Top 12 Posh Areas in Mumbai: Property Prices, Connectivity, Nearby Areas in 2024

Posh Areas in Mumbai embody the pinnacle of luxury, exclusivity, and the highest living standards in India's financial and entertainment capital. Home to Bollywood celebrities, business tycoons, and entrepreneurs, these neighbourhoods boast lavish homes in scenic or prime city locations, making them the most sought-after and vibrant areas. Offering breathtaking sea views and a promise of a luxurious lifestyle, they represent the epitome of opulence, drawing many to aspire for a home in these coveted locales. 

Let's delve into the list of Mumbai's most prestigious areas.

List of Top 12 Posh Areas in Mumbai 2024

Mumbai is known for its vibrant lifestyle, busy lifestyle, and diverse neighbourhoods. Here is the list of top posh areas in Mumbai 2024: 

1. Juhu
2. Malabar Hill
3. Cuffe Parade
4. Bandra Bandstand 
5. Tardeo 
6. Pali Hill, Bandra
7. Worli Sea Face
8. Breach Candy
9. Seven Bungalows, Versova
10. Hiranandani, Powai
11. Altamount Road
12. JVPD Scheme

Top 12 Posh Areas in Mumbai - A Detailed Guide 2024

Mumbai, the city of dreams, provides a wide range of neighbourhoods. Let’s delve into the list of Mumbai’s most prestigious areas.

1. Juhu, Mumbai

Juhu is located in the western part of Mumbai and is one of the most posh areas in Mumbai. Amitabh Bachchan, Sachin Tendulkar, and Akshay Kumar are among the celebrities who own villas in Mumbai in this area. There are a few notable real estate assets in the area and various low-rise structures with independent builder floor options. Hrithik Roshan just purchased two magnificent apartments on the Juhu-Versova Link Road. According to sources, these apartments have a 6,500-square-foot sky deck and are 38,000 square feet. The celebrity spent around ₹67.5 crores for the duplex, approximately 27,000 square feet, and ₹30 crores for the other flat, 11,165 square feet. In Juhu, there are a lot of designer boutiques and outlets that are favoured by the upper crust of society. The Juhu Chowpatty, where street food merchants set up their stalls in the evening, is also well-known in the region.  Check out flats for rent in Juhu.

Famous for its celebrity residents and proximity to Juhu Beach, Juhu offers a diverse range of apartments. The cost of living ranges from ₹35,000 to ₹50,000, catering to various budgets while providing a posh living experience.

Key Details of Juhu: 

• Connectivity: This area is located on the western side of Mumbai and is relatively close to Chhatrapati Shivaji Maharaj International Airport. Juhu has good connectivity to all major cities via roadways, railways, and metro services. 
• Schools: Popular schools in Juhu are CP Goenka International School, Maneckji Cooper Education Trust School, Ecole Mondiale World School, and Utpal Shanghvi Global School. 
• Parks: The famous parks in this area are Juhu Garden, Ameet Satam Garden, and Gol Garden. 
• Hospitals: Major hospitals in Juhu are Surya Hospitals, Nanavati Hospital, and Sujay Hospital. 
• Average Property Price: ₹56 098 per Sq ft 

2. Malabar Hill, Mumbai

Malabar Hill is among the best areas to live in Mumbai, located in the South, known for its expensive houses and luxury cars. This is the most costly area in Mumbai. The neighbourhood spreads across a hill that slopes upwards from Chowpatty, giving fantastic views of Marine Drive. The Gulmohar-lined pathways of Malabar Hill offer comfort in this fast-paced city. The Mumbai prime location is also known as the abode to the Bangaga Tank. This coastal place in Mumbai has a picturesque effect on your Instagram posts. The architecture of this place makes for an excellent aesthetic appeal. Check out flats for rent in malabar.

Known for its luxurious lifestyle, Malabar Hill has an average property price of ₹51480 per sq. ft. Living costs start from ₹60,000, offering spacious apartments in heritage buildings and modern complexes near Hanging Gardens. 

Key Details of Malabar Hill

• Connectivity: Malabar Hill is well-connected to major roads like Marine Drive, Malabar Hill Road, and Peddar Road. The nearest railway station to this place is Churchgate. 
• Schools: Famous schools in the Malabar Hill area are St.Peters School, the Bombay International School, and the American School of Bombay. 
• Hospitals: Major hospitals such as Dr Sayyed Hospital, SL Raheja Hospital, and Breach Candy Hospital. 
• Parks: Some popular parks in this area are Hanging Garden, Amarson Garden, Kamala Nehru Park, and Johnson and Johnson Garden. 
• Average Property Price: ₹51480 per sq. ft.

