The most costly locations in Mumbai are areas like Malabar Hill, Cuffe Parade, Juhu, Bandra, and Worli, where real estate costs between Rs 30,000 and Rs 60,000 per square foot. Among them, Worli and Malabar Hill are known for having the highest flat rate in Mumbai, drawing high-net-worth individuals and luxury investors.
Mumbai Highest Property Rate in Which Locations?
The 2 location that tops the list are:
Worli
Record prices have been set in Worli via historic deals;
Leena Tewari of USV Pharmaceuticals paid Rs. 639 crore, plus Rs. 31.95 crore in stamp duty, on May 28, 2025, for two duplex sea view flats in the Naman Xana building.
Uday Kotak's family previously paid Rs. 424.24 crore for 23 flats in Shri Shiv Sagar CHS, with the highest price being Rs. 2,89,855 per square foot.
Malabar Hills
Premium prices are also charged for luxury apartments in Malabar Hill. Shailendra Hemchand, for example, paid Rs. 54 crore, or Rs. 2,00,671 per square foot, for an Ashford Apartments property in March 2021.
These numbers highlight the dominance of Worli and Malabar Hill in Mumbai's ultra-luxury market.
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I have been dealing with properties in Mumbai for the last 20 years, and I think I am qualified enough to answer this question. Over the last few years, property rates in Mumbai have increased exponentially. But in some areas the rates are much higher compared to the others. I have added a table below that will provide you with the information of the highest property rate in Mumbai.
What is the Mumbai Highest Property Rate?
According to my knowledge, these are the property rates in Mumbai. I have arranged the rates from lowest to highest according to their starting price.
| Locality | Property Rates (Rs.) |
Goregaon |
10 Lakhs to 15 Crore |
Versova |
12 Lakhs to 14 Crore |
Bandra |
13 Lakhs to 37.83 Crore |
Worli |
14 Lakhs to 30 Crore |
Malad |
15 Lakhs to 6.5 Crore |
Powai |
15 Lakhs to 8.5 Crore |
Colaba |
15 Lakhs to 16 Crore |
Malabar Hill |
18 Lakhs to 25 Crore |
Parel |
27 Lakhs to 30 Crore |
When it comes to the highest land rate in Mumbai, Parel tops the list as the area with the highest property rate. But in terms of the final price, Bandra is the highest.
And that is all I can tell you about the highest property rate in Mumbai. I hope this information has been of help to you.
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Where is the Highest Property Rate in Mumbai?
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2024-06-28T13:51:00+00:00 2024-06-28T13:51:00+00:00Comment
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