We at RealEstateDealStreet.com get lots of enquiries from out of Mumbai form
and across the world that they need an apartment on short-term rental. Some of
these people need these apartments because of medical reason generally they
would visit Mumbai for cancer or fertility treatment where duration of
treatment is longer and some time NRI’s on long vacations to sort out their
personal issues like ancestral property dispute, fixing up marriage of their
children etc. In the case of medical reason there are lots of dietary
restrictions from doctors and some time due to long duration of treatment it is
very necessary to have home made food. These need various from couple of days
to couple of months.
In Mumbai nature of real estate market and scarcity of housing makes life difficult for these people. Being Lots of hospital situated in
make matter worst. One of man behind RealEstateDealStreet.com use to live in New York and think that New York is housing market is most difficult
but he has changed his perception / view after experiencing Mumbai housing real
estate. To have a quick transaction in Mumbai’s real estate market every thing
works against it whether it is law, legalities, management societies, high
capital value and top of that long chain of agents involved.
RealEstateDealStreet.com try’s at its level best to tackle this problem/ menace by using its experience in real estate. Hear we would like to view this problem of short term housing from all party involve, it is owners, tenants, we are living brokers, because we think that they won’t agree to our solution that for short term rental is not their forte and for all these type of request they should refer RealEstateDealStreet.com instead of wasting their time, tenants and owners time.
Let’s take look at
Tenant view / Perception:-
Generally prospective tenants have no idea of Mumbai Housing / Real Estate. People who come from any part of the world for medical help in Mumbai are most probably affluent in their city. They live in big houses rather bungalows and think that they will be able to afford same luxury in Mumbai and when realities bits and they relies that forget to get bungalows here owner are even wary to renting their very mediocre flats also for short term, and pulls (sorry! we meant connections, in India we relay on connection and call them pull:) doesn’t work Their pride take a knock. Same time RealEstateDealStreet.com agrees that it is big shock for them and bit difficult to adjust to this type of life style change. From somebody to nobody! Stress of sickness of their close one make matter worst. They think that people rather owners are not human and rent they ask is like asking their own share in the pond of flash.
Owner’s View/ Perception: -. Owners are wary of giving their houses to one individual due to fear of in case of not vacating and not timely payment of rent. They are bit wary of having some one sick at their place because tenants will have lots of visitors and that will create mess and their furniture will get spoiled. Owner don’t want to rent their property on short term rental because they don’t want to go through rig marole / process of tenant hunting again and again because of rule of societies, legal hassle etc.
Suggestion by RealEstateDealStreet.com
RealEstateDealStreet.com tries its best to see this situation objectively and some suggestion for only two parties, owners and tenants. If few things people looking for
short term rental keep in mind then their house hunting will be not so tough. Tenants should always keep in mind that they are entering in most difficult housing market of the world. Tenants tend to value their money more then it should be in any market place every rupee has same value. In Mumbai’s real estate market for tenants it is survival of weakest then fittest, the more you assert your powers, knowledge, connections, arrogance or not polite behavior the more it will be difficult to find a place. In Mumbai property owners are very wary of tough people. One should be all time considerate to owners views. By being polite and curtsies never hurts. Money is dear to every body and we Indian have the habit of negotiating, that is fine but we should also know where to draw the line and negotiating should not convert in argument or haggle. It makes owners uncomfortable, they start doubting creditability of opposite party, but same time you should not pay some thing more then fair value of the place. Some time tenants don’t put their requirement clearly ultimately that waste their time. Clearly mention that these are bare minimum you expect from the place and these things will be nice to have. Owners should also realize that
Few Quick Tips:-
For 1 day to 7 Day’s stay :-If you are looking for flat, for 1 day to 7 day’s you should try your relatives only or sanatoriums, hotels and service apartments. You have only 5% probabilities to get some thing even through RealEstateDealStreet.com
7 Day’s to 15 Day’s stay:-
Try all options given above and you may try RealEstateDealStreet.com but probability to rent a flat is around 15% and for renting of room / paying guest accommodation it goes up to 35%
15 Day‘s to 1month stay:-
Hear probability increases to 25% for flat and 50% for PG or room
1 month to 3 / 6 Months stay:-
Hear probability increases to more then 70% for flat and you almost hit the upper cap of 100% / roof for PG
Housing Swap: - Housing swap in Mumbai is not possible because big disparity in rents of other part of the
or World visas a visa / compare to Mumbai.
Brokerage:- In Mumbai commission of real estate broker is minimum one month rent and it can go up to two month rent, that is why RealEstateDealStreet.com most suitable for short term rental because its charges fixed fee of Rs.2000/- or 50$.This brokerage fee charged by brokers is biggest hurdle in finding any place and RealEstateDealStreet.com having fixed fee doesn’t have inclination to increase the rent to get higher commission.
Credibility: - Credibility has maximum premium in Mumbai’s real estate market, tenants should demonstrate that by giving good references, through this tool they can get the place which otherwise would have not possible.
Paying Guest (PG) Accommodation: - In some of paying guest accommodations you get cooking or home made food facility. If you are couple of people and don’t expect visitors then you should consider this option which is cheaper and you get access to thing which any running house has.
Commuting distance:- People from small city wants their flat should be near to hospital where they have to visit regularly because they are not used to travel. If one bit open to travel he/ she will get more options / choices and when you are in city only for treatment then you have ample to time so you shouldn’t rigid about the distance, unless its is suggested by docter. People who are not from
that it will be very expensive to travel by cab and at times you might not get
cab at all. That both things true in European countries or America, just to
give you some perspective that New York and Mumbai has lots of similarities
logistically, culturally, geographically and Ney York has around 12000 Cabs and
Mumbai has more then 60,000/- cab and these are not expensive even if they take
you for little ride, which seldom happens.
Market Realties: - In any market where two parties transact it is never that either of parties decide price but is it market which decide price. One should understand market realties of Mumbai’s real estate market and conduct accordingly. It is business deal for both parties and owners are not here for charities.
Fast Decision:- Some time RealEstateDealStreet.com seen that people take so long to take decision that by the time they decide for some thing that some thing is no more in the market or even if they get it they couldn’t benefited by its full potential. It is matter of couple of months not of life so one should be quick.
Role of RealEstateDealstreet.com:- What Reds can do can’t do / what is the benefit of Reds
RealEstateDealStreet.com has ever growing data base of sanatoriums which provided free of cost. You just have to communicate it through our FaceBook, twitter or LinkedIn account. RealEstateDealStreet.com doesn’t only has online properties which can be acess any time on site but it has sizable offline data base also which got developed over the years in real estate comes handy in these trying times. RealEstateDealStreet.com has years of experience which can be used in valuation, breaking ice with owners, negotiation and certain logistic and legal issues. Service apartment market is in bit nascent stage in Mumbai and RealEstateDealStreet.com endeavors in this direction that it should have maximum service apartments in its data base if not all. If your place is not furnished then RealEstateDealStreet.com can provide you list of vendors who provide furniture on rent. In short RealEstateDealStreet.com will be always there till you move in.