Are you someone who intends to try your luck in Mumbai, the city of dreams? Here is a list of the most reasonably priced neighbourhoods in Mumbai so that you won’t break the bank trying to afford the bare minimum. Mumbai is India’s financial and entertainment hub in addition to being the country’s financial hub. Mumbai is a city that satisfies the desires of many people from many towns and cultures. It is home to numerous famous and significant persons, like Amitabh Bachchan, Mukesh Ambani, Shah Rukh Khan, Virat Kholi, Salman Khan, etc.

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Everyone is welcomed in Mumbai, whether they are a struggling actress, model, director, writer, photographer, or a salaried worker looking for work in the huge metropolis. Mumbai property prices are extremely high since the city is continually in demand and represents hope to many. Don’t worry, though; we’ve got you covered.

 

Mumbai’s Most Economical Places to Live

We have compiled a list of Mumbai’s most reasonably priced neighbourhoods so you may choose the ideal home as you work to realize your aspirations. Mumbai is a city where space is at a premium, hence houses tend to be tiny in size. The most popular sizes are 1RK, which stands for “one room and kitchen,” and 1 BHK, which stands for “one bedroom, living room, and kitchen.” Continue reading to find out which parts of Mumbai are the most affordable.

 

Borivali

Borivali, also referred to as the “suburb of gardens,” is one of the most reasonably priced neighbourhoods in Mumbai. For individuals who work close to CST, Borivali is a great location because it can be reached in around 45 minutes by local train.

Borivali, which is crammed with institutions, schools, clinics, and even restaurants, is developing into a centre for cutting-edge social infrastructure and corporate offices. Additionally, there are many ways to get to Borivali, including the Borivali Railway Station, taxis, buses, & auto-rickshaws. In Borivali, it is simple to discover rental homes.

 

Social facilities close by:

• Hospitals: Shree Ganesha Hospital, Mandapeshwar Nursing Home, Lotus Multispeciality Hospital, Apex Hospital
• Orchids, educational institutes St. Francis Institute of Technology, Don Bosco High School, JBCN International School, and The International School
• Malls: V Star Mall and Indraprastha Shopping Center

 

Real Estate Prices in Borivali

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Borivali	Multistorey Apartment	Rs.19,543	Rs.38
	Residential House	Rs.11,631	Rs.33

 

Ghatkopar

Ghatkopar, one of the oldest neighbourhoods in Mumbai, is well-known for its businesses, residences, and educational facilities. Ghatkopar, which is among the most reasonably priced neighbourhoods in Mumbai, is one site where multi-story apartments predominate.

The Ghatkopar Metro Station connects Ghatkopar to the rest of Mumbai. Additionally, Mumbai Metro has already started construction on the Versova-Andheri-Ghatkopar metro line, making Ghatkopar even more accessible once it is finished. In Ghatkopar, renting a home is simple.

Social facilities close by:

• Hospitals: Samartha Maternity & Multispecialty Hospital, Aadhar Orthopedic Hospital, Ramabai Thackrey Hospital
• The Universal School, PVG Vidya Bhawan School, P G Garodia School and Vidyaniketan Commerce & Science College are among the educational institutions.
• Shopping Center in Milan: R Odeon Mall

 

Real Estate Prices in Ghatkopar

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Ghatkopar	Multistorey Apartment	Rs.19,325	Rs.48
	Residential House	Rs.9,697	Rs.36

 

Vikhroli

The North-East Mumbai neighbourhood of Vikhroli has a wide range of residential spaces. Vikhroli is constantly in demand among prospective property buyers or tenants due to its first-rate infrastructure, gardens, restaurants, theatres, etc.

The Central Railway Line’s Vikhroli Railways Station links Vikhroli to all the important areas of Mumbai. Additionally, the Eastern Express Highway, Lal Bahadur Shastri Road, and Agra Road are the main thoroughfares linking Vikhroli to the rest of the city. Get a residence in Vikhroli.

 

Social facilities close by:

• Hospitals: Krantiveer Mahatma Jyotiba Phule Hospital, Godrej Memorial Hospital, Samarth Hospital, Aastha Hospital
• Orchids, educational institutes Sandesh College of Arts, Commerce & Science, Utkarsha Bal Mandir, The International School, Abhay International School, Vikas College of Arts, Science, and Commerce
• Market/Mall: Daksh Supermarket, Vikhroli East Market

 

Real Estate Prices in Vikhroli

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Vikhroli	Multistorey Apartment	Rs.17,004	Rs.56

 

Kandivali

Kandivali, formerly known as Khandolee, is a developing neighbourhood in North Mumbai. Kandivali is a great spot for homemakers, families, and salaried professionals to dwell because it is full with entertainment & relaxation areas. Which is 14 kilometres from both the domestic and international airports, is one location that provides quick access to all of Mumbai’s premier neighbourhoods.

One of the busiest stations, the Kandivali Railway Station was constructed in 1907 and smoothly connects Kandivali to all the key locations of Mumbai. The Goregaon-Mulund Link Road, which links the western and central suburbs, also travels through Kandivali. Some of the rental houses are simple to locate in Kandivali.

 

 Social facilities close by:

• Hospitals: Sukhsagar Hitech Hospital, BMC Hospital, Paarth Hospital, Shatabdi Hospital
• educational institutions: Akshara High School, St. Joseph’s High School, Kapol Vidyanidhi International School, and Prakash College of Commerce and Science
• Raghuleela Mega Mall and Thakur Mall are two stores.

