Most of the posh areas in Mumbai are located close to the sea or offer a view of the water body. Bollywood celebrities, businessmen and start-up entrepreneurs, own or rent homes in these posh areas in Mumbai, which make these localities exclusive and popular among Mumbaikars. While there was a time when localities in the south Mumbai were classified as most expensive area in Mumbai, these days, even suburban areas of Juhu and Bandra are counted as some of the most Mumbai posh areas, owing to some of the high-end projects coming up here and the rising interest of the crème de la crème of society. Check out the latest list of posh areas in Mumbai.
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Read also: What is the cost of living in Mumbai?
Malabar Hill
Average property prices in Malabar Hill: around Rs 42,000 – Rs 69,000
Malabar Hill is not just the most posh area in Mumbai but India’s most exclusive residential address, where most of the residents are billionaires and millionaires. Apart from luxurious condos and penthouses, the hillock area also has few marquee properties priced at Rs 300 crores and above. Malabar Hill is located on the southern-most tip of Mumbai, which gives it a three-side view of the Arabian Sea. This most expensive place in Mumbai is also famous for Hanging Gardens, a hillside park which has hedges sculpted into animal figures.
Connectivity
Charni Road Railway Station
Grant Road Railway Station
Churchgate Railway Station
Chhatrapati Shivaji Maharaj Terminus
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know about: posh areas in delhi
Cuffe Parade
Average property prices in Cuffe Parade: Rs 45,o00 – Rs. 69,000
Cuffe Parade is a part of the Central Business District of Mumbai, located in the southern tip of Mumbai, next to Nariman Point. This rich area in Mumbai was developed by reclaiming 75,000 sq metres of land on the western shore of Colaba and is now dotted with residential and commercial skyscrapers, where property prices have touched at exorbitant levels. With a number of five-star hotels in its proximity, the posh Mumbai area lies close to the cantonment area, which has restricted the height of high-rises in Cuffe Parade, therefore, losing out on some popularity to Worli and Prabhadevi.
Connectivity
Churchgate Railway Station
Chhatrapati Shivaji Maharaj Terminus
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Tardeo
Average price:Rs 46,762 per sq ft
Also home to India’s richest man, Mukesh Ambani, Altamount Road inTardeois an important arterial road in south Mumbai that connects important commercial areas in the region. Tardeo, an expensive Mumbai area has a number of commercial complexes, including educational and healthcare institutes, apart from Ambani’s residence, Antilla, which is India’s most expensive private home. This posh area in Mumbai has only a few residential options, which makes it one of the most expensive areas to live in Mumbai.
Connectivity
Mahalakshmi Railway Station
Chhatrapati Shivaji Maharaj Terminus
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Juhu
Average property prices in Juhu: Rs 45,014 per sq ft
Juhu is located in the western suburbs and is counted amongst the Mumbai expensive areas. Celebrities such as Amitabh Bachchan,Sachin Tendulkarand Akshay Kumar own villa properties here, which is otherwise an unusual property type in a city like Mumbai. The location, which is one of the best areas to live in Mumbai has a handful of marquee real estate assets and a number of low-rise buildings, offering independent builder floor options.
Also check out: The most posh area in Delhi
Recently, Hrithik Roshan too bought two majestic apartments on the Juhu-Versova Link Road. As per reports, these apartments are spread over an area of 38,000 sq ft and have a sky terrace of around 6,500 sq ft. The star has paid around Rs 67.5 crores for the approximately 27,000-sq ftduplex and Rs 30 crores for the other flat with an area of 11,165 sq ft. One of these flats is a duplex penthouseand the other one is a single-storey home.There are a number of designer boutiques and outlets in Juhu, which are frequented by the affluent sections of society. The area is also famous for the Juhu Chowpatty, where street food vendors put up their stalls in the evening.
Connectivity
Andheri Railway station
Vile Parle Railway Station
Mumbai International Airport
D N Nagar Metro Station
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Bandra west
Average property prices in Bandra west: Rs 46,662 per sqft
This is another upmarket and best area to live in Mumbai, known for housing Shahrukh Khan’s Mannat villa and Salman Khan’s house Galaxy Apartment. Bandra west in the western suburbs has a number of entertainment options, including restaurants, nightclubs and discotheques, which makes it one of the popular areas for college students. Ranked high among Mumbai places to love, the coffee shops are usually filled with aspiring actors and casting directors and it is easy to spot television actors in the area. This Mumbai best area has a number of high-rise buildings, old and new, offering 1BHK and 2BHK apartments at an exorbitant rate and is a premium residential area in Mumbai.
Connectivity
Bandra Railway Station
Khar Railway Station
Santacruz Railway Staion
Mahim Railway Station
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Worli
Average property prices in Worli: Rs 45,594 per sqft
One of the best areas to live in Mumbai, many celebrities stay in high-rise buildings of Worli, where a number of high-end housing societies have come up. Celebrities such asAnushka Sharma-Virat Kohli, Deepika Padukone, Abhishek Bachchan and many others, have bought properties here for self-use. High-rises in Worli offer picturesque views of the Bandra-Worli Sea Link, the Arabian Sea and the Race Course. There are a number of commercial establishments in the area, including shopping malls, restaurants, night clubs, etc., which makes it one of the best areas in Mumbai for office-goers working in the island city.
