Mumbai is the financial and entertainment capital of India – and the costliest city to live in. With 20 million odd citizens residing in the city, the energy of this city is unending and the city never sleeps. With the best of work opportunities that welcome people from all across the country, residential space is perpetually in a status of very high demand. Thus, price of Real Estate is also the highest and at a constant steep rise.
Below is a list of the most viable, convenient and thus, most expensive localities for residential real estate.
It is the most happening suburb area of the city with the Banstand 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. Overall, this is one the most desired locations for living in the city.
Most of Mumbai’s heavy population commutes by local trains. The Andheri railway station is one of the busiest in the city, which makes Andheri a very suitable residential area. Also, numerous shopping malls, restaurants and a series of residential complexes make Andheri a safe and livable area for the upper middle class.
South Mumbai, or ‘SoBo’ is one of the most expensive real estate locations not just in India but South Asia as well. Places like Cuffe Parade, Napean Sea road, Peddar Road are known around the world for exorbitant property rates. South Mumbai is a favorite amongst the most affluent families who are likely to spend a fortune for owning a house here.
This area is the home to many of the wealthiest expats who have to come to settle in Mumbai. The area is facilitated with schools, hospitals and everything else needed for a comfortable life. The Hiranandani Gardens township is one of the principal factors which has led to the progressive development of the area.
Worli is one of the principal islands that is a part of Mumbai city. Earlier a fishing village, Worli is now one of the most sought after posh residential areas in the city. DB Realty, Lodha Group, Akruti are some of the builders who have contributed to the massive transformation of this area.
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