Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (2024)

Property in Mumbai | Mumbai Real Estate | Mumbai Properties | timesproperty

Introduction

The majority of the luxury areas in Mumbai are near the ocean or have a view of it. Bollywood celebrities, businessmen, and start-up entrepreneurs own or rent homes in these posh Mumbai neighbourhoods, making them exclusive and popular among Mumbai residents. While South Mumbai is accustomed be the foremost expensive area in Mumbai, these days, even the suburbs of Juhu and Bandra are considered a number of the foremost posh areas in Mumbai, thanks to a number of the high-end projects developing here and also the rising interest of society's crème de la crème. take a look at the top recent list of affluent areas in Mumbai.

Also Read: List of posh areas in Navi Mumbai (timesproperty.com)

Here Is The List Of Posh areas In Mumbai

1. Juhu

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (1)

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Juhu is found in the west suburbs of Mumbai and is one of the foremost expensive areas within the city. Celebrities like Amitabh Bachchan, Sachin Tendulkar, and Akshay Kumar own villas in Mumbai, which is an unusual property type in an exceeding city like Mumbai. The area, one of the simplest places to measure in Mumbai, incorporates a few marquee land assets and a variety of low-rise buildings with independent builder floor options.

Many factors influence whether these locations have a glam factor. Whether it's near or aloof from the beach, infrastructure and luxury amenities are available in those areas. Posh areas in Mumbai are among the foremost affluent within the city. If you're a tourist in Mumbai, you ought to head to these places to search for your house within the city's hectic life.

Average Property Price: Rs 44,442 per sq ft

Best Places to visit: Juhu Beach, Prithvi Theatre, Kaifi Azmi Park, ISKCON Temple

2. Worli

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (3)

Many celebrities reside within the high-rise buildings of Worli, which features some high-end housing societies, making it one every of the most effective areas to measure in Mumbai. Celebrities like Anushka Sharma - Virat Kohli, Deepika Padukone, Abhishek Bachchan, etc. All have purchased properties within the area for private use. Worli's high-rises provide stunning views of the Bandra-Worli Sea Link, the Arabian Sea, and also the Race Course. There is a spread of economic establishments within the area, including shopping malls, restaurants, and nightclubs, making it one of the simplest areas in Mumbai for office workers.

Average Property Price: Rs 37,013 per sq ft

Best Places to visit: Bandra- Worli Sea Link, Residences of Virat- Anushka, Akshay Kumar

3. Tardeo

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (4)

Altamount Road in Tardeo, which is additionally home to India's richest man, Mukesh Ambani, is a vital highway in south Mumbai that connects important commercial areas within the region. except Ambani's residence, Antilla, which is India's most costly private home, Tardeo, a rich Mumbai area, incorporates many business complexes, including educational and healthcare institutes. This posh area of Mumbai has few residential options, making it one of the foremost expensive places to measure within the city.

Average Property Price: Rs 47,786 per sq ft

Best Places to visit: Antilla, The Imperial Towers, AC Marke Building, Film Centre Building, Oval Flyover Bridge

Also Read: Mukesh Ambani's House - 10+ Facts About Antilia |Times Property

4. Powai

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (5)

The opulent Hiranandani Complex is found in Powai's northern outskirts. The township could be a classic example of how a neighbourhood can transform the looks of a deteriorating suburb. Thanks to the financial growth that it's aided the town, this has also been named the most effective area to measure in Mumbai. This neighbourhood has it all: upscale residential complexes, shopping galleries, sprawling gardens, reputable schools, and hip restaurants.

Average Property Price: Rs. 75000 per Sq. ft

Best Places to visit: Galleria Shopping Complex, Hiranandani Knowledge Park, Supreme Business Park

5. Palli Hill, Bandra

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (6)

This upmarket neighbourhood, named after the endemic Pali village of Bandra, is ready a notch above the remainder of the suburbs, and it truly represents what it portrays on the list of Mumbai's posh areas. As you walk down its winding slopes, you're guaranteed to see a celeb jogging or cycling up the sometimes-dangerous acclivity. This neighbourhood is extremely popular because of its modern buildings, classic bungalows, and a few of Mumbai's most well-known restaurants. Pali Hills is additionally the most effective place to measure in Mumbai because it's a market territory with easy accessibility to everything.

Average Property Price: Rs. 35970 per Sq. ft.

