11 Best Places To Live in Mumbai for Every Budget
Places to Live in Mumbai for Every Budget- Mumbai, often known as the “city that never sleeps,” is a location where people build their ambitions, smash prejudices, and, to a certain degree, shape the future of thousands of Indians. If you’re one of those aspirational dreamers heading to Mumbai, you’ll need to do a lot of research to select the finest neighbourhood.
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For your benefit, we have done all the research and listed some of the top areas in Mumbai for you to live. These areas feature incredible infrastructure, open spaces (which are uncommon in cities), fantastic parks and amenities, and residential designs that are the stuff of fantasies.
Worli
The finest neighbourhood in Mumbai to reside in is probably Worli. Its metamorphosis from a fishing community to an upscale residential enclave has made it one of the city’s most sought-after communities. The region is filled with contemporary facilities, opulent residences, conventional religious buildings, and skyscrapers that house the offices of significant corporations.
- Gokul English Primary School, Greenlawns School Worli, Sacred Heart High School, D.Y. Patil International School etc. are some of the schools.
- Business names include Siemens, CEAT, Novartis, Deloitte, TATA, GSK Pharmaceuticals, and many others.
- Hospitals include M. A. Podar, ESIS, Worli Hospital for Women, Dr. Tilak, and others.
- Shopping centres: B.R. Gawde Market, The Atria Millennium Mall, and Palladium Mall, among others.
- Parks for recreation include Bhagvan Mahavir Garden, The Cliff, and Shastri Garden.
- Visitor destinations include Prabhadevi Beach, Worli Fort, and Worli Sea Face.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹ 30,000 – ₹90,000 | ₹1.9 Cr – ₹2.5 Cr |
| 2 BHK | ₹ 1 Lakh – ₹1.4 Lakh | ₹3.8 Cr – ₹5.33 Cr |
| 3 BHK | ₹ 1.7 Lakh – ₹3 Lakh | ₹5.75 Cr – ₹7.16 Cr |
Bandra
One of the nicest areas to reside in Mumbai is Bandra, also referred to as the Queen of Suburbs. It is known for being the residence of some of the most well-known actors and actresses. There are several five-star restaurants & pubs in the vicinity, and you can run into famous people there.
- Schools include Bandra West School, St. Stanislaus High School, Arya Vidya Mandir High School, etc.
- A wide range of companies, such as Citigroup, Google, IBM, Standard Chartered, Avon Engineering Company & Emdrix Pharmaceuticals Pvt Ltd.
- Hospitals include the Bhabha Hospital, Mandar Hospital, Parekh Eye Hospital, and Lilavati Hospital and Research Centre.
- Malls: Sona Shopping Centre, Veena Beena Shopping Centre, Link Square Mall Bandra West, etc.
- Parks for recreation include Guru Nanak Park, Almeida Park, and Joggers Park.
- Bandra Fort, St. Andrew’s Church, Love Mumbai, the Bandra-Worli Sea Link, and more places to see.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹27,000 – ₹80,000 | ₹1 Cr – ₹2.25 Cr |
| 2 BHK | ₹45,000 – ₹1.2 Lakhs | ₹2.75 Cr – ₹3.99 Cr |
| 3 BHK | ₹95,000 – ₹2.3 Lakhs | ₹4.95 Cr – ₹8 Cr |
Lokhandwala
Due to its proximity to numerous production companies, Versova Beach, & Rock Beach, Lokhandwala is perhaps the most well-liked residential area among young people and aspiring filmmakers.
Due to its strategic location and superior connections, it has recently developed into a business and real estate centre. With its well-equipped residential amenities, it is excellent for aspiring filmmakers as well as bachelors, students, and families.
- Schools include AlphaKids, Bhaktivedanta Swami Mission School, Little Wonder International Mumbai, and numerous others.
- Companies include Omega Petroenergy Pvt Ltd, Bygging India Limited, Vibrant Content Pvt Ltd, Heighten Trading Company, etc.
- Hospitals: Shiv Jyotish Hospital, Sanghavi Hospital, Aashirwad Hospital, etc.
- Shopping Centres: RNA Shopping Centre, Fantasy Collections, Kamadhenu Shopping Centre, etc.
