Mumbai, the financial capital of India, is known for its fast-paced lifestyle, rich cultural heritage, and diverse population. It is also one of the most expensive cities in the country, with real estate prices that can put a serious dent in your wallet.
In this article, we will take a closer look at the most expensive residential areas in Mumbai, and what makes them so coveted among the city’s elite.
Altamount Road
Altamount Road is one of the most exclusive and expensive residential areas in Mumbai. It is home to some of the biggest names in the country, including industrialists, Bollywood celebrities, and politicians. The average property price in Altamount Road is around Rs. 1,50,000 per square foot, making it one of the most expensive neighbourhoods in the world.
Cuffe Parade
Cuffe Parade is a premium neighbourhood in South Mumbai, located close to the Arabian Sea. It is known for its high-rise buildings, luxurious apartments, and stunning views of the sea. The average property price in Cuffe Parade is around Rs. 1,30,000 per square foot.
Malabar Hill
Malabar Hill is a posh residential area in South Mumbai, known for its upscale homes, tree-lined streets, and panoramic views of the Arabian Sea. It is home to some of the wealthiest people in the country, including industrialists, businessmen, and politicians. The average property price in Malabar Hill is around Rs. 1,20,000 per square foot.
Worli
Worli is a high-end neighbourhood in South Mumbai, known for its luxury apartments, sea-facing homes, and upscale restaurants. It is also home to some of the biggest names in the corporate world. The average property price in Worli is around Rs. 90,000 per square foot.
Bandra West
Bandra West is a trendy and upscale neighbourhood in Mumbai, known for its vibrant nightlife, trendy cafes, and upscale boutiques. It is also home to some of the biggest Bollywood celebrities. The average property price in Bandra West is around Rs. 80,000 per square foot.
Lower Parel
Lower Parel is a rapidly developing area in Mumbai, known for its luxury high-rise apartments, upscale restaurants, and high-end retail stores. It is also home to some of the biggest names in the corporate world. The average property price in Lower Parel is around Rs. 75,000 per square foot.
Powai
Powai is an upmarket neighbourhood in Mumbai, known for its sprawling gated communities, high-end apartments, and lush greenery. It is also home to several prestigious educational institutions and IT companies. The average property price in Powai is around Rs. 18,000 per square foot.
If you’re in the market for luxury living in Mumbai, these are the neighbourhoods you should be looking at. However, be prepared to pay top dollar for the privilege. Keep in mind that prices are subject to change depending on market conditions, and it’s always a good idea to do your research and consult with a trusted real estate agent before making a big investment.
In conclusion, Mumbai is a city that offers a luxurious lifestyle to those who can afford it. The most expensive residential areas in the city are a testament to the opulence and grandeur that Mumbai has to offer. Whether you’re a business tycoon, a Bollywood celebrity, or a wealthy expat, these neighbourhoods are sure to impress and offer a glimpse into the high life of Mumbai’s elite.
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