Rs 18 lakhs rent for 3 months!

Bollywood actress and model Urvashi Rautela has rented an apartment in the Vile Parle (West) area of Mumbai for Rs 6 lakh per month. She has rented a 3,600-square-foot apartment for a period of three months, from January 2025 to March 2025. The rental agreement was registered on the 16th of this month. This 3BHK apartment comes with two car parking spaces. The agreement mentions that the apartment is rented temporarily for her personal use and the residence of her family members. She has paid a Rs 19.5 lakh interest-free security deposit.

There is ongoing debate about whether it’s better to rent or buy a property, especially when such a large rent amount is being paid. However, experts state that Indian youth prefer renting apartments rather than buying them for three main reasons. One of them is flexibility. When you buy a property, you’re essentially locked into that location. Renting, on the other hand, offers more flexibility. Renting is 2-3% cheaper than purchasing a house. If you take a loan to buy a house, the cost of owning your own property significantly increases. Therefore, some people prefer renting over buying, especially when they are unable to afford the house they desire.