Planning to purchase a property in a posh area in Mumbai? The economic capital of the country presents investors with lucrative opportunities. Mumbai houses some of the most expensive localities in India in terms of real estate prices. The city continues to witness a transformation in its civic infrastructure. With new properties under development in different localities, how do you find the richest area in Mumbai?
For affluent millennials and professionals, purchasing a property in one of these localities is a strategic decision. In Mumbai, residents enjoy a plethora of employment and business opportunities. With a strong transportation system and well-connected roads, most of these localities appeal to property buyers with apartments, villas, bungalows, row houses, independent floors, and other types of properties.
In this post, we have shared the names of 15 posh areas in Mumbai, along with an overview of their social infrastructure and price trends. This will help you decide where you should be buying your new home in the city.
Check out some of the best localities in Mumbai where affluent families are looking to purchase their homes.
Juhu is a posh area in Mumbai located in the western suburbs of the city. This part of the city houses the residences of prominent celebrities like Amitabh Bachchan, Akshay Kumar, and Alia Bhat. Popularly, Juhu is known as the ‘Beverly Hills of Bollywood.
To its west, Juhu has the beautiful Arabian Sea. A number of cafes and restaurants are located close to this area where residents can hang around. In this locality, you will mostly come across low-rise structures and independent homes. The well-developed infrastructure in close proximity makes it perfect for residents.
Prices of Residential Property in Juhu
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
31,300 - 49,900
|
|
Rent
|
76- 132
|
Social Infrastructure in Juhu
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Educational Institutions
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St. Joseph High School, MKS College of Commerce, Mithibai College, Utpal Sanghavi Global School
|
|
Hospitals
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Lotus Eye Hospital, Advanced Multi Speciality Hospital, HBT Medical College, Criticare Hospital
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|
Shopping Centres
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DB Mall, Prime Mall, Amrapali Shopping Centre, Parle Square
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Transportation
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Mumbai International Airport, Vile Parle Railway Station, Andheri Railway Station, DN Nagar Railway Station
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Many investors and property owners consider Malabar Hill to be the most posh area in Mumbai. Besides being a locality housing the elites, it offers exclusive residential facilities to some of the wealthiest personalities in India, including the Chief Minister of Maharashtra.
Since this locality is located to the south, residents enjoy the beautiful view of the Arabian Sea on three sides.
Prices of Residential Property in Malabar Hill
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
43,500 - 74,500
|
|
Rent
|
106- 177
|
Social Infrastructure in Malabar Hill
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Educational Institutions
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Sp Jain School, Jai Hind College, Casa Montessori Hill Grange High School
|
|
Hospitals
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St. Elizabeth’s Hospital
|
|
Shopping Centres
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Chandralok, CR2 Mall, Palladium Mall
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|
Transportation
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Girgaon Metro Station, Charni Road Railway Station, Grand Road Railway Station, International Airport
|
Located close to Nariman Point, Cuffe Parade is considered the richest area in Mumbai by many. The locality was developed after reclaiming land on the Western shore of Colaba. Currently, it houses affluent families in Mumbai and has several high-rise buildings for residential and commercial use. Some of the prominent landmarks in this area include the World Trade Centre, Maker Towers, and Taj President Hotel.
Prices of Residential Property in Cuffe Parade
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Type of property
|
Average Price per square foot in INR
|
|
Sale
|
42,500 - 67,500
|
|
Rent
|
111 - 169
|
Social Infrastructure in Cuffe Parade
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Educational Institutions
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GD Memorial Institute, Dunne’s Institute, Kundali College of Pharmacy, Dilkab Colleges & Institute
|
|
Hospitals
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Kaifak Medicare, Apollo Clinic, INHS Asvini, Healthspring Cuffe Parade
|
|
Shopping Centres
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The Arcade Shopping Centre, CR2 Mall, Oberoi Shopping Centre, Taj Shopping Arcade
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|
Transportation
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Mumbai CST Station, Churchgate Railway Station, Mumbai International Airport
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Bandra West, or Bandra, is one of the posh areas in Mumbai. In this locality, residents come across different types of houses. Among celebrities, actors Shah Rukh Khan and Salman Khan reside in this part of the city. Their homes are known as Mannat and Galaxy Apartment, respectively.
