Hydra Alhambra

Peddar Road is an ultra-premium residential locality in South Mumbai, bordered by Malabar Hill and Tardeo. The pin code of Peddar Road is 400026. This elite neighbourhood houses high-net-worth individuals and features landmarks like the Jaslok Hospital. Residents send their children to Villa Theresa High School and visit Breach Candy Hospital. Grant Road Metro Station on Aqua Line 3 is the nearest metro station at 1.5 km. Gopalrao Deshmukh Marg links the area to Grant Road Railway Station, a 10-minute drive away. In 2026, average property rates range from Rs. 70,000 to Rs. 95,000 per sq ft for luxury apartments. High demand is driven by the prestigious address, sea views, and limited land supply.

What's Good in Peddar Road

• Jaslok Hospital on Peddar Road provides top-tier medical care within walking distance.
• Villa Theresa High School offers excellent education options for children in the locality.
• Grant Road Railway Station is just 2 km away for quick local train travel.
• Heera Panna Shopping Centre nearby provides easy access to retail and electronics.
• The upcoming Mumbai Coastal Road will reduce travel times to Worli significantly.

Why Should One Buy Property in Peddar Road mumbai

• High capital appreciation is expected near the upcoming Mumbai Coastal Road project.
• Premium apartments on Altamount Road command exceptionally high rental yields for investors.
• Limited land supply in South Mumbai maintains long-term value retention for buyers.
• Grant Road Metro Station nearby increases the future valuation of local properties.
• Properties near Breach Candy Hospital enjoy constant demand from medical professionals.

Why Should One Rent a House in Peddar Road mumbai

• Tenants enjoy quick access to Jaslok Hospital for immediate healthcare needs.
• Families get easy admission options at the nearby Villa Theresa High School.
• Tenants save travel time to Nariman Point business hub using local roads.
• Residents can walk to Heera Panna Shopping Centre for daily retail needs.
• Living near Girgaon Chowpatty offers excellent weekend recreation options for local families.

Peddar Road remains one of the most expensive residential destinations in South Mumbai. Property buyers can expect purchase prices ranging from Rs. 70,000 to Rs. 95,000 per square foot. The sales market experienced a minor price depreciation of 4.1% over the past year due to limited new launches. Meanwhile, the rental market has remained highly stable with zero percent growth. Monthly rental values for premium apartments range from Rs. 80,000 to Rs. 2,500,000 depending on the configuration. High-net-worth individuals continue to drive demand for these exclusive sea-view properties. (* As of August 22, 2026)

Here are some of the important landmarks holding historical and cultural importance:

• Girgaon Chowpatty: This historic sandy beach is located a short drive from Peddar Road. Visitors gather here in the evenings to enjoy local street food like bhel puri and watch sunsets over the Arabian Sea. It is also the primary site for Ganesh Visarjan celebrations in South Mumbai.
• Babulnath Temple: This ancient temple dedicated to Lord Shiva sits on a small hillock near the locality. Devotees climb the stone steps or use the elevator to offer prayers and perform rituals. The temple architecture features intricate stone carvings that attract history enthusiasts.
• Mani Bhavan Gandhi Sangrahalaya: This historic building served as Mahatma Gandhi's headquarters in Mumbai between 1917 and 1934. It now houses a library, a photo gallery, and preserved personal items belonging to Gandhi. Visitors can explore the room where he lived and worked.
• Hanging Gardens: Located nearby on Malabar Hill, these terraced gardens offer beautiful views of the Arabian Sea. The park features animal-shaped hedges, a prominent flower clock, and walking paths for morning joggers. Families visit the gardens for quiet evening strolls and photography.
• Heera Panna Shopping Centre: This iconic shopping arcade is famous for its collection of electronics, perfumes, and imported goods. Shoppers visit the air-conditioned stalls to bargain for mobile accessories, watches, and designer apparel. It has been a popular retail landmark in the area for decades.

Jaslok Hospital is a prominent landmark in Peddar Road. Some more include:

• Breach Candy Hospital
• Villa Theresa High School
• Sophia College for Women
• Cadbury House
• Gamdevi Police Station
• Stephen's Church

Road Connectivity

Peddar Road is well-connected through Gopalrao Deshmukh Marg and the following roads:

• Gopalrao Deshmukh Marg
• Bhulabhai Desai Road
• Altamount Road
• Babulnath Road
• Maharshi Karve Road

Public Transport

Grant Road Metro Station on the Aqua Line 3 is the closest public transit option, located 1.5 km away. Some more include:

• Mumbai Central Metro Station, Aqua Line 3, 2.5 km
• Grant Road Railway Station, Western Line, 2 km
• Mumbai Central Railway Station, Western Line, 2.5 km
• Peddar Road Bus Stop
• Jaslok Hospital Bus Stop
• Breach Candy Hospital Bus Stop

Proximity to Airport and Railway Station

The nearest railway station and airport are Grant Road Railway Station, which is located 2 km away, and others:

• Chhatrapati Shivaji Maharaj International Airport, 18 km
• Mumbai Central Railway Station, 2.5 km
• Chhatrapati Shivaji Maharaj Terminus, 7 km