Top Ten Neighbourhoods In Mumbai
Top Ten Neighbourhoods In Mumbai : Every neighbourhood in Mumbai has a different real estate market value depending on the amenities and infrastructure available. However, for a variety of reasons, certain areas of the city have become more popular with homebuyers over the years. A sneak peek at some of these coveted residences in Mumbai is provided by naviumbaihouses.com.
The mega-metropolis of Mumbai is frequently considere by people looking for a home. But with so many options, it can be difficult to pick a place that offers the best balance of affordability, amenities, infrastructure, and connectivity.
Thus, navimumbaihouses presents a list of Mumbai’s top ten residential areas. These include, among others, Kandivali East, Goregaon East, Andheri West, Mulund, and Chembur. The popularity of these neighbourhoods among homebuyers on navimumbaihouses led to the creation of the list. Let’s find out why these areas are the most sought-after markets in Mumbai.
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Kandivali East, Mumbai
Rs 18,700/sq ft on average for home prices
In the western region of Mumbai, Kandivali East is a well-known residential and industrial hub. With real estate costs estimated to be around Rs 18,700 per square foot, high-rise residential apartments predominate in this area. The main factor driving growth in this area is its close proximity to employment centres like Charkop Industrial Park, Akurli Industrial Estate, and Ruby Crescent Business Boulevard. An average 2 BHK home in Kandivali East rents for between Rs 33,000 and Rs 34,000 per month.
The Western Express Highway (WEH) runs through Kandivali East, and the under-construction Coastal Road will cut the distance between Kandivali and Nariman Point in half, according to Vishal Ujjainkar, Proprietor, One Roof Realty LLP, Mumbai. Consequently, Kandivali East is among the best areas in Mumbai to live.
To explore properties in Kandivali East, Mumbai, click here
Goregaon East, Mumbai
Average home rates- Rs 21,600/sq ft
A prominent residential neighbourhood in Mumbai’s western suburbs, Goregaon East is home to one of the city’s largest railway stations, with seven platforms used by both the Western Line and the Harbour Line. The demand for rentals is driven by proximity to commercial hubs like Nesco IT Park, Infinity IT Park, Nirlon Knowledge Park, and Film City. Rent for a 1 BHK apartment starts at Rs 24,000 per month. In the past year, Goregaon East homebuyers have demonstrated a strong preference for one-bedroom apartments. However, 2 BHK and 3 BHK units are the most plentiful here. According to 99acres, prices for ready-to-move properties in Goregaon East have increased by more than 10% year over year.
To explore properties in Goregaon East, Mumbai, click here
Top Ten Neighbourhoods In Mumbai-Andheri West, Mumbai
Average home rates- Rs 26,600/sq ft
Andheri West is a developed neighbourhood with good connectivity, close proximity to employment centres, and sound infrastructure. The neighbourhood, which includes several cooperative housing societies and multi-story apartment buildings, is well-like by its residents. In Andheri West, a two-bedroom home typically rents for around Rs 56,000 per month. 2 BHK units make up more than 40% of the housing stock that is currently for sale, with prices for these homes ranging from Rs 50 lakh to Rs 2 crore.
Reviewers on navimumbaihouses noted that the area is “well-connected” from all directions and has “many reputed educational institutes” and “hospitals.” Reviewers have also given “safety and lifestyle” high marks.
To explore properties in Andheri West, Mumbai, click here
Top Ten Neighbourhoods In Mumbai- Mulund, Mumbai
Average home rates- Rs 18,900/sq ft
Mulund is a well-developed neighbourhood with ready-to-move residential apartments available in large quantities. Mulund’s average property values have increased by 2% YoY. The majority of Mulund buyers favour 1 BHK properties under Rs 50 lakh.
A convenient commute is made possible by a dedicated rail station on the Central Line of the Mumbai Suburban Railway network and proximity to the Eastern Expressway Highway (EEH). Due to its connectivity, greenery, and businesses situated along LBS Road, the area is well-liked by both upper-class and middle-class demographics. A 1 BHK apartment in the area typically costs around Rs 23,000 per month to rent.
To explore properties in Mulund, Mumbai, click here
Top Ten Neighbourhoods In Mumbai- Malad East, Mumbai
Average home rates- Rs 19,200/sq ft
One of the important neighbourhoods on the Western Suburban Line before Andheri is Malad East. Professionals who work in the Andheri-Borivali area tend to favour the area, which has developed into a mid-segment market. Within an 18 km radius, several well-known corporate giants have offices in Bandra-Kurla Complex (BKC) and Andheri East. Further simplifying the commute will be the proposed Harbour Line extension, which will increase the number of local trains in Malad. Properties in Malad East, a bustling retail district, start at Rs 19,200 per square foot, and monthly rents there begin at Rs 20,000.