Bandra houses a large number of high-end restaurants, nightclubs, and entertainment zones. Besides, it is a hotspot for youth in Mumbai. The Bandra-Worli Sea connects this locality to Worli.
Prices of Residential Property in Bandra West
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Type of property
|
Average Price per square foot in INR
|
|
Sale
|
33,400 – 55,300
|
|
Rent
|
82 - 135
|
Social Infrastructure in Bandra West
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Educational Institutions
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St. Stanislaus High School, Arya Vidya Mandir High School, Rizvi College of Engineering, Chetna College
|
|
Hospitals
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Lilavati Hospital, Bhabha Hospital, Holy Family Hospital
|
|
Shopping Centres
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Link Square Mall, Veena Beena Shopping Centre, Gazebo Shopping Centre
|
|
Transportation
|
Bandra Railway Station, Mumbai International Airport, Upcoming SEEPZ line between Colaba and Bandra
|
The locality of Tardeo, particularly Altamount Road in the southern part of Mumbai, is one of the most posh areas in Mumbai. It is the home to Mukhesh Ambani, the wealthiest person in India. This locality also has several commercial complexes, and reputed schools and hospitals. However, residential options in this area are limited which makes it the home to the most elite population in Mumbai.
Prices of Residential Property in Tardeo
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Type of property
|
Average Price per square foot in INR
|
|
Sale
|
37,600 – 60,900
|
|
Rent
|
96 - 167
|
Social Infrastructure in Tardeo
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Educational Institutions
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Aditya Birla World Academy, hill Spring International School, Girton High School
|
|
Hospitals
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Apollo Speacta Hospital, Jaslok Hospital and Research Centre
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|
Shopping Centres
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High Street Phoenix, Atria Mall, Palladium Mall
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|
Transportation
|
Grant Road Railway Station, Mumbai Central Railway Station
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Pali Hill is a posh area in Mumbai. This upscale locality runs parallel to the Carter Road or Naushad Ali Road, and has been named after Pali Village located in Bandra. The housing market in this part of the city looks diverse with complexes and bungalows. You also have several sophisticated restaurants around the area. Surrounding the locality, there are rolling hills with steep and shallow sides alternatingly. The strong social infrastructure in Pali Hill makes it a great place to buy your property
Prices of Residential Property in Pali Hill
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Type of property
|
Average Price per square foot in INR
|
|
Sale
|
36,000 – 63,800
|
|
Rent
|
70 - 118
|
Social Infrastructure in Pali Hill
|
Educational Institutions
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Rizvi Educational Complex, St. Anne’s High School, St. Andrew’s High School, RD National College
|
|
Hospitals
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Lilavati Hospital, Nanavati Hospital, Guru Nanak Hospital, Holy Family Hospital
|
|
Shopping Centres
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Link Square, City, Crystal Point, DB Mall, Infinity
|
|
Transportation
|
Upcoming SEEPZ line between Colaba and Bandra
|
Worli finds its name among the posh areas in Mumbai, located in the southern part of the city. This is one of the four peninsulas that make up Mumbai. Some of the celebrities like Virat Kohli, Anushka Sharma, Deepika Padukone, Abhishek Bachchan, and Ranveer Singh reside in Worli.
This posh locality has several high-rises, and residents love the expansive views of the Bandra-Worli Sea Link. Prominent commercial hubs in Mumbai are located close to this area, easing up commuting for working professionals.
Prices of Residential Property in Worli
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
15,700– 23,000
|
|
Rent
|
42 - 64
|
Social Infrastructure in Worli
|
Educational Institutions
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DY Patil International School, Sacred Heart School, Podar International School
|
|
Hospitals
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ESIC Hospital, Podar Hospital
|
|
Shopping Centres
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Link Square, City, Crystal Point, DB Mall, Infinity
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|
Transportation
|
Palladium Mall, Atria Mall, INOX Nakshatra Mall
|
8. Versova
Versova is one of the richest areas in Mumbai, located in the north-western suburbs of the city. It houses the beautiful Versova Fort along with seashore. It houses the homes of several television and Bollywood celebrities.
In recent times, the Versova sea batch was cleaned up, which emerged as the largest beach-clean up to take place in history. This locality appeals to property owners with lots of green spaces, mangroves, and wetlands.
