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Colaba is a historic coastal residential locality in South Mumbai, bordering Cuffe Parade and Nariman Point. The pin code of Colaba is 400005. This heritage neighborhood houses defense personnel, business families, and expats near the Gateway of India. Families here send children to B.D. Somani International School and visit INHS Asvini hospital. The upcoming CST Metro Station on Aqua Line 3 is located four kilometers away. Key roads like Shahid Bhagat Singh Road link residents to Churchgate Railway Station in ten minutes. Average property rates range from Rs. 50,000 to Rs. 80,000 per sq ft for apartments, driven by high rental demand. This area remains highly sought after due to its unique colonial charm and seaside views.
| Locality | Property Price per sq ft* |
|---|---|
| Colaba mumbai | Rs. 50,000 to Rs. 80,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 45,000 to Rs. 65,000 |
| 2 BHK for rent | Rs. 75,000 to Rs. 1,20,000 |
| 3 BHK for rent | Rs. 1,30,000 to Rs. 2,50,000 |
Colaba property market shows distinct trends for buyers and renters. The average purchase price ranges from Rs. 50,000 to Rs. 80,000 per sq ft. Buyer values faced a minor depreciation of 6.8% over the past year. Conversely, the rental market remains highly active. Monthly rental rates range between Rs. 45,000 and Rs. 2,50,000. Rental values experienced a significant appreciation of 15.1% due to limited housing supply. This makes the area highly lucrative for landlords seeking consistent yields. Demand is driven by corporate executives and defense personnel wanting premium South Mumbai addresses. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Gateway of India is a prominent landmark in Colaba. Some more include:
Colaba is well-connected through Shahid Bhagat Singh Road and the following roads:
CST Metro Station on the Aqua Line 3 is the closest public transit option, located 4 km away. Some more include:
The nearest railway station and airport are Churchgate Railway Station, which is located 3 km away, and others:
Colaba is well-equipped with numerous top educational institutions, such as B.D. Somani International School and G. D. Somani Memorial School, along with:
Some reputed healthcare places near Colaba include INHS Asvini, and others:
You can access Colaba Causeway Market and Metro Plaza easily from Colaba mumbai. Some more include:
These localities are located around Colaba:
Here are some of the major employment centres near Colaba:
The popular landmarks within Colaba are:


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