghar, and Nerul that are renowned for their opulent lifestyles.

Considering Accommodation Cost

One of the foremost considerations when choosing between affordable and luxury living in Navi Mumbai is the cost of accommodation. Rental prices can vary significantly depending on the locality and the type of housing you opt for.

If you are considering posh areas like Kharghar, Vashi, or Nerul, be prepared to allocate a substantial portion of your budget to accommodation. Rent for a 1 BHK (bedroom, hall, kitchen) apartment in these upscale neighbourhoods typically ranges from ₹15,000 to ₹30,000 per month. However, this cost can go higher for larger apartments or those with premium amenities.

For those seeking more budget-friendly options, pick an affordable locality. Rent for a 1 BHK apartment in such localities can start from ₹7,000 per month.

However, an amazing way to save up on accommodation is by considering shared accommodations. PGs (paying guests) or shared apartments can significantly reduce expenses as you can split the rent with your roommate.  

Groceries and Food Expenses

For a bachelor who wishes to stay under a budget, the monthly grocery bill can fluctuate between ₹2,500 to ₹5,000, depending on his/her dietary choices. However, dining out or getting takeaways can add up to this expense by an extra ₹3,000 to ₹6,000 per month. Moreover, one can save up by consuming homemade meals and selecting locally sourced ingredients.

Talking about luxurious options, the list is endless. With some of the most high-end restaurants, you can spend tens of thousands on food alone. A lavish grocery store trip might cost you ₹5,000 to ₹7,000. If you wish to hire a cook, you might have to shell out another ₹10,000.

Transportation

When it comes to your daily commute, there are both budget-friendly and lavish options available. Navi Mumbai offers easy access to public transportation that includes buses and local trains. All of these are available at budget-friendly rates. For a single person relying on public transit, monthly transportation costs typically range from ₹1,500 to ₹2,500. To cut down on transportation expenses, exploring shared rides or investing in a monthly travel pass can be prudent choices. However, there are also quite a few ridesharing companies that operate here. With these, you can have a comfortable commute at a slightly heavier price.

But if you wish to reach your college or workplace in style, you can always do so with your private vehicle. However, this might be an expensive affair, especially with the ever-increasing petrol prices (₹106.31 per litre). Not to mention, you would have to pay extra for the parking, which is also quite high.

Conclusion

The way of living you choose depends on a bunch of factors, but your fiscal soundness does play a major role. Fortunately, the place offers a diverse spectrum of housing options, ranging from luxurious apartments to more affordable house in Navi Mumbai, allowing you the flexibility to embrace either path.