- Recreational parks include Bianca Park, Lokhandwala Complex Garden No. 4, and Pramod Mahajan Playground.
- Swami Samarth Temple, Lal Sai Mandir, Versova Beach, etc. are among the places to visit.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹25,000 – ₹45,000 | ₹1.10 Cr – ₹1.60 Cr |
| 2 BHK | ₹37,000 – ₹70,000 | ₹2.20 Cr – ₹2.85 Cr |
| 3 BHK | ₹75,000 – ₹1.5 Lakhs | ₹3.30 Cr – ₹5.73 Cr |
Andheri
With areas like Chakala, JB Nagar, & Marol Naka that offer some of the greatest and most cheap housing options in Mumbai, Andheri can be regarded as one of the city’s best residential neighbourhoods. It has excellent metro connections and offers a wide range of amenities everywhere you look. The region is great for students, office workers, & families looking for economical places to live because it also has a lot of large firms and offices.
- Schools include Divine Child High School & Junior College, Canossa High School, St. Xavier’s High School, and Bombay Cambridge International School.
- Organisations: Syntel, Mastek, Bombay Ammonia & Chemicals, Servify, and numerous others.
- Hospitals: Shakuntala Memorial Hospital, Holy Spirit Hospital, Seven Hills Hospital, etc.
- Shopping centres include Prime Mall, Crystal Point Mall, Shreepal Complex, Rajwadi Shopping Centre, etc.
- Recreational parks include Ashok Kamte Park, Lallu Bhai Park, and others.
- Locations to see include Ramesh More Udyan, Holy Family Church Andheri, and the Mahakali Caves.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹20,000-₹40,000 | ₹1.04 Cr – ₹1.65 Cr |
| 2 BHK | ₹35,000 – ₹62,000 | ₹1.81 Cr- ₹2.55 Cr |
| 3 BHK | ₹60,000 – ₹90,000 | ₹2.20 Cr – ₹3.68 Cr |
Malad
Malad, one of the nicest areas to live in Mumbai, is situated between Andheri and Goregaon. It is large, well-developed, and a lovely place to live. Has a lively, positive atmosphere and is full of shops and cafes. It has a lot of amenities and is also reasonably priced.
- Schools include VIBGYOR High School, Milestone International School, Shri Balaji International School, and Billabong High International School.
- Kubic Technology, Alacrity Technologies, Mindspace, Bimal Pharma, and Credence Analytics are some of the companies.
- Hospitals: Suchak Hospital, Lifeline Multi-specialty Hospital, Thunga Hospital, and Zenith Hospital.
- Shopping centres: Kothari Milestone, Infiniti Mall, In-orbit Mall Malad.
- Recreational parks include Ali Talao Park, Pushpa Park, Sai Baba Park Garden, and Rajiv Gandhi Udyan Public Park.
- Locations to see: Parekh Nagar Garden, Dr. Keshav Baliram Hedgewar Park, and BMC Podar Park.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹20,000 – ₹32,000 | ₹78 Lakhs – ₹1.07 Cr |
| 2 BHK | ₹30,000 – ₹65,000 | ₹1.38 Cr – ₹1.92 Cr |
| 3 BHK | ₹45,000 – ₹85,000 | ₹2 Cr – ₹4.20 Cr |
Kandivali
This area of Mumbai may be the top candidate for Mumbai’s best residential neighbourhood after Andheri. Greenery naturally surrounds it, creating a welcoming and satisfying atmosphere. Nearby this region are numerous schools, colleges, hospitals, and dining establishments.
- Schools: Pawar Public School, Kapol Vidyanidhi International School, Akshara High School, K.B. Patil International School.
- Companies: Ajanta Pharma LTD, BDH Industries LTD, Modern MFG, and BDM Infotech
- hospitals: DNA Multi-Speciality Hospital, Lotus Multi-Speciality Hospital, Shatabdi Hospital, Sanchaiti Super-Speciality Hospital.
- Growel’s 101 Mall, Raghuleela Mega Mall, Xth Central Mall, and Centrium Mall are a few examples of shopping centres.
- Parks for recreation include Shaheed Bhagat Singh Park, Hindu Hrudyasamrat Shri Balasaheb Thackarey Dream Park, and TBAF Jogger’s Park.
