Posh Areas in Mumbai – Top 12 Places to Live in the City of Dreams

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.

1. Bandra Bandstand

Bandra is indeed one of the most happening suburbs located within this city. 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, from your balcony, you shall be able to see landmarks and city attractions like the Bandra Fort and Mount Mary Church. Bandra Bandstand is the home to a lot of celebrities including the superstar Salman Khan residing with his family in the Galaxy Apartments.

The locality is literally above it all – noise and pollution-free, basking in a cool sea breeze. Residents living here also 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.
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Bandra Bandstand, a tranquil suburb and one of Mumbai’s most prestigious localities, boasts an average property price of Rs. 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.

Average property price – Rs. 42,691 per Sq. Ft.

2. Malabar Hill

Malabar Hill is among the best areas to live in Mumbai, located in the South, known for its expensive houses and luxury cars. 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 posh area of Mumbai makes for a picturesque effect for your Instagram posts. The architecture of this place gives makes for a good aesthetic appeal. Check out flats for rent in malabar.

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

Average property price – Rs. 51480 per Sq. ft.

3. Altamount Road

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. Being one of the poshest areas in Mumbai, Altamount Road is the best area of Mumbai and is the right choice for you to live 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 in altamount road.

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

Average Property Price – Rs. 58100 per Sq. ft.

4. Hiranandani, Powai

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.
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Average Property Price – Rs. 75000 per Sq. ft.

5. JVPD Scheme

A neighbourhood that many Bollywood stars call their home, the JVPD Scheme is located closely to Juhu Beach. The iconic Prithvi Theatre is also found in this region, along with luxe 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 being quite an embarrassment, though you might just 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 neighbourhood popular among Bollywood stars, JVPD Scheme has an average property price of Rs. 39400 per sq. ft. Living costs here start from ₹70,000, featuring spacious apartments and penthouses in a posh locality.

Average Property Price – Rs. 39400 per Sq. ft.

6. Pali Hill, Bandra

Named after the endemic 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 Rs. 35970 per sq. ft. The cost of living ranges between ₹45,000 and ₹60,000, with characterful apartments in older buildings amidst trendy cafes.

Average Property Price – Rs. 35970 per sq. ft.

7. Worli Sea Face

Worli Sea Face has some of the highest real estate prices in Mumbai city. Its location is right next to the Worli entrance of the Rajiv Gandhi Sealink, making it 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 Rs. 37013 per sq. ft. Living costs vary between ₹50,000 to ₹70,000, offering apartments with stunning sea views and proximity to the business district.

Average Property Price – Rs. 37013 per sq. ft.

8. Seven Bungalows, Versova

Versova is a posh neighbourhood in Mumbai’s northwestern outskirts. The Versova Fort and the seashore are two of the city’s most well-known features. Versova’s beach just underwent a huge clean-up effort, dubbed the world’s largest 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 Rs. 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.

Average Property Price – Rs. 31610 per Sq. ft.

9. Breach Candy

This high-class area in Mumbai is a seaside neighbourhood of Breach Candy. It is one of South Mumbai’s most expensive locations. Known for its prestigious Breach Candy Club, the only club in Mumbai with a saltwater pool! The Breach Candy Hospital also stands as 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 the most reputed schools and colleges in Mumbai. On the edge of the sea, is the 18th century Mahalaxmi Temple, which commemorates the Hindu goddess of prosperity and knowledge. It is one of Mumbai’s most well-known temples, attracting millions of devotees and tourists each year. Check out flats for rent in breach candy cumballa hill.

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

Average Property Price – Rs. 24140 per Sq. ft.

10. Cuffe Parade

While talking about 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.

Average Property Price – Rs. 48750 per Sq. ft.

11. Tardeo

Altamount Road in Tardeo is an important arterial road in south Mumbai that connects significant commercial locations in the region. This Mumbai luxury area is also home to India’s richest man, Mukesh Ambani. Apart from Ambani’s property, Antilla, which is 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 Rs. 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.

Average Property Price – Rs. 47,786 per Sq. ft.

12. Juhu

Juhu is located in the western suburbs 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, as well as a variety of 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 come with a 6,500 square foot sky deck and are 38,000 square feet in size. The celebrity spent around Rs 67.5 crores for the duplex, which is approximately 27,000 square feet, and Rs 30 crores for the other flat, which is 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 offering a posh living experience.

Property Pricing Trends: The Costliest Places in Mumbai

According to recent reports, Mumbai remains one of the most expensive cities in India to live in. 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	Rs. 1,20,000
Malabar Hill	Rs. 90,000
Cuffe Parade	Rs. 85,000
Breach Candy	Rs. 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 Rs. 1,17,000 per square foot. Other areas that are known for their high real estate prices include Malabar Hill, Cuffe Parade, and Breach Candy. To put these prices into perspective, it is helpful to compare them to the average property prices in Mumbai. According to a report by Liases Foras, the average property price in Mumbai was around Rs. 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. In fact, according to a report by Knight Frank India, the real estate market in Mumbai has been experiencing a slowdown in recent years. This is partly due to the economic slowdown 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 level of prestige and status that many buyers are willing to pay a premium for.

Discover Mumbai’s Posh Areas: Find Your Niche in the City’s Elite Neighborhoods with NoBroker

Many elements define whether these Mumbai costly areas have the glam factor. Whether it is close to the beach or not, its 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, make sure to visit these places to find your niche in the town’s busy life.

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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