When do you suggest moving to Mumbai feasible?
and at what family income? Family in question here is in their late thirties with an 8 to kid and a 68 yo father. Will be leaving behind a comfortable own house in a city with no growth. Husband and wife are into VC and Media industries.
AliveYouth71
Stealth
a year ago
Moving to mumbai is feasible when u r currently living in bangalore
FineGinger
Stealth
a year ago
Why do you say so? I thought Bangalore is better than Mumbai
AliveYouth71
Stealth
a year ago
Lol no wayyy
You can't possibly time this.
I'd say when one of them gets a job in Mumbai that allows anchor.
Major costs are:
Rent (depends on location) but at-least 1 / 1.5 L pm for a 3 BHK
School fees - ICSE / CBSE schools are reasonable sub 2L pa, IB schools are 5 to 15L pa
Food & Entertainment are in line with other metros, in some specific cases marginally more expensive
So for a comfortable life I'd say an income of 1 Cr a year. 30 L in annual expenses + 30L in investments + 40L to Sarkar.
FineGinger
Stealth
a year ago
Thanks! Helpful... although..makes it out of reach 😊
@FineGinger I'm erring on the side of abundant caution. You may be able to optimise depending on where you place of work is.
