Top 12 Posh Areas in Mumbai: The City of Dreams
Posh Areas in Mumbai represent the height of exclusivity, luxury, and the best level of living in India’s financial and entertainment hub. These communities are the most sought-after and lively regions since they are home to Bollywood stars, business moguls, and entrepreneurs. They also feature opulent mansions in picturesque or great metropolitan settings. They are the height of luxury, offering breath-taking views of the sea and the prospect of an opulent lifestyle that makes many people want to own a property in these sought-after locations.
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Let’s examine the list of the most elite neighbourhoods in Mumbai
Bandra Bandstand
Undoubtedly, one of the liveliest areas in this metropolis is Bandra. The affluent and famous are said to call the Bandstand neighbourhood home. The buildings in this region provide a breathtaking panoramic view of the Arabian Sea. You can see Mount Mary Church and the Bandra Fort, among other major highlights, from your balcony. Many celebrities call Bandra Bandstand home, including Salman Khan, who lives in the Galaxy Apartments with his family.
The area is essentially above it all, free of pollution and noise while enjoying a refreshing sea air. This neighbourhood contributes its name to Mumbai’s upscale districts and offers residents access to one of the city’s best-preserved beachfront promenades. Because it is well-planned and increases the standard of living for its residents, this is also Mumbai’s VIP area.
One of Mumbai’s most renowned neighbourhoods, Bandra Bandstand is a quiet area with average property prices of Rs. 42,691 per square foot. Rent for a studio flat in this area starts at 45,000. The cost of living is approximately 75,000. There are opulent skyscrapers with breathtaking sea views in this neighbourhood.
Malabar Hill
One of Mumbai’s nicest neighbourhoods is Malabar Hill, which is in the southern part of the city and is well-known for its opulent homes and fancy automobiles. The area is situated on a hill that rises from Chowpatty and offers breathtaking views of Marine Drive. In this fast-paced metropolis, the Gulmohar-lined walkways of Malabar Hill provide comfort. The Bangaga Tank’s residence is another name for this beautiful site in Mumbai. This affluent part of Mumbai provides a visually appealing backdrop for your Instagram photos. This location’s architecture contributes to its pleasing visual appeal.
The average cost of a house in Malabar Hill, which is renowned for its opulent lifestyle and stunning views, is Rs. 51480 per square foot. Spacious apartments in new complexes and heritage buildings near Hanging Gardens are available for ₹60,000 per month.
Hiranandani, Powai
Nestled in Powai’s northern suburbs lies the opulent Hiranandani Complex. The township serves as a timeless illustration of how a neighbourhood may transform an attenuating suburb. Because it has contributed to the city’s financial boom, this has also been designated Mumbai’s best location to live. This neighbourhood has it all: fashionable apartment buildings, galleries for shopping, large green spaces, well-regarded schools, and trendy eateries.
Altamount Road
One of the costliest houses in India, it is situated in a wealthy area of Mumbai and is home to Mr. Mukesh Ambani’s Antilla. Altamount Road, one of the most affluent neighbourhoods in Mumbai, is the greatest neighbourhood if you want to live close to wealthy and well-known people.
Because of how accessible it is to its citizens; it has been regarded as one of Mumbai’s greatest areas to live. The fact that it takes an alternate route and avoids the constantly busy Peddar Road adds to its allure. This region qualifies as one of Mumbai’s upscale areas because it is home to multiple consulates and panjandrums.
Altamount Road, which is home to some of the most lavish residences in India, such as Mukesh Ambani’s Antilla, has an average property price per square foot of Rs. 58100. Living here starts at ₹1,00,000 and is distinguished by opulent flats and standalone homes in one of Mumbai’s wealthiest neighbourhoods.
JVPD Scheme
The JVPD Scheme is near Juhu Beach and is a community that is home to several Bollywood stars. This area is home to the renowned Prithvi Theatre as well as opulent residential buildings and bungalows as well as the revitalizingly green Kaifi Azmi Park. It positions itself as one of Mumbai’s affluent residential areas. The area is the nicest in all of Mumbai, with lots of hip cafes, bars, and restaurants. The traffic is terrible, but you never know who you might run into—a star is known to frequent this hangout. The trendiest eateries and salons are located in this area of the town. There are some real vegan eateries that you can try if you’re willing to try new things.
