{"id":5241,"date":"2024-11-04T13:08:38","date_gmt":"2024-11-04T07:38:38","guid":{"rendered":"https:\/\/www.rentomojo.com\/blog\/?p=5241"},"modified":"2024-11-05T13:18:31","modified_gmt":"2024-11-05T07:48:31","slug":"posh-areas-in-mumbai","status":"publish","type":"post","link":"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/","title":{"rendered":"Top 5 Posh Areas In Mumbai And Average Property Price"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Mumbai, the financial capital of India, is popular for its bustling streets, state-of-the-art infrastructure, and ample career opportunities. In the midst of such a vibrant city life, the real estate market has emerged as one of the most expensive ones all over the world. Needless to say, the posh areas in Mumbai ensure the highest living standards. In some of these affluent localities, top celebrities, business tycoons, and entrepreneurs have found sought-after abodes. Beyond this, these posh localities in Mumbai feature modern high-rises and historical colonial-era mansions! If you want to take a glimpse into Mumbai\u2019s elite areas, here are a few posh neighbourhoods you should consider.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_68_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #302d55;color:#302d55\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #302d55;color:#302d55\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#List_of_the_Most_Posh_Localities_in_Mumbai\" title=\"List of the Most Posh Localities in Mumbai\u00a0\">List of the Most Posh Localities in Mumbai\u00a0<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#1_Malabar_Hill\" title=\"1. Malabar Hill\u00a0\">1. Malabar Hill\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#2_Tardeo\" title=\"2. Tardeo\u00a0\">2. Tardeo\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#3_Colaba\" title=\"3. Colaba\u00a0\">3. Colaba\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#4_Cuffe_Parade\" title=\"4. Cuffe Parade\">4. Cuffe Parade<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#5_Bandra_West\" title=\"5. Bandra West\u00a0\">5. Bandra West\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#6_Malabar_Hill\" title=\"6. Malabar Hill\u00a0\">6. Malabar Hill\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www.rentomojo.com\/blog\/posh-areas-in-mumbai\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"List_of_the_Most_Posh_Localities_in_Mumbai\"><\/span><b>List of the Most Posh Localities in Mumbai\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the last leg of 2024, the reports suggest that 1,040 luxury units were sold and this is the highest ever recorded. The secondary market of upscale residential areas noticed sales of over Rs. 3,500 crore \u2013 this is also a jump from the same period in 2023. Most buyers are senior professionals, legal and medical professionals, and Bollywood celebrities. So, here we give you a complete list of the top 10 posh areas in Mumbai!\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Malabar_Hill\"><\/span><b>1. Malabar Hill\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 8.24 Cr &#8211; 9.10 Cr<br \/>\n<\/span><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 112-186 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the most posh areas in South Mumbai, Malabar Hill is an elite residential locality. The area is the address to affluent personalities such as the CM of Maharashtra. The neighbourhood is spread across a hill, offering a swooning view of Marine Drive. With the Gulmoha tree-lined streets, it is bliss to take a walk in the fast-paced city. Of course, the connectivity to prime roads such as Peddar Road, Malabar Hill Road, and Marine Drive adds more convenience to the locality.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can also find Hanging Garden, Johnson and Johnson Garden, and Amarson Garden add tranquillity to the neighbourhood. The average property price is Rs. 51,480 per sqft, and the Breach Candy Hospital and the Bombay International School are located in this area.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Tardeo\"><\/span><b>2. Tardeo\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 6.04 Cr &#8211; 6.67 Cr <\/span><b><br \/>\n<\/b><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 97 &#8211; 170 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Tardeo is a prominent road in SoBo (South Bombay) as it links essential regional commercial locations. Mukesh Ambani\u2019s Antilia, valued at $2 billion, is located in Tardeo. It is the most expensive private building in India and the second-most expensive in the world! Besides Antilia, Tardeo houses several commercial complexes, including healthcare and educational institutions. Being one of the posh areas in Mumbai, Tardeo has an established connection between Bellasis Road and Peddar Road. In addition, Mumbai Central Rail Link is situated in this area.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, Jaslok Hospital, Apollo Spectra Hospital, and Wockhardt Hospital are located in the area. The average property price is Rs. 47,786 per sqft and the living costs range between Rs. 25,000 and Rs. 40,000, considering the blend of old and new apartments in central areas.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Colaba\"><\/span><b>3. Colaba\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 6.03 Cr &#8211; 6.67 Cr<br \/>\n<\/span><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 89-142 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another posh area in Mumbai, Colaba is a peninsula among four. It is a unique locality that is well-known for being the art and culture hub of the city. From colonial buildings to museums to theatres, Colaba boasts rich nostalgia. Plus, Colaba hosts the Kalagoda Arts Festival, which is popular for its cultural scene and art exhibitions. The Colaba Causeway Market also adds beauty to this posh area in Mumbai.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To add convenience, Kalajot Hospital and Saifee Hospital are located in the area. And Colaba connects to the Mumbai Metro Line 3, Currey Road Station, and Lower Parel Railway Station. If you are looking for properties for your family, you will be delighted to know that BD Somani School, Army Public School, and Kendriya Vidyalaya.