Prices of Residential property in Versova
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
18,800– 31,400
|
|
Rent
|
52 - 93
|
Social Infrastructure in Versova
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Educational Institutions
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Rajiv Gandhi Institute of Technology, Orchids Global Learning Academy, Bhavan’s College, Jankidevi Public School
|
|
Hospitals
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KDAH Hospital, BSES MG Hospital, Nanavati Hospital, Criticare Hospital
|
|
Shopping Centres
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Infinity Mall, City Mall, Crystal Point Mall, DB Mall
|
|
Transportation
|
Mumbai Metro Line 2, Mumbai Airport, Versova Metro Station
|
A popular posh area in Mumbai, Colaba is the home to one of the greatest industrialists of India, Mr. Ratan Tata. This is a sophisticated locality known for its culture and artistic essence. It has several museums and art galleries, along with theatres and properties with colonial architecture. Noted for its nostalgia and heritage, Colaba is the home to many affluent families. It has excellent connectivity to other parts of Mumbai and residents can enjoy a seamless navigation to reputed schools and hospitals.
Prices of Residential Property in Colaba
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
32,100– 51,400
|
|
Rent
|
92 - 145
|
Social Infrastructure in Colaba
|
Educational Institutions
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BD Somani School, St. Joseph’s High School, Army Public School, Kendriya Vidyalaya
|
|
Hospitals
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INHS Hospital, Saifee Hospital, Kalajot Hospital
|
|
Shopping Centres
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Metro Plaza, CR2 Mall, Arcade Mall
|
|
Transportation
|
Mumbai Metro Line 3, Currey Road Station, Lower Parnel Railway Station
|
Many property owners consider Breach Candy to be the most expensive area in Mumbai. It is located at the edge of the Arabian Sea. The locality is the home to the elite population, and boasts a strong social infrastructure to enhance the lifestyle of the residents.
To the north, it is surrounded by the Mahalaxmi, while the Malabar Hills lies to its south. The famous Islamic shrine, Hazi Ali Dargah, lies in this locality. Residents can quickly access the sophisticated schools and hospitals in the proximity.
Prices of Residential Property in Breach Candy
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
42,100– 64,800
|
|
Rent
|
108 - 170
|
Social Infrastructure in Breach Candy
|
Educational Institutions
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DSB International School, Cumbala Hill High School, Greenlawns High School, Sophia College, Wilson College
|
|
Hospitals
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Breach Candy Hospital, Global Hospital, Jaslok Hospital, Bhatia Hospital
|
|
Shopping Centres
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Palladium Mall, High Street Phoenix Mall, Heera Panna Shopping Centre Mall
|
|
Transportation
|
Mumbai Central Railway Station, Grant Road Railway Station, Byculla Railway Station, Mumbai International Airport
|
Powai is another popular locality that makes its way into the list of most posh areas in Mumbai. It has lots of beautifully designed properties, both in the residential and commercial segments. The last three decades have witnessed significant development of the area. Some of the key thoroughfares connecting this locality to other parts of the city are the Lal Bahadur Shastri Road, the Eastern Express Highway, and the Jogeshwari-Vikhroli Link Road. It is located close to the major employment zones and business parks in Malad, Andheri, Goregaon, and Navi Mumbai.
Prices of Residential Property in Powai
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
16,400– 27,300
|
|
Rent
|
51- 86
|
Social Infrastructure in Powai
|
Educational Institutions
|
Maharashtra National Law University, National Institute of Industrial Engineering, IBS Business School, IIT Bombay
|
|
Commercial Hubs
|
ATL Corporate Park, Powai Supreme Business Park
|
|
Shopping Centres
|
D Mart, Empire Plaza, Galleria Mall, D Mall, Haiko Mall
|
|
Transportation
|
Kanjurmarg Railway Station
|
This is a posh area in Mumbai with a race course and an affluent neighbourhood. It has some of the most expensive houses in the city. Besides, some of the famous tourist places like the Arab seashore and the Haji Ali Shrine are located close to this locality. Some of the other places located close by include Taradeo, Upper Worli, Mumbai Central, and Tulsiwadi.