3. Cuffe Parade, Mumbai

While discussing Mumbai’s best colony names, Cuffe Parade’s name will inevitably surface. It is located at the southern end of Mumbai. Cuffe Parade is a part of Mumbai’s Central Business District and is located near Nariman Point on the city’s southern outskirts. The region was constructed after reclaiming 75,000 square metres of land on Colaba’s western shore, one of the best residential areas in Mumbai.

This seaside neighbourhood is another region with soaring real estate prices as it is situated next to Navy Nagar and adjacent to the shopping district of Colaba. Mumbai’s World Trade Centre and Maker Towers, both prominent landmarks in the city’s trade and commerce, are located here. The iconic Taj President Hotel is situated in the region. Cuffe Parade is also home to several dignitaries. Check out flats for rent in Cuffe Parade.

Located at Mumbai’s southern tip, Cuffe Parade has an average property price of Rs. 48750 per sq. ft. The cost of living varies from ₹30,000 to ₹45,000, with apartments in older buildings near the business district.

Key Details of Cuffe Parade:

• Connectivity: Cuffe Parade is close to Nariman Point and Forts. Mumbai Metro Line 3 is 33.5 km from the Cuffe Parade. 
• Schools: Popular schools in this area are Dunne’s Institute, Vidya Niketan School, B.D. Somani International School and GD Somani Memorial School. 
• Parks: Notable parks in this area include Cuffe Parade Park, CPRA Greens, Colaba Woods Garden, and Sea View Park. 
• Hospitals: Major hospitals in this area are Dr. Sayyed Hospital, St. Stephens Hospital, Apollo Speciality Hospital, and Healthspring Clinic. 
• Average Property Price: ₹48750 per Sq. ft.

4. Bandra Bandstand, Mumbai

Bandra is indeed one of the most popular suburbs in this city, and it is the best area in Mumbai. The Bandstand area is called home to the rich and famous. Buildings in this area offer a stunning panorama view of the Arabian Sea, and you can see the Bandra Fort and Mount Mary Church from your balcony. Bandra Bandstand is home to many celebrities, including the superstar Salman Khan, who resides with his family in the Galaxy Apartments.

The locality is above it all - noise and pollution-free, basking in a cool sea breeze. Residents relish access to one of the city’s best-preserved seaside promenades, adding its name to Mumbai’s posh areas. This is also the VIP area in Mumbai because it is meticulously planned and raises the standard of living of its residents. Check out flats for rent near the bandstand.

Bandra Bandstand, a tranquil suburb and one of Mumbai’s most prestigious localities, boasts an average property price of ₹42,691 per sq. ft. The cost of living here starts at around ₹75,000, with studio apartment rents beginning at ₹45,000. This area offers luxurious high-rises with stunning sea views.

Key Details of Bandra Bandstand:

• Connectivity: Bandra station is the closest railway station to this area. The Bandra-Worli sea link connects Bandra to South Mumbai, reducing travel time. 
• Schools: Several popular schools are nearby, such as St. Mary’s High School, Cathedral and John Connon School, and American School of Bombay. 
• Hospitals: There are significant hospitals such as Hinduja Hospital, Lakeview Hospital, Lilavati Hospital, and Breach Candy Hospital. 
• Parks: Bandra Bandstand Promenade itself is a popular park for jogging and walking.
• Average Property Price: Rs. 42,691 per sq. Ft. 

5. Tardeo, Mumbai

Tardeo is an essential arterial road in south Mumbai that connects significant regional commercial locations. This Mumbai luxury area is also home to India’s richest man, Mukesh Ambani. Apart from Ambani’s property, Antilla, India’s most expensive private home, Tardeo has several commercial complexes, including educational and healthcare establishments. Because there are limited residential options in the neighbourhood, it is one of the most expensive areas in Mumbai.  Check out flats for rent in Tardeo.

Tardeo’s average property price is ₹47,786 per sq. ft. Living costs range between ₹25,000 to ₹40,000, offering a mix of old and new apartments in a central location.