The average price of a house in the JVPD Scheme suburb, which is well-liked by Bollywood celebs, is Rs. 39400 per square foot. Living expenses in this upscale neighbourhood, which offers large apartments and penthouses, begin at ₹70,000.
Pali Hill, Bandra
This upscale enclave, which takes its name from the indigenous Pali town of Bandra, is a cut above the other suburbs and accurately represents what it means to be considered one of Mumbai’s wealthy areas. Listed as one of Mumbai’s top ten upscale districts, you can stroll down its meandering slopes and occasionally spot a celebrity jogging or cycling up the occasionally dangerous acclivity.
This district is very well-liked because of its collection of well-known eateries in Mumbai, as well as its modern buildings and traditional bungalows. Pali Hills, a market-oriented residential area with excellent accessibility to all amenities, is also the greatest place to live in Mumbai. Look at rental apartments in Pali Hill.
Pali Hill, which is perched on a picturesque hill, with average property prices of Rs. 35970 per square foot. The cost of living is between ₹45,000 & ₹60,000, and there are hip cafes surrounded by charming apartments in older structures.
The mean cost of a property is Rs. 35970 per square foot.
Seven Bungalows, Versova
Versova is an affluent suburb on the fringes of northwest Mumbai. Two of the city’s most well-known attractions are the Versova Fort and the waterfront. Recently, Versova’s beach saw what is known as the largest beach clean-up in history. It’s the greatest place to live in Mumbai, home to a number of superstars and sitcom stars, and a residential area as opposed to Andheri. It also has easy access to the Mumbai Metro, which connects it to Juhu and the central neighbourhood of Ghatkopar. The Versova beach is a great spot to work out in the evening while admiring the beauties of the surrounding area.
The average cost of a property in Versova is Rs. 31,610 per square foot. The cost of living is between ₹40,000 and ₹55,000, and the area offers villas and flats along the beach that have a relaxed vibe.
A typical property costs Rs. 31,610 per square foot.
Worli Sea Face
In Mumbai, Worli Sea Face real estate prices are among the highest. Due to its proximity to the Rajiv Gandhi Sealink’s Worli entrance, it has excellent access to Bandra and the surrounding areas. This upscale neighbourhood in Mumbai is easily accessible from the business district of Lower Parel, which is why it makes the list of upscale locations in Mumbai.
In addition to having excellent connectivity and living in a desirable area, the area’s occupants may take in breathtaking views of the sea. Worli is home to many upscale housing societies, therefore it’s likely that most celebrities that live in high-rise buildings do so there. Numerous celebrities, including Abhishek Bachchan, Deepika Padukone, Anushka Sharma-Virat Kohli, and many more, have bought residences in the neighbourhood for their own use.
The average cost of a property in this location, which is well-known for its high real estate prices, is Rs. 37013 per square foot. Living expenses range from ₹50,000 to ₹70,000, with apartments close to the business sector and featuring breathtaking views of the sea.
A typical property costs Rs. 37013 per square foot.
Juhu
One of the wealthiest neighbourhoods in Mumbai is Juhu, which is found in the western suburbs. Notable celebrities who own villas in this region of Mumbai are Amitabh Bachchan, Sachin Tendulkar, & Akshay Kumar. The neighbourhood has a number of noteworthy real estate properties in addition to a range of low-rise buildings with separate builder floor options. Hrithik Roshan just bought two stunning Juhu-Versova Link Road residences. These units are reportedly 38,000 square feet in size and have a 6,500 square foot sky deck. The celebrity paid approximately Rs 67.5 crores for the over 27,000 square foot duplex and approximately Rs 30 crores for the 11,165 square foot flat.
Juhu, which is well-known for housing celebrities and for being close to Juhu Beach, has a wide selection of flats. The cost of living is between ₹35,000 and ₹50,000; thus, it can accommodate different budgets and still provide a luxurious lifestyle.
Cuffe Parade
When discussing the finest colony names in Mumbai, Cuffe Parade’s name would undoubtedly come up. It’s situated at Mumbai’s southernmost point. Cuffe Parade is situated close to Nariman Point on the southern fringes of Mumbai and is a component of the Central Business District. The neighbourhood was built after 75,000 square metres of land on Mumbai’s best residential neighbourhood, Colaba’s western coast, were reclaimed.