- Sanjay Gandhi National Park, Brahmin Mahanagarpalika Garden, and Triveni Garden are places to visit.
Prices for rentals and real-estate:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹19,000 – ₹30,000 | ₹72 Lakhs – ₹1.06 Cr |
| 2 BHK | ₹25,000 – ₹40,000 | ₹1.25 Cr – ₹1.90 Cr |
| 3 BHK | ₹33,000 – ₹55,000 | ₹1.85 Cr – ₹3 Cr |
Chembur
Chembur is connected to important commercial centres like BKC, Sion, & Ghatkopar through a complex network of housing neighbourhoods. One of the nicest areas to reside in Mumbai is there. Being one of the oldest neighbourhoods in the city, it is excellent for families and business travellers. Due to its strong accessibility, students may reside in this neighbourhood without any difficulty.
It is near to the Ghatkopar metro station, has its own Mumbai local station, and has a Monorail line that connects it to Dadar and Lower Parel.
- Schools: Loreto Convent School, St. Gregorios High School, JBCN International School, and St. Gregorios High School.
- Organisations: MSCDA Ltd, Shree Vaishnav Alloys PVT LTD, ACC Indian PVT LTD, Amrut Software PVT LTD, Medigraph Pharmaceuticals Pvt, Ltd & Kirloskar Pneumatic Company Ltd.
- hospitals: SRV Hospital, Shree Hospital, Inlaks General Hospital, Sai Hospital, Zen Multi Speciality Hospital.
- Shopping centres: 505 The Central, K Star Mall, Fashion World, DMart PUP, Cubic Mall, and RNA Complex.
- Ambedkar Garden, Chimni Garden, Bhakti Park, and IIPS Children’s Park are some parks for relaxation.
- Borba Devi Udyaan, Rock Garden, and Diamond Garden are places to see.
Prices for rentals and real-estate:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹23,000 – ₹40,000 | ₹73 Lakh – ₹1.10 Cr |
| 2 BHK | ₹35,000 – ₹60,000 | ₹1.35 Cr – ₹2.10 Cr |
| 3 BHK | ₹48,000 – ₹85,000 | ₹2.15 Cr – ₹3.40 Cr |
Powai
Powai can be considered the princess of suburbs if Bandra is the queen. The greatest residences in the nation, the fanciest showrooms, and some of the hottest bars and restaurants actually shine on the streets of this location. It is close to the Navi Mumbai area and is the location of IIT-Mumbai.
- Companies: Cognizant, Wipro Ltd Foundations, Hiranandani Group of Companies, Orion Innovations.
- Hospitals: Dr. LH Hiranandani Hospital, S.B. Nursing Home & Hospital, Nihal Nursing Home, Hiranandani Hospital, Powai Polyclinic & Hospital.
- Shopping centres: Galleria Mall, Heera Panna Shopping Centre, Powai Plaza, and XL Plaza.
- Parks for recreation include the Heritage Garden, Forest Park, Deer Park, and MCGM Nirvana Park.
- Powai Lake, Hiranandani Garden, and Ambrosia Garden are places to visit.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹30,000 – ₹45,000 | ₹1.05 Cr – ₹1.40 Cr |
| 2 BHK | ₹45,000 – ₹60,000 | ₹1.85 Cr – ₹2.88 Cr |
| 3 BHK | ₹55,000 – ₹75,000 | ₹2.35 Cr – ₹3.78 Cr |
Goregaon
A special housing area that is far from the noise and commotion of daily life and quite close to nature. It is a well-run, affluent community with the right number of amenities.
A significant commercial centre, it is most known for the renowned Dada Saheb Phalke Film City, which employs more than half of the city’s actors, cinematographers, filmmakers, set and spot guys, and has an IT corridor.
- Schools: GES English Medium School, Lakshdham High School, Mount Mary High School, and Oberoi International School.
- Companies: Spine Technologies, Sunways India, Sanver India PVT LTD, NCC Telecom PVT LTD, Hiralal & Company & Freestone Infotech Private Ltd.
- Hospitals: Radha-Krishna Hospital, Lifeline Medicare Hospital, Vedant Hospital, SVR Hospital, Kapadia Multi-Speciality Hospital.
- Shopping centres: Hiren Centre, Orchard Centre, Alankar Centre, and Gokuldham Centre.
