Estimate Accommodation Cost Near NMIMS Mumbai
Looking for the best student and professional housing near NMIMS, Mumbai? Here are the top 12 properties close to Narsee Monjee Institute that offer comfort, safety, and convenience—perfect for anyone studying or working near the campus.
Finding the right place to stay near NMIMS can be stressful. With high demand and countless options, students often struggle to balance affordability, distance, and amenities. The good news? You don’t have to search endlessly.
This guide lists the most reliable PGs, hostels, and flats near the campus, so you can save time and settle in quickly. Let’s explore the best options step by step.
Why Stay Near NMIMS, Mumbai?
Living close to Narsee Monjee Institute of Management Studies (official NMIMS site) offers more than just convenience. The institute is located in Vile Parle West, a prime Mumbai neighborhood with easy access to Mumbai Metro and suburban railway. Staying nearby means students can avoid long commutes, save money on transport, and enjoy more time for academics and social life. The area is also filled with eateries, cafes, gyms, and libraries, making it student-friendly. Families appreciate the safety and infrastructure that comes with staying near a reputed campus.
Criteria for Selecting Properties
When choosing a property near NMIMS, it’s important to weigh a few factors. First is budget, since Mumbai rentals can be high. Students often prefer PGs or hostels, while professionals lean toward 1BHK or 2BHK apartments listed on platforms like 99acres or MagicBricks. Amenities such as Wi-Fi, laundry, housekeeping, and food services make daily life easier. Safety features like CCTV and secure entry are essential for peace of mind. Finally, proximity to NMIMS—ideally within 10–15 minutes walking or a short auto ride—should be a top priority to save time and energy.
Top 12 Properties Near NMIMS, Mumbai
1. Zolo Stay – PG for Students
Located in Vile Parle West, Zolo Stay offers fully furnished PG accommodations just 10 minutes from NMIMS. Rooms come with Wi-Fi, housekeeping, and food options, making it ideal for students who want convenience. The property has 24/7 security and CCTV coverage. Rent starts from ₹15,000 per month.
Location: Vile Parle West, Mumbai
Contact: +91-7676000500 | zolostays.com
2. Your Space PG – Vile Parle
Your Space provides student-friendly housing near NMIMS with options for single and shared occupancy. The hostel includes high-speed internet, study lounges, laundry, and biometric entry for safety. It’s located within walking distance from the NMIMS campus. Rent ranges from ₹18,000 to ₹25,000 depending on room type.
Location: Vile Parle West, near NMIMS
Contact: +91-8383027664 | your-space.in
3. Stanza Living – Boys Hostel
Stanza Living offers modern student hostels near NMIMS with a vibrant community environment. Facilities include furnished rooms, AC, common areas, food services, and app-based issue resolution. It’s popular among NMIMS students for its quality and organized management. Average rent starts from ₹17,000 per month.
Location: JVPD Scheme, Vile Parle West
Contact: +91-8750978800 | stanzaliving.com
4. Oxford House – Girls Hostel
Oxford House is a well-maintained girls’ hostel within 5 minutes from NMIMS. It provides mess services, security, and shared/common study areas. Rooms are available in both AC and non-AC categories. The property is known for strict safety protocols and supportive staff. Rent varies between ₹12,000–₹20,000 monthly.
Location: Vile Parle West, Opposite NMIMS Campus
Contact: +91-22-26141234
5. Nestaway – 1BHK and 2BHK Flats
Nestaway lists affordable rental flats near NMIMS that suit both students and working professionals. Options include fully furnished 1BHKs and 2BHKs with amenities such as kitchen appliances, Wi-Fi, and housekeeping add-ons. Rent for 1BHK starts around ₹28,000 and goes up depending on size and furnishing.
Location: Andheri West and Vile Parle West
Contact: +91-8904242424 | nestaway.com
6. Cozy Stay PG – Vile Parle East
Cozy Stay PG offers budget-friendly accommodation near NMIMS with shared and private rooms. Amenities include Wi-Fi, laundry services, CCTV, and in-house meals. It’s located in Vile Parle East, about 10 minutes from campus. Students prefer it for affordability and homely care. Rent starts from ₹10,000 per month.
Location: Vile Parle East, Mumbai
Contact: +91-9819876543
7. Krishna Girls Hostel – JVPD Scheme
Krishna Girls Hostel is one of the most popular hostels for NMIMS girls. It provides secure entry, AC rooms, study desks, and mess facilities. Located in JVPD Scheme, it offers a safe and student-friendly environment within walking distance from NMIMS. Monthly rent ranges between ₹14,000–₹22,000.
Location: JVPD Scheme, Vile Parle West
Contact: +91-22-26251234
8. Colive Infinity – Andheri West
Colive Infinity offers premium co-living spaces for both students and working professionals near NMIMS. Apartments are fully furnished with modular kitchens, Wi-Fi, housekeeping, and 24/7 security. The property also has a vibrant community with events and shared spaces. Rent begins from ₹20,000 per month.
Location: Andheri West, 15 minutes from NMIMS
Contact: +91-9606045277 | colive.com
9. OYO Life – Shared Flats
OYO Life provides ready-to-move rental flats near NMIMS with flexible agreements. Rooms are fully furnished with attached bathrooms, Wi-Fi, and power backup. The properties are strategically located for easy connectivity to NMIMS and nearby metro stations. Average rent starts from ₹14,000 per month.
Location: Santacruz West and Vile Parle West
Contact: 0124-6201611 | oyolife.in
10. PG for Boys – Hanuman Road, Vile Parle
This boys’ PG near NMIMS offers simple but affordable living options with basic furniture, Wi-Fi, and mess facilities. It is popular among first-year students for its budget pricing and proximity to campus. Rent starts at just ₹8,000 monthly, making it one of the cheapest near NMIMS.