Best Places to visit in Bandra: Mannat, Galaxy Towers, Bandstand Promenade, Taj Lands End

6. Breach Candy

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (7)

Breach Candy, a seaside neighbourhood in South Mumbai, is one of the foremost expensive areas. Known for the distinguished Breach Candy Club, Mumbai's only club with a saltwater pool! The Breach Candy Hospital is additionally a neighbourhood landmark and one of the foremost respected establishments within the area. It also contains several vendors selling well-known street-side snacks. Breach Candy is additionally home to several of Mumbai's most prestigious schools and colleges. The Mahalaxmi Temple, in-built in the 18th century, commemorates the Hindu goddess of prosperity and knowledge. it's a widely known temple in Mumbai, attracting several devotees and tourists annually.

Average Property Price: Rs. 24140 per Sq. ft.

Best Places to visit: Breach Candy Club, residences of Azim Premji, Asha Bhonsle, etc.

7. Versova

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (8)

Versova may be a posh territorial dominion on Mumbai's northwestern outskirts. The Versova Fort and also the seashore are two of the foremost well-known features of the town. Versova's beach recently underwent what has been dubbed the world's largest beach clean-up. Versova, like Andheri, could be a residential suburb that's home to many sitcom stars and other celebrities. it's also conveniently connected by the Mumbai Metro to the central suburb of Ghatkopar, likewise to Juhu. The Versova beach may be a great spot to figure come in the evening while also taking within the sights of the neighbourhood.

Average Property Price: Rs. 31610 per Sq. ft.

Best Places to visit: Versova Beach, Aksa Beach, Versova Fort, residences of Priyanka Chopra, Manisha Koirala, etc.

8. Malabar Hill

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (9)

Malabar Hill isn't only Mumbai's most affluent neighbourhood, but also India's most exclusive residential address, with the bulk of residents being billionaires and millionaires. Additionally to luxurious condos and penthouses, the hillock area contains a few marquee properties priced at Rs 300 crores and above. Malabar Hill is found on Mumbai's southernmost tip, with a three-sided view of the Arabian Sea. This is often Mumbai's costliest neighbourhood, and it is also known for Hanging Gardens, a hillside park with hedges sculpted into animal figures.

Average Property Price: Rs 51,480 per sq ft

Best Places to visit: Raj Bhavan, Varsha, Hanging Gardens, residences of Adi Godrej, Pallonji Mistry, etc.

9. Cuffe Parade

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (10)

Cuffe Parade is an element of Mumbai's Central city district, which is found on the city's southern tip, next to Nariman Point. This affluent Mumbai neighbourhood was created by reclaiming 75,000 square meters of land on the western shore of Colaba and is now dotted with residential and commercial skyscrapers, with property prices reaching exorbitant levels. With a variety of five-star hotels nearby, the luxurious Mumbai area is near the cantonment area, which has limited the peak of high-rise buildings in Cuffe Parade, losing some popularity to Worli and Prabhadevi.

Average Property Price: Rs 48, 750 per sq ft

Best Places to visit: Mumbai’s World Trade Centre, Maker Towers, Taj President Hotel, etc

Also Read: Posh Areas to Live in - Chennai |Times Property

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property (2024)

FAQs

Posh Areas in Mumbai - Most Expensive Area in Mumbai | Times Property? ›

The most expensive areas in Mumbai are Malabar Hill, Cuffe Parade, Juhu, Bandra, and Worli, with property costs averaging between Rs 30,000 and 60,000 per square foot.

Which is the most expensive property area in Mumbai? ›

While Mumbai is one of the most expensive cities in India to purchase a home, real estate prices in certain areas are exorbitant. Some of the costliest areas in Mumbai include Cuffe Parade, Pali Hill, Bandra, Malabar Hill and Colaba.

Where do billionaires live in Mumbai? ›

South Mumbai – The Epitome of Posh Living

South Mumbai, also known as "SoBo", is what posh living is all about. This area includes iconic neighbourhoods such as Colaba, Malabar Hill, and Cuffe Parade. They offer a mix of old-world charm and modern luxury.

Why is Malabar Hill so expensive? ›

More Demand, Less Supply

As discussed, the demand for property in Malabar Hill is truly unmatched. And thus, it cannot be met by the land available in the region. Like many areas in Mumbai, Malabar Hill also faces a scarcity of available land.