Connectivity
Mahalakshmi Railway Station
Lower Parel Railway Station
Byculla Railway Station
Chhatrapati Shivaji Maharaj Terminus
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Colaba
Average property prices in Colaba: Rs 41,166 per sqft
Situated at the Southern part of Mumbai, Colaba is one of the four peninsulas of Mumbai. The other three are Worli, Bandra and Malabar Hill. It is one of the wealthiest neighborhood in India, known for high-end boutiques, malls and is one of the major tourist attractions in the city. Colaba is around 27 km from the Mumbai Airport and provides good connectivity to rest of the city through public transportation.
Connectivity
Chhatrapati Shivaji Maharaj Terminus
Churchgate
Powai
Average property prices in Powai: Rs 23,463 per sq ft
Powai is an upscale residential neighbourhood in central Mumbai, situated on the banks of Powai lake. It is known for renowned educational institutions, including the Indian Institute of Technology (IIT), Bombay. The locality has several office complexes such as Hiranandani Business Park, Hiranandani Kensington SEZ, and buildings that house companies such as Schindler India Pvt Ltd and CRISIL Bayer TCS, Nomura, Cognizant, and Deloitte.
Connectivity
Kanjurmarg Railway Station
Andheri Railway Station
Vikhroli Railway Station
Price trends in the costliest areas of Mumbai
| Area | Average property prices (per sq ft) | Average rent per month |
| Malabar Hill | Rs 53,784 | Rs 4.5 lakh |
| Cuffe Parade | Rs 54,726 | Rs 3 lakh |
| Tardeo | Rs 46,762 | Rs 2.5 lakh |
| Juhu | Rs 45,014 | Rs 1.75 lakh |
| Bandra west | Rs 46,662 | Rs 95,000 |
| Worli | Rs 45,594 | Rs 80,000 |
| Colaba | Rs 41,166 | Rs 1 lakh |
| Powai | Rs 23,463 | Rs 70,000 |
Also read all about the best companies in Mumbai
Recent luxury home deals in Mumbai
Mumbai is a land of millionaires where luxury home purchase deals are very common. Here are some of the recent luxury home purchase deals that made headlines:
Ajay Devgn buys Rs 60-crore bungalow in Juhu
Actor Ajay Devgn recently invested in a plush property in the Juhu area. This bungalow is spread over an area of 590 sq yards and is situated in the Kapole Co-operative Housing Society Ltd, in Juhu. Devgn bought this property for Rs 60 crores and it is located close to his current residence. This was a distressed property and Devgn has bought this home at a discounted rate, according to market sources.
HDFC chairman’s family buys Rs 50-crore sea-view apartment in Worli
Housing Development Finance Corporation (HDFC) chairman Deepak Parekh’s family recently purchased a sea-view apartment spread over 7,450 sq ft in K Raheja Corp’s super-premium project, Raheja Artesia, in the plush Worli locality, for Rs 50 crores. The family will get access to six car parks along with the apartment, which includes a 6,770 sq ft carpet area and balcony area of 273 sq ft.
D-Mart’s Radhakishan Damani buys Malabar Hill property for Rs 1,001 crores
Recently, Radhakishan Damani, billionaire investor and founder of D-Mart bought a bungalow in south Mumbai’s plush Malabar Hill locality for Rs 1,001 crores. The property is a ground-plus-two-storey bungalow named Madhukunj, located on the leafy Narayan Dabholkar Marg. The house is spread over a 1.5-acre land parcel and has a total built-up area of around 60,000 sq ft. The market price based on the ready reckoner rate is around Rs 724 crores.
Sunny Leone buys Rs 16-crore apartment in Andheri suburb
Bollywood actress Sunny Leone bought a 4,365-sq ft apartment in Mumbai’s Andheri suburb, for Rs 16 crores. The transaction attracted stamp duty of Rs 48 lakhs. The apartment is on the 12th floor in the project, Atlantis. The actress will also have access to three mechanised car parks.
Janhvi Kapoor buys Rs 39-crore triplex in Juhu
Bollywood actress Janhvi Kapoor started 2021 by purchasing a new house in Mumbai’s Juhu area, worth Rs 39 crores. Janhvi’s new house is spread across three floors in a Juhu building. The total area is 3,456 sq ft, for which the actress paid Rs 78 lakhs as stamp duty. Janhvi currently stays with her father, Boney Kapoor and sister, Khushi Kapoor, in Lokhandwala area.
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FAQs
Which is the richest part of Mumbai?
Malabar Hill is Mumbai's most and in fact India's most exclusive residential address.
Which is the most luxurious city in Mumbai?
The most luxurious places in Mumbai are Malabar Hill, Cuffe Parade, Bandra (West) among others.
Is Andheri a posh area?
Andheri is a semi-posh area and a Mumbai best area in the western suburbs where property prices are high due to demand but property options are very modest in terms of sizes.
Where do rich live in Mumbai?
Malabar Hill, Juhu, Bandra West, Bandra Kurla Complex are the havens for the rich people and one of the best areas in Mumbai.
Is Colaba a posh area?
Colaba is one of the cleanest areas in Mumbai which lies next to Gateway of India, Nariman Point and Cuffe Parade and is one of the posh areas in Mumbai.
Which is the most expensive area in Mumbai?
According to Housing.com data, among the many localities in Mumbai, Malabar Hills is the most expensive area in Mumbai.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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