Mumbai real estate market: Can you rent a property in the financial capital for two to six months? | Hindustan Times
While the preferred period to rent a property in Mumbai, be it commercial or residential, is a minimum one year, there are instances when properties are leased for a shorter duration for two to six months. According to real estate brokers, there is no legal provision that prohibits property owners from renting out private property for a shorter period, but the rent charged is at a premium (extra) and is generally 20% higher than the market rate.