- Aarey Bhaskar Garden, Jayprakash Narayan Udayan, Brahma Kumari Garden and Wagheshwari Park are parks for relaxation.
- The Chotha Kashmir Boat Club, Yashodham Municipal Park, Nana Saheb Park and P L Deshpande Garden are among the places to visit.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹20,000 – ₹32,000 | ₹72 Lakh – ₹95 Lakh |
| 2 BHK | ₹30,000 – ₹50,000 | ₹1.40 Cr- ₹2.30 Cr |
| 3 BHK | ₹50,000 – ₹70,000 | ₹2.20 Cr – ₹3.35 Cr |
Juhu
The richest Mumbai suburb, while not being the busiest. The Juhu Beach and the string of celebrity-owned homes make this region ideal for foreigners who lead similar lifestyles. Schools, dining establishments, and market places are accessible, much like in other locations, to make your stay convenient.
Bollywood stars like Govinda, Raveena Tandon, Amitabh Bachchan, and many more call it home. The well-known ISKCON temple is also located in Juhu. If your job or school is close by, you can search for a PG or rent a flat in Vile Parle, which is less expensive than Juhu.
- Schools include Billabong High International School, Utpal Shanghvi Global School, and Ecole Mondiale World School.
- Companies: Bookmyshow.com, Kotak Mahindra, Woodlands Food & Beverages Pvt Ltd, and Catalyst Pharma Consulting.
- hospitals: Benz Hospital, Lotus Eye Hospital, Sujay Hospital & Research Centre, Criticare Asia Multispeciality Hospital.
- Shopping centres: D B Mall, Amrapali Shopping Centre & Jevani – The Designer Mall.
- Pushpa Narsee Park, Beach Garden, Kaifi Azmi Udayan, Juhu Garden. Parks for recreation.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹20,000 – ₹30,000 | ₹50 Lakh – ₹2.5 Cr |
| 2 BHK | ₹45,000 – ₹ 60,000 | ₹2.75 Cr – ₹6.5 Cr |
| 3 BHK | ₹55,000 – ₹80,000 | ₹3 Cr – ₹18 Cr |
Parel
One of Mumbai’s best neighbourhoods for living is Parel. It is a neighbourhood that is conveniently positioned and well connected to the rest of the city. Some of Mumbai’s top hospitals, shops, and schools are located in Parel.
Parel is a great option if you’re seeking for a secure neighbourhood to live in. Parel has an extremely low crime rate and a close-knit community. Additionally, the neighbourhood has several security officers and CCTV cameras.
- Education: ORCHIDS the international school, the dsb international school, the international school at jbcn, the international school at kms, etc.
- Companies: Deloitte, Infosys, Accenture, Capgemini, Tata Consultancy Services.
- Hospitals: Sparsh Children’s Hospital, King Edward Memorial Hospital, Global Hospitals, Mansi Maternity and Surgical Nursing Home.
- Phoenix Palladium, Grand Galleria, and Centre point are three shopping centres.
- Bhivaji Rao Nare Park, BMC Garden & Children’s Park, Lodha Park Garden, and Parel Baug are other parks for relaxation.
Real-estate and rental prices:
| CATEGORY | RENTAL PRICE (AS UPTO 14 JUNE,2022) | REAL ESTATE PRICE (AS UPTO 14 JUNE,2022) |
| 1 BHK | ₹30,000 – ₹50,000 | ₹5 Lakh – ₹2.5 Cr |
| 2 BHK | ₹50,000 – ₹80,000 | ₹70 Lakh – ₹6.5 Cr |
| 3 BHK | ₹80,000 – ₹1.2 Lakh | ₹3 Cr – ₹16 Cr |
Conclusion
Mumbai boasts a wide variety of communities that accommodate various tastes and lifestyles. Mumbai offers something for everyone, from upscale neighbourhoods like Worli & Bandra to more modest but nonetheless convenient suburbs.
Families and individuals searching for a secure neighbourhood should consider Chembur and Parel. Powai and Juhu, in contrast, offer an opulent and rich way of life. A distinctive fusion of urban and natural living can be seen in Kandivali and Goregaon. Mumbai continues to be one of the most sought-after places in India to live due to its rich history, vibrant culture, & abundance of chances.
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