Location: Hanuman Road, Vile Parle East
Contact: +91-9892056789
11. Prime Property 1BHK Flats – Santacruz
Prime Property lists furnished 1BHK apartments near NMIMS that are ideal for small groups or working professionals. Flats come with kitchen facilities, security, and convenient access to shopping areas. Located in Santacruz, the commute to NMIMS is under 15 minutes. Average rent is ₹30,000–₹35,000.
Location: Santacruz West, near Linking Road
Contact: +91-9876543210
12. Gokul Niwas PG – JVPD Scheme
Gokul Niwas is a family-run PG near NMIMS that caters to both boys and girls. It offers furnished rooms, homemade meals, and laundry services. The property is within a 7-minute walk to NMIMS, making it highly convenient. Rent is reasonable at ₹11,000–₹16,000 per month.
Location: JVPD Scheme, Vile Parle West
Contact: +91-9821234567
Comparison Table
Zolo Stay – PG for Students
Your Space PG – Vile Parle
Stanza Living – Boys Hostel
Oxford House – Girls Hostel
Nestaway – 1BHK & 2BHK Flats
Cozy Stay PG – Vile Parle East
Krishna Girls Hostel – JVPD Scheme
Colive Infinity – Andheri West
OYO Life – Shared Flats
PG for Boys – Hanuman Road
Prime Property – 1BHK Flats Santacruz
Gokul Niwas PG – JVPD Scheme
Best Areas Near NMIMS for Accommodation
Vile Parle (West & East): The most sought-after location for NMIMS students, thanks to its walking distance from the campus. It has a mix of PGs, hostels, and 1BHK flats. The area is safe, filled with cafes and libraries, and has excellent bus and train connectivity.
JVPD Scheme: A premium residential zone near Juhu, offering both student hostels and upscale flats. It’s quieter, cleaner, and known for its safety. Though rents are higher, it’s perfect for those looking for comfort and proximity.
Andheri West: A bustling neighborhood that offers co-living spaces and shared flats. It’s slightly farther from NMIMS (15–20 minutes), but well-connected via Mumbai Metro. The area is popular with working professionals.
Santacruz: Located south of NMIMS, Santacruz is a convenient option for students who want access to both the campus and Mumbai’s western suburbs. Flats and PGs are moderately priced compared to Vile Parle and JVPD.
Types of Accommodation Available Near NMIMS
PGs and Hostels: These are the most popular among students, offering meals, Wi-Fi, and security at affordable rates. They reduce the hassle of cooking and managing utilities.
Shared Flats: Ideal for groups of friends or students looking to cut down on costs. Shared flats usually provide more independence than hostels.
1BHK/2BHK Flats: Preferred by professionals or students who value privacy. These can be furnished or unfurnished, with rent varying by amenities and location.
Luxury Apartments: Premium apartments in JVPD or Santacruz West cater to families and students willing to pay extra for spacious living and high-end facilities.
Average Rent & Cost of Living Near NMIMS
- PGs/Hostels: ₹8,000–₹20,000 per month (includes meals and utilities in most cases).
- Shared Flats: ₹12,000–₹18,000 per person per month depending on sharing.
- 1BHK Flats: ₹25,000–₹35,000 per month, often excluding utilities.
- 2BHK Flats: ₹40,000–₹60,000 per month, suitable for families or multiple students.
Additional costs include groceries (₹3,000–₹6,000 monthly), internet (₹800–₹1,000), and transport (₹1,000–₹2,500 monthly if living farther away). Compared to other student hubs in Mumbai, Vile Parle and JVPD are on the higher end, but the convenience justifies the expense.
Tips for Choosing the Right Property
- Set a clear budget: Account for rent plus hidden costs like utilities and maintenance.
- Check proximity: Staying within 10 minutes of NMIMS saves valuable time daily.
- Prioritize safety: Look for CCTV, secure entry, and good lighting in the neighborhood.
- Inspect before finalizing: Always check the property in person or request a virtual tour.
- Negotiate rent: Many landlords in Vile Parle and Santacruz are open to reasonable negotiations, especially if you’re renting long-term.
- Choose student-friendly platforms: Use reliable sources like MagicBricks or 99acres for verified listings.
(FAQs)
Q1: What is the average rent for a PG near NMIMS, Mumbai?
Most PGs near NMIMS cost between ₹8,000–₹20,000 per month, depending on facilities like AC, food, and internet.
Q2: Are there girls-only hostels near NMIMS?
Yes. Options like Oxford House and Krishna Girls Hostel are exclusively for female students and offer strict security measures.
Q3: Which area is best for affordable housing near NMIMS?
Vile Parle East and Santacruz are relatively cheaper compared to JVPD Scheme or Vile Parle West.
Q4: Can working professionals also rent near NMIMS?
Absolutely. Many 1BHK and 2BHK flats in Vile Parle, Andheri, and Santacruz are designed for working professionals who want easy access to the area.
Q5: How can I find verified properties near NMIMS?
Use trusted property portals like MagicBricks, 99acres, and NestAway, or approach PG operators like Zolo, Your Space, and Stanza Living directly.
Conclusion
Finding the right accommodation near NMIMS, Mumbai is about balancing budget, convenience, and lifestyle. Whether you’re a student looking for a PG with meals included or a professional seeking a private flat, areas like Vile Parle, JVPD, Andheri, and Santacruz offer plenty of choices. With options ranging from ₹8,000 PGs to premium ₹60,000 apartments, there’s something for every need. Take time to compare properties, prioritize safety, and finalize early for the best deals.