Living in Luxury: Mumbai’s Priciest Neighbourhoods
What You Need to Know
- 5 January, 2024
Mumbai is home to some of the most affluent areas in India, where the country’s rich and famous reside. Here are six of the costliest localities that only the top tier can afford:
Worli
Worli is an upscale neighborhood in South Mumbai known for its sea-facing high-rises, ritzy malls and proximity to the elite National Centre for Performing Arts. Home to celebrities and industrialists, recent luxury property deals have exceeded over ₹93,000 per sq. ft.
Malabar Hill
Malabar Hill is the pinnacle of luxury living in Mumbai. This exclusive enclave sports the city’s most expensive real estate, including billionaire Mukesh Ambani’s iconic $1 billion home Antilia. Apartment prices in buildings like Nepean Sea Road often top ₹100,000 per sq. ft.
Juhu
Juhu boasts Mumbai’s premiere beachfront with gentle waves, juice centers and upbeat cafes. The desirability of a Juhu address comes at a steep price, with two-bedroom apartments costing upwards of ₹5 crore. Bollywood stars like Amitabh Bachchan call Juhu home.
Bandra
Bandra’s old world charm, shopping and restaurants have attracted celebrities like Shah Rukh Khan. Known as the ‘Queen of Suburbs’, luxury homes like Mannat and Vaastu push realty rates to over ₹60000+ per sq. ft. The area epitomizes aspirational living.
Cuffe Parade
One of South Mumbai’s most exclusive business and residential districts, Cuffe Parade offers upscale high-rises with panoramic sea views. Prestigious addresses like CCI Chambers and Maker Towers command prices between ₹75,000 to ₹80,000 per sq. ft.
Khar
Home to some of Bollywood’s biggest names like Salman Khan, Khar exudes an artsy, eclectic vibe with quirky cafes and boutiques. With price of apartments at Rs. 60,000/- per sq. ft, you get a 3 BHK home in Khar for about Rs. 6 Crore onwards.
Mumbai’s most well-heeled live in these leafy, well-connected pockets offering privacy, status and amenities. The extremely high cost of homes in these areas of Mumbai makes them unaffordable for most people. But for the city’s billionaires, movie stars, and old rich families, these neighbourhoods are the height of luxury living. The very expensive prices buy more than just the size of the home – they also buy status, amenities, and prestige addresses.