Best Posh Areas In Mumbai To Buy A Luxury Property

September 24, 2021

Mumbai is a town complete of diversity. On one hand, affordable housing is a prime reality expanding in this metropolis for many years, however, on the other hand, the city is home to some of the most expensive houses in the world.

Every neighbourhood in Mumbai has its different character. Relying on the infrastructure, proximity to the seashore, and different amenities, real estate property charges can vary as you move from one end of Mumbai to the other.

Best Posh Neighbourhoods To Buy Luxury Property In Mumbai

1. Bandra:

Bandra is the locality that starts in the western suburbs of the city. It’s also knowns as ‘Queen of Suburbs’ by some locals. Bollywood actor Shahrukh Khan’s bungalow, Mannat, is built-in Land’s End, which is a closer away from Bandra Bandstand, which is a popular tourist location in Mumbai.

2. Altamount & Peddar Road:

This reputed region in South Mumbai that is known as one of the most expensive streets globally. Right next to the awe-inspiring Ambani house, Antilia, is Lodha Altamount, another residential luxury property that was in the headlines lately for having sold the most valuable apartment in India.

3. Malabar Hill:

Malabar Hill is an individualistic VIP residential neighbourhood in South Mumbai that is just about 3 kilometers south of Altamount Road. Official residencies of Mumbai’s Governor and Chief Minister called Raj Bhavan and Varsha, are both established here.

4. Worli:

Independently, Worli was an island that was the destination to the fishermen in the city. It was one of the seven new islands that came together to form the city of Bombay as we know it today as Mumbai. From being a casting village to living in a posh neighbourhood, Worli’s change has been excellent. Its central location makes some praise for such a development.

Best Posh Areas In Mumbai To Buy A Luxury Property - Worli

5. Juhu:

Juhu is remarkably successful with tourists for its picturesque Juhu beach and the quality of street food ready on the beachfront. But Bollywood enthusiasts also visit this region to check out Bollywood actor Amitabh Bachchan’s bungalow, Prateeksha.

6. Lokhandwala Complex:

Back in 1968, when developer Siraj Lokhandwala desired to buy this area in Andheri, most agents alarmed him. Everyone told me it was too far from the main center of the city. Today, Lokhandwala Complex is one of the most reputed regions in Mumbai.

7. Lower Parel:

Lower Parel is Mumbai’s corporate hub with Offices of major media centers and financial companies all located in the area. Before the area was home to major mills in the city, but once those mills shut down, it gave way for Corporate Offices and Restaurants develop there.

8. Colaba:

Colaba is one of the rich localities in Mumbai. It is a very reliable tourist location mainly because of the Taj Hotel and Gateway of India. It is the destination of a lot of luxurious hotels in Mumbai. You will lot of Iranians and Iranian cafe in the Colaba.

9. Kemps Corner:

Kemps Corner is a luxuriant neighbourhood in South Mumbai. It has very costly residential homes and high-end shopping outlets. Most of the famous personalities who live here come from a very rich background. In the last decade, the real estate costs in this area have soared rapidly.

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