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Cuffe_Parade\"><\/span><b>4. Cuffe Parade<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 7.44 Cr &#8211; 8.23 Cr<br \/>\n<\/span><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 115 &#8211; 180 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cuffe Parade, one of the posh residential areas in Mumbai, is located at the southern end \u2013 Nariman Point. The area was built on the western shore after reclaiming 75,000 square metres and is among the affluent areas. Nowadays, the seaside neighbourhood has been soaring in real estate prices and is conveniently located next to Colaba Causeway Market. Moreover, the Taj President Hotel, World Trade Centre, and Maker Tower are in close proximity to Cuffe Parade.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Close to Fort, Cuffe Parade hosts some popular parks such as CPRA Greens, Sea View Park, and Cuffe Parade Park. In addition, there are a few notable hospitals like Apollo Speciality Hospital, Dr. Sayyed Hospital, and St. Stephens Hospital. Owing to its location situated on the southern side, the average property price is Rs. 48,750 per sqft.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Bandra_West\"><\/span><b>5. Bandra West\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 6.79 Cr &#8211; 7.50 Cr<br \/>\n<\/span><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 88 &#8211; 146 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One of the widely-known poshest areas in Mumbai, Bandra West is home to many celebrities like Salman Khan and Shah Rukh Khan. So, if you would like a glimpse of SRK\u2019s Mannat, Salman\u2019s Galaxy, or Kekee Manzil, the House of Art, this is where you should go! This average property price per square foot is around Rs. 43,608.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the breathtaking sea view, Bandra West is dotted with nightclubs and fine-dining restaurants. And you will spot villas and heritage houses alongside modern flats, catering to a wide range of property owners. The region has top-tier educational institutions like Rizvi College of Engineering, Arya Vidya Mandir High School, and St. Theresa\u2019s High School.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Malabar_Hill\"><\/span><b>6. Malabar Hill\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Average Property Price for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 8.24 Cr &#8211; 9.10 Cr<br \/>\n<\/span><b>Average Rent for a 2BHK: <\/b><span style=\"font-weight: 400;\">Rs. 112 &#8211; 186 per sqft\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Malabar Hill in South Mumbai has a separate fanbase for its alluring views of the Nariman Point skyline, Girgaon Chowpatty Beach, and the Arabian Sea. You will find luxurious penthouses and condominiums, priced up to Rs. 300 crore. Beyond the residential properties, the area is the address of many affluent personalities like the CM of Maharashtra.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The average property price is Rs. 51,480 per sqft, and the cost of living is around Rs. 60,000. With well-connected major roads such as Malabar Hill Road and Marine Drive, Malabar Hill is one of the most coveted posh areas in Mumbai. Also, prestigious educational institutions such as St. Peters School and the American School of Bombay.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, you know all about the posh areas in Mumbai, you can decide where to live and how much your living costs might be. With the glam factor of the city, the infrastructure, and luxury amenities, the elite areas ensure an impeccable standard of living. It is important to note that the average property price in Mumbai is usually around Rs. 18,000 per sqft and the most expensive residential areas are priced at 6 times more. In case you are new to the city, you can get all your furniture on rent in Mumbai \u2013 just head over to <\/span><a href=\"https:\/\/www.rentomojo.com\/mumbai?utm_source=blog&amp;utm_medium=organic&amp;utm_campaign=homepage_mumbai\"><span style=\"font-weight: 400;\">Rentomojo<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><b>Frequently Asked Questions <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b style=\"font-size: 16px;\">1. Where is the richest place to live in Mumbai?<br \/>\n<\/b><span style=\"font-weight: 400;\">Colaba and Malabar Hill are often considered the poshest areas in Mumbai. These areas are known for their historic architecture, stunning sea views, and high-end shopping and dining options.<\/span><\/p>\n<p><b>2. Where do billionaires live in Mumbai? <\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Many Mumbai billionaires reside in the exclusive neighbourhoods of Malabar Hill and Altamount Road, often referred to as India&#8217;s Billionaires&#8217; Row. These areas are known for their luxurious residences, high security, and stunning sea views.<\/span><\/p>\n<p><b>3. Why is Bandra West so expensive? <\/b><b><br \/>\n<\/b><span style=\"font-weight: 400;\">Bandra West is expensive due to its prime location, excellent connectivity, high-quality infrastructure, and the presence of many affluent residents, including Bollywood celebrities. Additionally, the limited availability of land in this area contributes to its high property prices.<\/span><\/p>\n<p><b>4. Is Andheri West costly? <\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">The average price of a 2 BHK multistorey apartment in Andheri West is \u20b92.53 Cr, with a median price of \u20b92.45 Cr. Popular areas to buy a 2 BHK flat in Andheri West include Lokhandwala Complex Andheri West, Versova, etc.\u00a0<\/span><\/p>\n<p><b>5. What is a comfortable salary to live in Mumbai? <\/b><span style=\"font-weight: 400;\"><br \/>\n<\/span><span style=\"font-weight: 400;\">A comfortable salary to live in Mumbai typically ranges from Rs 40,000 to Rs 60,000 per month, depending on your lifestyle and the neighbourhood you choose to live in.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai, the financial capital of India, is popular for its bustling streets, state-of-the-art infrastructure, and ample career opportunities. In the midst of such a vibrant&#8230;<\/p>\n","protected":false},"author":22,"featured_media":5242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false},"categories":[401],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.2 (Yoast SEO v21.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Top 5 Posh Areas In Mumbai And Average Property Price | RentoMojo<\/title>\n<meta name=\"description\" content=\"Do you want to learn about the posh areas in Mumbai? 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