Key Details of Tardeo: 

• Connectivity: Tardeo is the leading residential and commercial area in Mumbai. This area connects both Peddar Road and Bellasis Road, and is close Mumbai Central Rail Link. 
• Schools: The famous schools in this area are The Universal School, Aditya Birla World Academy, Hill Spring International School, and Lady Engineer School. 
• Parks: Popular parks in this area include August Kranti Garden, Hanging Garden, and Johnson and Johnson Garden. 
• Hospitals: Major hospitals in this area are Apollo Spectra Hospital, Saifee Hospital, Wockhardt Hospital, and Jaslok Hospital. 
• Average Property Price: ₹47,786 per sq. ft.

6. Pali Hill, Bandra, Mumbai

Named after the Pali village of Bandra, this upmarket neighbourhood is set a notch above the rest of the suburbs, and it truly stands for what it portrays under the list of Mumbai’s posh areas. It is among the top 10 posh areas in Mumbai and you are sure to catch a celebrity jogging or to cycle up the sometimes-treacherous acclivity as you walk down its winding slopes.

Its modern buildings, classic bungalows, and some of Mumbai’s best-known restaurants make this neighbourhood an extremely popular locality. Pali Hills are also the best place to live in Mumbai as it is a market residential area and offers perfect accessibility to everything. Check out flats for rent in pali hill.

Set atop a scenic hill, Pali Hill offers an average property price of ₹35970 per sq. ft. The cost of living ranges between ₹45,000 and ₹60,000, with characterful apartments in older buildings amidst trendy cafes.

Key Details of Pali Hill, Bandra

• Connectivity: It is well-connected to Bandra station and is near the Bandra Bandstand Promenade. 
• Schools: Popular schools in Pali Hill are Stellar World School, Little Star English School, Dhirubhai Ambani International School, and Don Bosco International School.
• Parks: The top parks in this area are Akmeida Park, Joggers Park, Guru Nanak Park, and JJ Park. 
• Hospitals: Major hospitals in this area are SL Raheja Hospital, Ramakrishna Mission Hospital, Agarwal Nursing Home, and Lilavati Hospital. 

Average Property Price: ₹35970 per sq. ft.

7. Worli Sea Face, Mumbai

Worli Sea Face has the highest real estate prices in Mumbai city. It is located at the Worli entrance of the Rajiv Gandhi Sealink and is well-connected to Bandra and the adjoining suburbs. This Mumbai high-class area is also conveniently located near the commercial neighbourhood of Lower Parel, hence making it onto the list of posh places in Mumbai.

Besides being an enviable locality with great connectivity, residents of the region can also enjoy magnificent sea views. The majority of celebrities who live in high-rise buildings are likely to reside in Worli, which has a slew of high-end housing societies. Anushka Sharma-Virat Kohli, Deepika Padukone, Abhishek Bachchan, and a slew of other celebrities have purchased homes in the area for personal usage. Check out flats for rent in worli sea face worli.

This area, known for its high real estate prices, has an average property price of ₹37013 per sq. ft. Living costs vary between ₹50,000 to ₹70,000, offering apartments with beautiful sea views and proximity to the business district.

Key Details of Worli Sea Face: 

• Connectivity: Worli Sea Face is well-connected to Worli station, and this area provides direct access to the seafront Promenade. 
• Schools: Most famous schools in this area are DY Patil International School, Greenlawn School, and Sacred Heart High School. 
• Parks: Popular parks in this area include Worli Sea Face Garden, Great Escape Water Park, and Bhagwan Gautam Buddha Udyan. 
• Hospitals: Major hospitals in this area are JJ Hospital, SL Raheja Hospital, Jaslok Hospital, and Esis Hospital. 
• Average Property Price: ₹37013 per sq. ft.

8. Breach Candy, Mumbai

This high-class area in Mumbai is a seaside neighbourhood of Breach Candy. It is one of South Mumbai’s most expensive locations. It is known for its prestigious Breach Candy Club, the only club in Mumbai with a saltwater pool! The Breach Candy Hospital is a landmark in the area and is one of the most respected establishments around.

It also has various vendors selling famous street-side bites. Breach Candy also has some of Mumbai's most reputed schools and colleges. On the sea's edge is the 18th-century Mahalaxmi Temple, commemorating the Hindu goddess of prosperity and knowledge. It is one of Mumbai’s most well-known temples, attracting millions of devotees and tourists. Check out flats for rent in breach candy cumballa hill.

