Mumbai, also known as “The City of Dreams”, is a city that never sleeps. Countless people have come down to this city for decades to be successful entrepreneurs or try out their luck in the film and entertainment industry. As India’s financial capital, Mumbai is home to many rich business owners and upper-middle-class people living in the poshest areas.
When it comes to choosing a place to live in Mumbai, you tend to get confused with the availability of numerous saleable and rented properties in posh areas. Plus, the real estate prices may also vary depending on the factors, such as the infrastructure, community, and facilities in different areas.
Also, read our guide on Mumbai Property Tax!
The Most Popular Posh Areas In Mumbai
Bandra, also known as the “Queen of Suburbs”, is one of the poshest areas in Mumbai. It is an upscale residential locality where Mumbai’s richest and most famous people stay.
Bandra Bandstand is a serene haven based in the suburbs. If you go for a morning walk, you can see your favourite celebrities walking or jogging on the road. The tallest buildings in Bandra give a mesmerizing view of the sea. The balcony lets you see the tourist attractions and landmarks, such as Mount Mary Church and Bandra Fort.
One of the best things about living in Bandra is living in a clean and peaceful environment and enjoying the cool breeze. Bandra residents also get easy access to the finely preserved seaside promenades.
Bandra is a hot favourite among celebrities and rich people as the place is properly planned and automatically raises the residents’ standard of living. Look for flats for rent in the bandstand area to have a great lifestyle. The average property price in Bandra West is Rs. 47710 per square foot.
If you dream of staying atop a hill and cherishing the best sea views daily, Pali Hill, Bandra, can be the perfect place to stay in Mumbai. This upmarket neighbourhood is named after the mesmerizing Bandra’s Pali and looks significantly better than other suburbs. You may see a celebrity jogging in the morning and enjoying walking down the slopes.
Pali Hill, Bandra, is one of the best posh areas in Mumbai because of the traditional-looking bungalows, modern buildings, and sought-after restaurants.
Buying a property in Pali Hill can be a great investment as it is a market residential place and offers easy accessibility to all facilities. The average property price in Pali Hill, Bandra, is Rs45254 per square foot.
Altamount Road is the most expensive area in Mumbai and has made it one of the top 10 costliest streets in the world. This place became more popular after Mukesh Ambani built Antilia, his multi-storied home, one of India’s most expensive residential properties.
Altamount Round offers easy accessibility to its residents, so many people are buying properties to live in this Mumbai posh area. Altamount Road is home to numerous panjandrums and looks extra charming because of its roundabout way, which is far from the crowded Peddar Road.
Since Altamount Road has several consulates, it is and will always be a Mumbai posh area. Living in rented accommodation in this place allows you to enjoy a lavish style. The average property price on Altamount Road is Rs 58100 per square foot.
Juhu, located in Mumbai’s western suburbs, is one of the most popular posh areas in the city. Jalsa, Bollywood Superstar Amitabh Bachchan’s home, is still one of the biggest tourist attractions in Juhu. His fans gather in front of Jalsa on his birthday to see their favourite superstar waving at them.
Hrithik Roshan recently bought 2 plush apartments on the Juhu-Versova Link Road. According to media reports, his apartments are 38000 square feet in size and have a 6500 square feet sky deck. He spent approximately Rs. 30 crores for a flat of 11165 square feet and Rs 67.5 crores for a duplex that is around 27000 square feet.
Akshay Kumar, Ajay Devgan, and Sachin Tendulkar are famous personalities staying in huge villas in Juhu.
You can find both noteworthy real estate assets and various low-rise structures with individual builder floor options in the posh area. Plus, you can get many designer boutiques and outlets that elite people love to visit.
The Juhu Chowpatty is a famous place in Mumbai where street food sellers set up stalls in the evening. If you love street foods, you can look for a property near this place.
Besides Juhu, Worli Sea Face can be the perfect place to live for people who want to stay in sea-facing properties. You can find some of the most expensive Mumbai real estate properties in Worli Sea Face.
As this place is located right beside the Rajiv Gandhi Sealink’s Worli entrance, it is nicely connected to Bandra and the nearby suburbs. Worli Sea Face is conveniently situated close to Lower Parel’s commercial district, making it one of Mumbai’s best posh areas.
As a resident of Worli Sea Face, you can enjoy excellent connectivity to the best places and a mesmerizing sea view when you are home. Most of the celebrities living in high-rise buildings tend to stay in Worli, which has numerous upscale housing societies.
Abhishek Bachchan, Deepika Padukone, Virat Kohli, and Anushka Sharma have bought homes in Worli Sea Face. The average property price in this place is Rs70230/square feet.
JVPD Scheme is located near Juhu Beach. This area has numerous skyscrapers and is home to several Bollywood stars. The celebrated Prithvi Theatre, eco-friendly Kaifi Azmi Park, luxurious bungalows, and modern buildings have increased the value of this location.
As the JVPD Scheme is full of stylish restaurants, cafes, and clubs, they attract many celebrities and rich people. So, you may see your favourite star in the trendiest salons, restaurants, and cafes. If you love dining out in different places, you would love the vegan restaurants in this area.
The average property price in the JVPD Scheme is Rs 49824/square foot.
Cuffe Parade, located at Mumbai’s southern end and near Nariman Point on the southern outskirts, is a segment of Mumbai’s Central Business District. The location was created after reclaiming 75,000 square meters of land on Colaba’s western shore. As Cuffe Parade is located near Navy Nagar and Colaba’s shopping district, this seaside area is full of high-priced real estate prices.
