Pros and Cons of Moving to Mumbai

Mumbai is India’s wealthiest city, a buzzing epicentre where the commercial, cinema, and fashion industries converge in a hive of activity. Hot, humid, and fizzing with ambition, Mumbai’s action stops for nothing. If you’re looking to get ahead in India, there’s no better place.

Even so, you should weigh your options carefully before deciding to live here, as this megacity has its challenges. Below is our list of pros and cons of living in Mumbai, offering you some useful insights.

Accommodation in Mumbai

- CON: Rent is high

Rent in Mumbai is steep for several reasons. The city is a peninsula, surrounded by water on three sides, which means land for development is scarce. Demand is always high, and accommodation is therefore costly. Another factor driving up rent is the insatiable demand for housing in the city, as people from across India and the globe flock here to capitalise on the numerous employment opportunities. Landlords know this and, accordingly, set their prices high.

The last decade has seen a surge in redevelopment projects, which initially pushed rents even higher, although there is now some stabilisation, with rental growth in premium areas slowing somewhat.

+ PRO: Emerging affordable neighbourhoods

While central Mumbai remains pricey, some areas on the city's outskirts offer more affordable housing options. Neighbourhoods like Dombivli, Panvel, Virar, Thane, and Navi Mumbai are becoming popular, especially as they see new developments that cater to mid-range budgets. These areas offer a balance of affordability and accessibility, making them worth considering if you're looking to save on rent.

Cost of living in Mumbai

- CON: Surprisingly high cost of living

Despite the perception that India is an affordable destination, the cost of living in Mumbai can be quite high. The 2024 Mercer Cost of Living Survey ranked Mumbai 136th out of 226 cities globally, reflecting its expensive lifestyle compared to other Indian cities. Inflation has also driven up prices for essential goods and services, making budgeting a challenge for many residents.

+ PRO: Cost-effective strategies

To manage the high cost of living, you can adopt a few strategies:

• Stick to a budget: Detailed tracking of income and expenses can help you identify savings opportunities.
• Use public transport: It’s more economical than owning a vehicle, and the upcoming metro expansion should make it even more viable.
• Shop locally: Local markets often offer better prices than supermarkets, particularly for fresh produce.
• Consider shared accommodation: Sharing rent with others can significantly reduce your housing costs.

Getting around in Mumbai

- CON: Commuting can be frustrating

Getting around in Mumbai can be chaotic. The city’s roads are notoriously congested and poorly maintained, making driving a hassle. The local railway – Mumbai’s most popular alternative to driving – tends to be overcrowded and can be unreliable, adding to the commuting stress.

+ PRO: New transport projects

However, infrastructure development is in full swing, and projects like the Mumbai Metro expansion promise to ease some of this congestion. New roads and expressways are also in the works, which could make getting around a bit smoother in the coming years. The upcoming Navi Mumbai International Airport is set to enhance connectivity significantly. These projects are designed to make commuting easier and are expected to have a long-term positive impact on the city's transport options.

Education in Mumbai

+ PRO: Access to top international schools

Mumbai boasts several top-tier international schools that provide excellent education to expat families. International schools offer curricula aligned with global standards, such as the IB and Cambridge systems. These institutions are well-regarded for their academic excellence and comprehensive extracurricular programmes, making them a great choice for globally mobile families.

- CON: High cost and competition for school places

Securing a spot in the city's most prestigious schools can be challenging due to high demand and competitive admissions processes. Additionally, the cost of education at these institutions is significant. It’s essential to plan well in advance and consider these factors when choosing a school in Mumbai.

Healthcare in Mumbai

+ PRO: Healthcare is affordable

Mumbai’s healthcare system offers relatively affordable treatment, particularly at private clinics, where you can expect good quality care. The rise of telemedicine has further improved accessibility, allowing you to consult with specialists from the comfort of your home. However, it's still recommended to have comprehensive health insurance to cover any unexpected medical expenses.

- CON: Rising healthcare costs

Despite the affordability of basic healthcare, costs for more specialised treatments and surgeries have been on the rise. The average consultation with a specialist varies widely depending on the hospital. Public healthcare is available and significantly cheaper, but it often comes with longer waiting times and overcrowded facilities, which may not be ideal in an emergency.

Lifestyle in Mumbai

+ PRO: Exciting lifestyle

The lifestyle in Mumbai is nothing short of exhilarating. The city offers a rich variety of leisure and entertainment activities to suit almost any taste. Whether you’re into fine dining at restaurants showcasing regional cuisines, exploring bustling marketplaces, or enjoying the city’s vibrant nightlife, Mumbai has something for everyone.

The nightlife scene is particularly dynamic, with rooftop bars offering stunning views, venues hosting live music, and themed parties becoming increasingly popular. The city is also home to numerous cultural events and festivals, adding to its allure.