Prices of Residential Property in Mahalaxmi
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
30,300– 52,800
|
|
Rent
|
79- 137
|
Social Infrastructure in Mahalaxmi
|
Educational Institutions
|
Greenlawns High School, DY Patil International School, Lala Lajpat Rai College Mahalaxmi
|
|
Commercial Hubs
|
Peninsula Corporate Park, One Indiabulls Centre, Peninsula Business Park, Lodha Excelus
|
|
Shopping Centres
|
Atria Mall, Palladium Mall
|
|
Transportation
|
Bandra-Worli Sea Link, Lower Parel Monorail Station, Mahalaxmi Railway Station, Western Line
|
Peddar Road is among the prestigious areas in South Mumbai. It is known for its upscale residential properties and affluent residents. It offers stunning views of the Arabian Sea and residents love the urban lifestyle. The locality is dotted with luxurious high-rise apartments, sprawling bungalows, and exclusive penthouses. Peddar Road is well-connected to localities major in the city. It has a strong social infrastructure, including premium schools, hospitals, fine dining restaurants, and luxury boutiques.
Prices of Residential Property in Peddar Road
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
48,000 - 80,000
|
|
Rent
|
120 - 200
|
Social Infrastructure in Peddar Road
|
Educational Institutions
|
The Cathedral & John Connon School, Aditya Birla World Academy, B.D. Somani International School, Dhirubhai Ambani International School, Sophia College for Women
|
|
Hospitals
|
Breach Candy Hospital, Jaslok Hospital and Research Centre, Wockhardt Hospital, Saifee Hospital, H.N. Reliance Foundation Hospital
|
|
Shopping Centres
|
High Street Phoenix Mall, Palladium Mall, Crossroads Mall, Inorbit Mall, Tardeo AC Market
|
|
Transportation
|
Charni Road Railway Station, Grant Road Railway Station, CST, Western Express Highway
|
Willingdon Colony is a prestigious residential area located in the posh locality of Santa Cruz in Mumbai. Named after Lord Willingdon, the former Viceroy of India, this area is known for its lush greenery, well-planned layout, and high-end residential properties. This posh area in Mumbai has spacious bungalows, villas, and luxurious apartments that cater to affluent families. It offers a serene and tranquil living environment while residents can quickly connect to other parts of the city.
Prices of Residential Property in Willingdon Colony
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
38,000 – 65,000
|
|
Rent
|
94 - 156
|
Social Infrastructure in Willingdon Colony
|
Educational Institutions
|
Maneckji Cooper Education Trust School, R.N. Podar School, St. Teresa’s Institute of Education
|
|
Hospitals
|
Nanavati Super Speciality Hospital, P.D. Hinduja Hospital, Holy Family Hospital
|
|
Shopping Centres
|
Phoenix Marketcity, High Street Phoenix, Santacruz Market
|
|
Transportation
|
Santacruz Railway Station, Chhatrapati Shivaji International Airport, Upcoming Santacruz-Chembur Link Road
|
Altamount Road, also known as the 'Millionaire's Row,' is one of the most expensive areas in Mumbai. Situated in South Mumbai, Altamount Road is renowned for its opulent properties, upscale lifestyle, and panoramic views of the Arabian Sea.
Several industrialists and Bollywood celebrities live in this part of the city. It comes with mansions, penthouses, and condos, offering both privacy and sophistication.
Prices of Residential Property in Altamount Road
|
Type of property
|
Average Price per square foot in INR
|
|
Sale
|
45,000 – 75,000
|
|
Rent
|
110 - 185
|
Social Infrastructure in Altamount Road
|
Educational Institutions
|
Bombay International School, Cathedral and John Connon School, Aditya Birla World Academy
|
|
Hospitals
|
Jaslok Hospital and Research Centre, Breach Candy Hospital, Sir H.N. Reliance Foundation Hospital
|
|
Shopping Centres
|
Heera Panna Shopping Centre, Bayside Mall
|
|
Transportation
|
Charni Road Railway Station, Grant Road Railway Station, Mahalaxmi Railway Station, Upcoming Mumbai Coastal Road
|
If you are looking for the most posh area in Mumbai, you can now choose the locality that suits your preferences and lifestyle.
We have comprehensively explored the top academic institutes, hospitals, shopping centres, commercial zones, and transportation facilities in the most posh areas in Mumbai in this guide. Besides, you have got an idea on the property price trends in the top places to live in the city. Now, you can further narrow down this list of residential localities in Mumbai and proceed to purchasing your new home.