MVRDC, Maker Towers, and World Trade Centre are prominent trade and commerce landmarks located in Cuffe Parade. Many tourists visit this place only to see the Taj President Hotel from the outside. This location is home to many dignitaries.
The average property price in Cuffe Parade is 65789 per square foot.
Hiranandani Estate is one of the most expensive places in Mumbai. The lavish Hiranandani Complex is located in Powai’s northern suburbs. The township shows how a complex can change the overall appeal of a developing suburb.
Powai is considered to be one of the best Mumbai posh areas to live because of the ways it has promoted the city’s financial status. This neighbourhood comprises upscale residential complexes, well-maintained gardens, happening restaurants, shopping galleries, reputed schools, and almost everything people need to enjoy their life.
The average property price in Hiranandani Gardens is Rs29097/square feet.
Seven Bungalows in Versova is one of the most exquisite locations in Mumbai. Versova is a well-known neighbourhood in the northwestern outskirts of Mumbai, where many rich people live.
The properties in this area are quite high-priced because of the Versova Fort and seashore. The recent cleanup of Versova beach is one of the world’s biggest cleanup.
Versova is more popular than Andheri as a residential suburb and is home to many TV stars and celebrities. It is perfectly connected to Ghatkopar’s central suburb via the Mumbai Metro, with easy connectivity to Juhu. You can work out, take a walk and enjoy the scenic beauty of Versova beach.
The average property price in Versova Andheri is Rs. 32435 per square foot.
Malabar Hill also called the abode to the Bangaga Tank, is a posh area in South Mumbai with several houses and luxurious apartments.
You can have an excellent view of the Malabar Hill coastline from the balcony of a skyscraper. The neighbourhood spans across a hill, which slopes upwards from Chowpatty and gives mesmerizing views of Marine Drive.
The Gulmohar-lined pathways of Malabar Hill offer the desired level of peace and comfort in the City of Dreams. When living in Malabar Hills, you can click beautiful pictures because of the scenic beauty and post them on Instagram to increase engagement. Many people choose to live in Malabar Hills because of the fantastic architecture.
The average price of properties in Malabar Hills is Rs 53527/square feet.
You must have heard about Breach Candy hospital many times on news channels. It is a landmark and prestigious establishment in Breach Candy.
An aerial view of this posh area can be the most pleasing sight in crowded Mumbai. The seaside neighbourhood of Breach Candy is an expensive location in South Mumbai. This posh area is popular because of its recognized Breach Candy Club, the only club in Mumbai having a saltwater pool! You can find multiple vendors selling popular street-side bites in this location.
Breach Candy has some of Mumbai’s most reputable schools, colleges, and institutions. The 18th-century Mahalaxmi Temple, which worships the Hindu goddess of knowledge and prosperity, is located on the sea edge. It is one of the most famous temples in Mumbai that attracts millions of devotees and people every year.
The average property price in Breach Mumbai is Rs58333/square feet.
Kemps Corner is an upscale market near South Mumbai. This post area has lavish private properties and luxurious shopping markets that import and sell products from foreign countries.
People who live in Kemps Corner mostly belong to extremely well-to-do ancestral families who were once famous in Bombay. Recently, the property prices in this area have started increasing.
Colaba is one of the top posh areas in Mumbai, which is located behind the Gateway of India. Tourists tend to visit this place to see the royal Taj Hotel and shop in the bright flea market known as Colaba Causeway. The shops sell famous antiques and other noted souvenirs, reflecting Mumbai’s beauty.
If you want to visit Iranian cafes and celebrated eateries in Mumbai often, you should think about staying in Colaba. Foodies tend to visit this location to have the best dishes in the most popular cafes. The cost of living in Colaba is quite high because of the happening ambience.
Lokhandwala complex is a famous posh area in Andheri. Many people have bought properties in Lokhandwala to easily visit modern cafes, clubs, and restaurants. It is a great place to meet people and hang out with them. Even if you stay in a rented room for life, you can feel the energetic vibe and enjoy life once you step outside.
The place has been named Lokhandwala because of the reputable construction firm Lokhandwala Constructions Pvt. Ltd. This posh area is a home for numerous small-screen TV actors. Many tourists also visit this place to see the shooting spot of the hit Hindi movie – Shootout at Lokhandwala.
Santacruz West, in Mumbai, is home to many working professionals. The place is near their workplaces and offers a luxurious lifestyle, owing to the presence of residential catchments.
Santacruz West has a balanced mix of developments, including corporate office spaces and commercial and residential areas, and is much more affluent than its eastern counterpart. The area is near Khar, Bandra, and Vile Parle, with surrounding posh residential developments.
The price of properties in Santacruz West ranges from Rs 28,000 and Rs 45,000 per square foot.
When living in Santacruz West, you get good connectivity and transportation facilities. The Milan Flyover has improved connectivity between Santacruz West and East, thus, making it easier to commute to and from the Western Express Highway.
Many companies are also opening their guest houses in the area, as it is close to the airport. Employees working in those companies can easily travel from this location to the office and other destinations. When you have a property that is close to the airport, you can save on transportation fares.
Living in Mumbai can always be an enthralling experience as this city never sleeps, and living in a posh area can be an add-on. Besides the posh areas mentioned above, Parel, Dadar, Andheri, and Vile Parle are some of the best and most expensive areas to live in.
Posh areas in Mumbai are the most elite areas in India. They are expensive but offer the best facilities and environment where you can live the way you want. The best thing about Mumbai’s posh areas is that they are quite safe, and girls can feel safe at night.
If you want to live in a posh Mumbai area, consider the above locations to choose the desired property.