To explore properties in Malad East, Mumbai, click here
Chembur, Mumbai
Average home rates- Rs 20,800/sq ft
East Mumbai’s Chembur is a residential and commercial neighbourhood. The area is primarily divided into several colonies, with 2 BHK being the most popular configuration, including Yashwant Nagar, Siddharth Colony, Tata Colony, and Rahul Nagar. Govandi to the east, Trombay to the south, Ghatkopar to the north, and BKC and Sion to the west encircle it. It is a popular location in Mumbai because it is 8 to 10 kilometres from BKC and Lower Parel. On navimumbaihouses, the neighbourhood has received a 4.4 out of 5 rating from former and current residents for a variety of factors, including connectivity, safety, greenery, and lifestyle.
“Chembur is rank first among the best neighbourhoods in Mumbai to live in. Through the Eastern Express Highway, Eastern Freeway, Sion-Trombay Road, and SCLR (Santacruz-Chembur Link Road), it is well connected to all other areas of Mumbai and serves as an interface between Navi Mumbai and Central Mumbai. Rents in the area begin at Rs 28,000 per month.
To explore properties in Chembur, Mumbai, click here
Vile Parle East, Mumbai
Average home rates- Rs 33,100/sq ft
Vile Parle East, one of Mumbai’s upscale neighbourhoods, exudes sophistication and opulence. It offers both residential and commercial developments, the former of which includes a decent mixture of homes for people of high and middle incomes. According to navimumbaihouses, 1 BHK homes have been the most popular among buyers in Vile Parle East over the past six months. Renting a home in Vile Parle East starts at Rs 36,000 per month, and major employment centres in Andheri, Santacruz, and Kalina are all within 10 km of the neighbourhood. Over 90% of the inventory in the area is made up of multi-story apartments. Here, buy rates have risen by about 2% over the previous five years.
To explore properties in Vile Parle East, Mumbai, click here
Top Ten Neighbourhoods In Mumbai- Bhandup, Mumbai
Average home rates- Rs 18,300/sq ft
Bhandup is a growing neighbourhood in the eastern part of Mumbai that is split into Bhandup East and Bhandup West by the Mumbai-Agra Highway. Along with some commercial and industrial developments, it includes multi-story residential apartment buildings. The proximity to various textile industries. Including Armaan Silk Mills and Reliance Industries Limited, among others, is what drives the demand for housing in this area. Furthermore, it is only ten kilometres away from important employment hubs like the Lodha i-Think Techno Campus, Godrej One, and Boyce Industry Estate. The neighbourhood has a large number of high-rise residential societies that are both finish and still being built, with prices averaging around Rs 18,300 per square foot. For a 2 BHK unit, the typical monthly rent in Bhandup is between Rs 34,000 and 40,500.
To explore properties in Bhandup, Mumbai, click here
Top Ten Neighbourhoods In Mumbai- Dahisar East, Mumbai
Average home rates- Rs 14,300/sq ft
Dahisar East is a reasonably price neighbourhood where 1 BHK apartments are well-like by both tenants and buyers. Along with Andheri MIDC and BKC, Diamond Industrial Estate. A significant industrial hub in Dahisar East, is responsible for about 20 km of the region’s residential demand. The majority have given high marks for “public transportation,” “safety and security,” “steady water supply,” and “markets within walking distance.”
In Dahisar East, the average cost of a home is about Rs 14,300 per square foot. Soon after the Metro Line 9 proposal from Dahisar East to Mira Bhayandar was made in 2018. The prices indicated a 10% increase. For a 2 BHK unit, the local monthly rent varies between Rs 19,500 and Rs 20,500.
To explore properties in Dahisar East, Mumbai, click here
Top Ten Neighbourhoods In Mumbai – Ghatkopar East, Mumbai
Average home rates- Rs 20,100/sq ft
The majority of the multistory residential developments in Ghatkopar East. A suburban residential area in eastern Mumbai, are in the mid- and luxury segment and are price at Rs 20,100 per square foot. Neelkanth Valley, Mankur, Kamraj Nagar, and Pant Nagar are a few of the neighborhood’s important neighbourhoods.
The area is well connect to employment centres like Chembur, Vikhroli, and Kurla within 10 km via the Western and Eastern Expressways, MG Road, and the popular Andheri-Ghatkopar Link Road. A 2 BHK apartment in Ghatkopar East starts renting for about Rs 47,000 per month.
To explore properties in Ghatkopar East, Mumbai, click here
In Mumbai, prospective homebuyers may also take into account neighbourhoods like IC Colony, Borivali, Thakur Village, and Andheri East. where rents range from Rs 27,000 to Rs 35,000 per month for a two-bedroom apartment and buy prices hover around Rs 20,000 per square foot on average.
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