 

Real Estate Prices in Kandivali

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Kandivali	Multistorey Apartment	Rs.17,007	Rs.38
	Residential House	Rs.16,100	Rs.38

 

Malad

Malad is home to numerous MNCs and a sizable population of white-collar workers. Malad, one of the more affordable residential neighbourhoods, has everything from delectable street cuisine to opulent hotels.

You can take a ferry to Manori, Gorai, or Versova from Malad. Malad is also connected to the rest of the city via the SV Road, NH-8 Ferry, and Link Road. Malad West is only 12.2 kilometres from Chhatrapati Shivaji International Airport. You can find the Malad apartments for rent right here.

 

Social facilities close by:

• hospitals: Lifeline Multispeciality Hospital, Zenith Hospital, and Thunga Hospital
• Orchids, educational institutes The International School, Ryan International School, Billabong High International School, and Nagindas Khandwala College of Business, Arts, and Management Studies
• Infiniti Mall and Inorbit Mall are two markets.

 

Real Estate Prices in Malad

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Malad	Multistorey Apartment	Rs.16,555	Rs.44
	Residential House	Rs.11,488	Rs.34

 

Kurla

Kurla, which is regarded as Mumbai’s beating heart, is a neighbourhood that is rapidly growing. The Kurla is home to numerous sites of worship, including Sai Baba Temple, Holy Cross Church, Darul Uloom Mehboob-e-Subhani, Ganpati Mandir, etc. The residential area of Kurla is perfect for both middle-class and upper-class sectors. In Kurla, it is simple to locate a rental apartment.

 

Social facilities close by:

• Hospitals: City Hospital & Research Center, Amar Hospital, Kohinoor Hospital
• Holy Cross High School, St. Joseph High School, Kohinoor International School and Mithibai College are among the educational institutions.
• Phoenix Marketcity, a mall

 

Real Estate Prices in Kurla

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Kurla	Multistorey Apartment	Rs.16,204	Rs.25

 

Chembur

Due to the presence of industrial center’s in and around it, Chembur is a residential region that many people prefer. Many tourist destinations in Chembur are well-known, including the Diamond Garden, Dr. Ambedkar Garden, and Tata Institute of Social Science. The Bhabha Atomic Research Centre, Hindustan Petroleum Corporation Limited, Petroleum Corporation Limited and other well-known businesses are located in this well-known IT cluster.

In addition to the presence of industrial hubs, Chembur is a popular place to live due to the excellent connection it provides as it is only 15 km from the airport. Additionally, Chembur connects Navi Mumbai to Central Mumbai, simplifying transit for countless numbers of people. View the apartments available for rent in Chembur.

 

Social facilities close by:

• hospitals, include Apollo Spectra Hospital, Zen Multi Speciality Hospital, & SRV Hospital
• educational institutions: Vivekanand Education Society’s Institute of Technology, St. Gregorios High School, and JBCN International School (VESIT)
• Cubic Mall and K Star Mall are two markets.

 

Real Estate Prices in Chembur

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Chembur	Multistorey Apartment	Rs.19,289	Rs.48
	Builder Floor	Rs.14,581	Rs.47
	Residential House	Rs.18,357	Rs.41

 

Powai

The Vikhroli Parksite hills surround Powai, which is located on the Powai Lake shore. Powai is regarded as an economical and ideal place for students and salaried people to live because it is home to numerous businesses and educational institutions. Additionally, many devotees travel to Powai for the Ganesh Visarjan during Ganesh Chaturthi. Powai is home to the well-known Sanjay Gandhi National Park, and there are other historic sites you may explore as well. In Powai, it is simple to locate rental homes.

 

Social facilities close by:

• hospitals, include Apollo Spectra Hospital, Zen Multi Speciality Hospital, and SRV Hospital
• educational institutions: Vivekanand Education Society’s Institute of Technology, St. Gregorios High School, and JBCN International School (VESIT)
• Cubic Mall and K Star Mall are two markets.

 

Powai’s Real Estate Prices

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Powai	Multistorey Apartment	Rs.20,364	Rs.51

 

Airoli

One of Mumbai’s top residential and business districts is Airoli. It offers a range of family- and student-friendly real estate options. Through the Mulund-Airoli bridge and the Kalwa bridge, respectively, the neighbourhood has excellent access to many important areas of the city, including Mulund and Thane. The area’s greatest asset is the variety of amenities available to residents, which enable them to lead pleasant, modern lives. Additionally, simple to locate are rental properties in Airoli.

• hospitals: Criticare Hospital, Rainbow Multispeciality Hospital, and Trauma Center
• Vibgyor High School, Dayanand Anglo Vedic Public School, & Datta Meghe World Academy are educational institutions.
• Rock Point & Oerlikon Trade Place Pvt. Ltd. are two shopping centres.

 

Real Estate Prices in Airoli

Locality	Type of Property	Average Rates Per Sq. Ft.
		Sale	Rent
Airoli	Multistorey Apartment	Rs.12,008	Rs.28
	Builder Floor	Rs.11,028	Rs.24
	Residential House	Rs.10,579	Rs.26

 

Mumbai’s Top Affordable Housing Projects

Due to the high cost of real estate, many people fantasise of living in a “city of dreams.” Finding a property that is both reasonable and complete with all the facilities becomes challenging. Today, we’ve provided 5 cheap projects in Mumbai for you to choose from.

 

In conclusion: Affordable Mumbai Neighborhoods

Mumbai is a large city, so it’s crucial to conduct all of your online housing research before moving there. You may browse Navi Mumbai Houses from the convenience of your home to find the best cheap locations to live in Mumbai with just a few clicks.

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