This beachfront community, which is close to both Navy Nagar and the Colaba shopping centre, is another area where real estate values are skyrocketing. This is the location of Mumbai’s World Trade Centre & Maker Towers, two notable icons of the city’s trade and business. In the area sits the renowned Taj President Hotel. Many luminaries also reside on Cuffe Parade. Examine rental apartments in Cuffe Parade.
The average cost of real estate at Cuffe Parade, which is in the southernmost point of Mumbai, is Rs. 48750 per square foot. The cost of living in older buildings close to the business district ranges from ₹30,000 to ₹45,000.
The average price of a property is Rs. 48750/square foot.
Breach Candy
Breach Candy is a coastal suburb in Mumbai that is considers high class. It’s one of the priciest spots in South Mumbai. renowned for having the sole saltwater pool of any club in Mumbai, the exclusive Breach Candy Club! One of the most well-respected institutions in the neighbourhood, the Breach Candy Hospital is also a landmark.
It also features a number of vendors offering well-known street food. Breach Candy is home to several of Mumbai’s most esteemed educational institutions. The 18th-century Mahalaxmi Temple honours the Hindu goddess of wealth and wisdom and is situated on the sea’s edge. With millions of visitors and devotees each year, it is one of Mumbai’s most well-known temples. View apartments in Breach Candy Cumballa Hill for rent.
Breach Candy is a heritage district where the average cost of a home is Rs. 24,140 per square foot. Apartments along Marine Drive are available for ₹35,000 to ₹50,000, depending on the size of the unit.
Average cost of a property is Rs. 24,140 per square foot.
Tardeo
Tardeo’s Altamount Road is a crucial thoroughfare in south Mumbai that links the area’s major business districts. Mukesh Ambani, the richest man in India, resides in this opulent suburb of Mumbai. In addition to Ambani’s estate, Antilla, the priciest private residence in India, Tardeo is home to a number of business complexes that house medical and educational facilities. It is one of the priciest neighbourhoods in Mumbai because there aren’t many residential options there. View rental apartments in Tardeo.
The average cost of a home in Tardeo is Rs. 47,786 per square foot. Living expenses in this centrally located complex, which offers a combination of modern and vintage flats, run from ₹25,000 to ₹40,000.
The mean cost of a property is Rs. 47,786 per square foot.
Property Pricing Trends: The Most Expensive Places in Mumbai
Mumbai continues to rank among the costliest cities in India to live in, according to recent surveys. Specifically, several parts of Mumbai are renown for having extremely high real estate costs. Let’s examine the pricing trends in Mumbai’s priciest neighbourhoods in more detail.
| Area | Average Property Price (per sq. ft.) |
| Malabar Hill | Rs. 90,000 |
| Cuffe Parade | Rs. 85,000 |
| Altamount Road | Rs. 1,20,000 |
| Breach Candy | Rs. 75,000 |
Mumbai is renown for its affluent neighbourhoods; thus, it should come as no surprise that the city is home to several posh locations. Altamount Road is the most expensive neighbourhood in Mumbai, with average property prices exceeding Rs. 1,17,000 per square foot. Breach Candy, Cuffe Parade, and Malabar Hill are a few more neighbourhoods that are well-known for having expensive real estate. It is useful to compare these rates to the average cost of real estate in Mumbai in order to put them into perspective. A Liases Foras analysis states that the average cost of real estate in Mumbai was approximately Rs. 18,000 per square foot. Thus, prices in Mumbai’s most expensive neighbourhoods are more than six times higher than those in the rest of the city.
Conclusion
It is important to remember that rising real estate costs do not always translate into a thriving market. In reality, an analysis claims that there has been a slump in Mumbai’s real estate market recently. This is partially because of the COVID-19 pandemic-related economic slowdown and uncertainty. The priciest neighbourhoods in Mumbai are still drawing affluent investors and purchasers notwithstanding this slowdown. These neighbourhoods provide a certain degree of distinction and status that many purchasers are ready to pay a premium for, in addition to their excellent location in Mumbai & upscale facilities.
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