Rajat Acharya, a real estate professional and passionate musician, moved from Noida to Mumbai chasing big dreams — but life took an unexpected turn. He now lives in a 1BHK in Naigaon, paying just ₹9,500 in rent. While the price sounds like a steal, the reality is far from ideal. With just 30 minutes of water supply a day, poor road connectivity, no major internet providers, and hour-long waits for rickshaws, Rajat finds himself disconnected from the city he came to be part of. In this episode of The Tenant, Rajat opens up about the compromises he's made, the struggles of living in Naigaon, and why he says Mumbai pushes you into a lonely rat race.
Once this is implemented, Maharashtra will be recognising ownership rights of vertical structures as well
The residential sector continues to be central to the most spirited debates on Indian real estate. Mumbai, with its astronomical prices and commensurate investment value, is in many ways a bellwether for the overall health of the real estate sector in India.
The recent revision of the stamp duty in Maharashtra for leave-license is definitely going to impact the rental market in the residential, commercial and retail asset classes.