A heritage district, Breach Candy has an average property price of ₹24140 per sq. ft. Living costs here range from ₹35,000 to ₹50,000, offering older apartments close to Marine Drive.

Key Details of Breach Candy: 

• Connectivity: Breach Candy is near Marine Drive, a popular tourist attraction in Mumbai. Peddar Road and Kemp’s Corner are easily accessible. 
• Schools: Popular schools in Breach Candy are St. Paul Convent High School, St. Xaviers High School, Sharada International School, and Sophia College. 
• Parks: Famous parks in this area include Tata Garden, Signature Garden, and Amarsons Garden. 
• Hospitals: Breach Candy Hospital, Dr Aditya Agrawal Clinic, and Bhatia Hospital. 
• Average Property Price: ₹24140 per sq. ft.

9. Seven Bungalows, Mumbai

Versova is a posh neighbourhood in Mumbai’s northwestern outskirts. The Versova Fort and the seashore are the city’s most well-known features. Versova’s beach just underwent a massive clean-up effort, dubbed the world’s most considerable beach clean-up. It is the best location to live in Mumbai, is known as the abode of several sitcom stars and various celebrities, and is a residential suburb compared to Andheri. It is also conveniently connected to the central suburb of Ghatkopar by the Mumbai Metro, with close connectivity to Juhu. The Versova beach is an excellent place for an evening workout whilst also taking in the neighbourhood’s sights. Check out flats for sale in Versova Andheri.

Versova’s average property price stands at ₹31610 per sq. ft. The cost of living ranges from ₹40,000 to ₹55,000, featuring beachfront apartments and villas with a laid-back atmosphere.

Key Details of Seven Bungalows, Versova: 

• Connectivity: Seven Bungalows is near Versova Beach and is well-connected to the metro station. This area is easily accessible from JVPD Road and Link Road. 
• Schools: Popular schools in this area are Ashok Academy School, Janki Devi Public School, Oes International School, and Rajiv Gandhi Institute of Technology. 
• Parks: Seven Bungalows Garden, Nana Nani Park, and Sheila Raheja Park are famous parks. 
• Hospitals: Major hospitals in this area are AL Kaleshkar Hospital, Mahima Hospital, Purandare Hospital, and Kripa Hospital. 
• Average Property Price: ₹31610 per sq. ft.

10. Hiranandani, Powai, Mumbai

The plush Hiranandani Complex is situated in the northern suburbs of Powai. The township stands for its classic example of how a neighbourhood can change the face of an attenuating suburb. This has also been named the best area to live in Mumbai because of the financial growth that it has assisted the city with. Consisting of upscale residential complexes, shopping galleries, sprawling gardens, reputed schools and hip restaurants, this neighbourhood has everything; you name it. Check out flats for rent near Powai Hiranandani.

Read: India’s Tallest Buildings: Height, Number of Floors and More

Key Details of Hiranandani: 

• Connectivity: The upcoming metro line 5 is easily accessible to Hiranandani. Also, it is accessible via the Western Line of the Mumbai Suburban Railway. 
• Schools: Famous schools in Hiranandani are Podar International School, Hiranandani Foundation School, and Gopal Sharma Memorial School. 
• Hospitals: Major Hospitals in this area are Hiranandani Hospital, Powai Hospital, IIT Bombay Hospital, and Millat Hospital. 
• Parks: A popular lake in this area is Powai Lake.  
• Average Property Price: ₹75000 per sq. ft.

11. Altamount Road, Mumbai

Situated in town, it is one of the most expensive homes in India; Mr Mukesh Ambani’s Antilla is located here, making itself one of the posh places in Mumbai. Altamount Road is the best area of Mumbai and is the right choice for you to live in, next to rich and eminent personalities.

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It has been considered one of the best places in Mumbai to live for the accessibility that it offers to its residents. Adding to its charm is that it has a roundabout way away from the always-bustling Peddar Road. Many consulates are located here, and this area is home to several panjandrums, making it to Mumbai’s posh areas list. Check out flats for rent on Altamont Road.

Featuring some of the most wealthy homes in India, including Mukesh Ambani’s Antilla, Altamount Road has an average property price of ₹58100 per sq. ft. The cost of living here begins at ₹1,00,000, and it is characterised by luxury apartments and independent houses in Mumbai’s most affluent area.

