Living in Malad, Mumbai: Budget and Survival Guide

Malad is a suburb in Mumbai that is often considered to be a moderately expensive area compared to other parts of the city. While this makes it relatively more expensive than some other neighborhoods, it is certainly possible to survive and thrive in Malad, particularly if you manage your budget carefully.

Understanding Living Costs in Malad

Living in Malad can include varying costs across various aspects of life, from housing and utilities to food and transportation. Below is a detailed breakdown to help you plan your budget.

Housing Costs

Renting a 1BHK Apartment: Rent can range widely depending on the location and amenities. A 1-bedroom (1BHK) apartment can cost anywhere from ?25,000 to ?40,000 per month. However, if you decide to share an apartment, this can significantly reduce your expenses. Sharing with 2-3 friends can bring down your personal cost to an average of ?15,000 to ?20,000 per month.

Utilities and Internet

Monthly Utilities (Electricity, Water, Gas): Basic utilities for an average person can cost between ?2,000 to ?4,000 per month. This includes electricity, water, and gas.

Internet Services: Internet providers in Malad charge around ?800 to ?1,500 per month, depending on the service and package you choose.

Food Costs

Eating Out: A mid-range meal at a restaurant can range from ?300 to ?600 per person. However, if you choose to eat at more budget-friendly places, this can be significantly less.

Groceries: Monthly grocery costs can range from ?2,000 to ?4,000 per person, depending on your dietary preferences. Vegetarians may find the costs to be lower as compared to non-vegetarians.

Transportation

Local Transport: Traveling within Malad and Mumbai is relatively affordable. A monthly train pass or bus pass can cost approximately ?500 to ?1,500. However, using auto-rickshaws or taxis can add to your expenses and may be more costly.

Lifestyle Costs

Entertainment and Shopping: Activities like entertainment and shopping can be managed on a budget with careful planning. Engaging in leisure activities without breaking the bank is feasible if you manage your finances prudently.

Key Considerations for Freshers at Mphasis

As a fresher at Mphasis, you can expect a competitive salary in the IT sector. This should help you cover your living expenses in Malad. It is advisable to create a detailed budget to track your income and expenses. This will ensure you can sustain your lifestyle in Mumbai.

Expert Tip

Living in Malad is not a big challenge if you live near the station. This convenience can significantly reduce your daily travel costs. Some areas in Malad, like Malad East, are generally cheaper than Malad West. For instance, a 1BHK flat in Malad West can start from ?25,000 to ?30,000, but in Malad East, the cost can be around ?15,000 to ?20,000.

By choosing a strategic location and being mindful of your expenses, you can comfortably live in Malad without worrying about your finances.