Which area in Mumbai has highest rent? ›

Some areas are known for their serene surroundings while others for their high-rise buildings; let's uncover them one by one.
  1. Juhu. Juhu, also known as Beverly Hills of Bollywood is one of the posh areas in Mumbai. ...
  2. Malabar Hill. ...
  3. Cuffe Parade. ...
  4. Bandra West. ...
  5. Tardeo. ...
  6. Pali Hill. ...
  7. Worli. ...
  8. Versova.
Mar 13, 2024

Which celebrity lives in Malabar Hill, Mumbai? ›

Notable residents include Adi Godrej, Radhakishan Damani, Natarajan Chandrasekaran, Cyrus Broacha, Ashish Pandey the Birla family, Shashi Ruia and family, Pallonji Mistry, the Jindal family, the Petit family, the Bhavya Samir Shah family, the Aagam Ashish Sanghvi family, the Bilakhia family, and the Thakkar family.

What is the biggest property deal in Mumbai? ›

Wadia Group entity Bombay Dyeing and Manufacturing Company (BMDC) on Wednesday approved proposal to sell the land parcel of about 22 acres in Worli, Mumbai to Goisu Realty, a subsidiary of Japanese realty developer Sumitomo for Rs 5200 crore. This is Mumbai's largest land deal in terms of value.

What is the posh area in Mumbai? ›

Malabar Hill is renowned as one of the most affluent and exclusive neighbourhoods in Mumbai, with various factors contributing to its elevated cost of living.

Where do rich people hang out in Mumbai? ›

Malabar Hill

Located at the southern tip of the city, this is one of the most exclusive pincodes in the city. In fact, if you have a home here, you could end up being neighbours with some of India's wealthiest and most important personalities.

Where do middle class people live in Mumbai? ›

Mumbai provides a wide range of housing alternatives, with many of the neighbourhoods being ideal for middle-class families. These localities, like Kurla and Kandivali provide a wide range of facilities, including shopping centers, schools, hospitals, and transit connections.

Is Goregaon a posh area? ›

Goregaon has become one of the city's premier residential areas as a result of reputable developers establishing residential complexes and the rapid pace of development work. Residential complexes such as Bangur Nagar, Shastri Nagar, Aarey Milk Colony, BEST Colony, and Piramal Nagar were originally located in Goregaon.

Why is Bandra so expensive? ›

Bandra. It is the most happening suburb area of the city with the Bandstand area being home to most Bollywood stars. Linking Road and Hill Road are lined with shopping stops and high-end restaurants. Residents of the area have access to some of the best-constructed promenades along the Arabian Sea coastline.

Is Vile Parle a posh area? ›

Is Vile Parle East a posh area? Vile Parle East is a nice place to live in. There are many rental and buying options, from high-end properties to budget apartments. Vile Parle East has many good stores and restaurants, as well as offices and hospitals.

Which area is best for house in Mumbai? ›

9 Posh (Best Residential) Areas in Mumbai to Live
  1. Juhu. Juhu is located in Mumbai's western suburbs, and is undoubtedly one of the city's most affluent neighbourhoods. ...
  2. Worli. ...
  3. Pali Hills. ...
  4. Breach Candy. ...
  5. Versova. ...
  6. Malabar Hill. ...
  7. Cuffe Parade. ...
  8. Tardeo.

Is Borivali a posh area? ›

The suburb has several schools, hospitals, shopping malls, and recreational facilities, making it an ideal place to live for families. Moreover, Borivali is known for its green spaces, including the Sanjay Gandhi National Park, which provides a peaceful escape from the hustle and bustle of city life.

Is Mira Road a posh area? ›

Mira Road is a luxury locality situated in Mira Bhayandar. The pincode of this locality is 401107. This locality is near Shanti Park, Chandan Shanti and Poonam Gardens. This locality has 1500+ properties to buy and 300+ properties to rent.

Which is the most costly property area in India? ›

Puri said, “Tardeo is India's most expensive residential location in the primary residential real estate market. Property here comes with an astronomical price tag of Rs 56,200 per sq. ft.” The entire area from Nana Chowk to Haji Ali Junction is Tardeo.

What is the highest property rate in Mumbai? ›

Malabar Hill, Cuffe Parade, Juhu, Bandra, and Worli are the most expensive localities in Mumbai, with property prices hovering at Rs 30,000-60,000 per sq ft.

Which area is good for property investment in Mumbai? ›

The best places for real estate investment in Mumbai include Andheri, Panvel, Wadala, Chembur, Thane West, Virar, Khar, and many more. Let's have a look at these localities in detail and know why they are the top areas for investment.

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