Key Details of Altamount Road:

• Connectivity: Altamount Road connects to Nariman Point, Fort, and Bandra Kurla complex. 
• Schools: Popular schools in this area are Wilson College, Bombay Scottish School, St.Mary’s High School and Sophia College.
• Parks: Some parks on Altamount Road are August Kranthi Garden, Baby Garden, and Bal Bhavan. 
• Hospitals: Some major hospitals are Apollo Spectra Hospital, Lilavati Hospital, and Hinduja Hospital. 
• Average Property Price: ₹58100 per sq. ft. 

12. JVPD Scheme, Mumbai

The JVPD Scheme is located close to Juhu Beach, a neighbourhood many Bollywood stars call home. The iconic Prithvi Theatre is also found in this region, with luxurious residential bungalows, buildings and the refreshingly green Kaifi Azmi Park. It puts itself on the list as one of the posh residential regions in Mumbai. It is the best locality in Mumbai, full of trendy restaurants, clubs and cafes, with traffic quite embarrassing. However, you might bump into a celebrity out and about, as this is a popular hangout spot. This part of the town has the trendiest restaurants and salons. If you are experimentative, then there are several authentic vegan restaurants that you can try. Check out flats for rent in Juhu.

A popular neighbourhood among Bollywood stars, JVPD Scheme, has an average property price of ₹39400 per sq. ft. Living costs here start from ₹70,000, and the area features spacious apartments and penthouses in a posh locale.

Key Details of the JVPD Scheme:

• Connectivity: This area has easy access to Juhu Beach. 
• Schools: Popular schools in this area are St.Joseph’s High School, Utpal Shanghvi Global School, and Oes International School. 
• Parks: This area has three major parks: Pushpa Narsee Park, Kaifi Azmi Park, and Juhu Joggers Park.
• Hospitals: Major hospitals in this area are Aparna Clinic, Surya Hospital, Criticare Multispeciality, and Lotus Eye Hospital. 
• Average Property Price: ₹39400 per sq. ft.

Property Pricing Trends in Mumbai 2024

According to recent reports, Mumbai remains one of the most expensive cities in India. In particular, certain areas within Mumbai are known for their exorbitant real estate prices. Let’s take a closer look at the price trends in the costliest areas of Mumbai.

Area	Average Property Price (per sq. ft.)
Altamount Road	₹1,20,000
Malabar Hill	₹90,000
Cuffe Parade	₹85,000
Breach Candy	₹75,000

Mumbai is known for its upscale neighbourhoods, and it’s no surprise that there are plenty of expensive places in Mumbai. The costliest area in Mumbai is Altamount Road, with an average property price of over ₹1,17,000 per square foot. Other regions known for high real estate prices include Malabar Hill, Cuffe Parade, and Breach Candy. To put these prices into perspective, comparing them to the average property prices in Mumbai is helpful. According to a report by Liases Foras, the average property price in Mumbai was around ₹18,000 per square foot. This means that the costliest areas in Mumbai are priced at more than six times the city average. 

It is worth noting that these high property prices are not necessarily indicative of a booming real estate market. According to Knight Frank India report, the real estate market in Mumbai has been experiencing a slowdown in recent years. This is partly due to the economic downturn and uncertainties caused by the COVID-19 pandemic. Despite this slowdown, the costliest areas in Mumbai continue to attract wealthy buyers and investors. In addition to their prime location in Mumbai and exclusive amenities, these areas offer a certain prestige and status for which many buyers are willing to pay a premium. 

Find Your Dream Home in Posh Areas of Mumbai with NoBroker.

Many elements define whether these costly Mumbai areas have the glam factor. Whether they are close to the beach or not, their infrastructure or luxury facilities are available in those areas. Posh areas in Mumbai are some of the most elite areas in the city. If you are a tourist in Mumbai, visit these places to find your niche in the town’s busy life.

https://www.youtube.com/watch?v=C91QF7P6sbA

Now that we have drawn up a list of Mumbai's most expensive areas, you decide where you’d like to live and leave the job of house hunting to us at NoBroker. While most would be happy to have a home in almost any part of this city, few can deny that they’d die to live in one of these ten neighbourhoods. Plus, you get bragging rights as the Mumbai posh area name-dropping relative. Start your search by clicking the link below. 

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