The city of Mumbai is a renowned real estate hub that is well-known for its style and social position. This city is more than just India’s financial capital. It has some of the highest-priced real estate marketplaces globally. It’s also a thriving city and a hub for Bollywood, arts, sports, culture, and nightlife. Many posh area in Mumbai offer luxurious living with sea-view apartments and top-notch amenities.
If you’re searching for the top 10 posh areas in Mumbai, this blog covers the best areas with area prices, highlights, and more.
Posh Area in Mumbai: Best Reasons To Buy Property
Premium Facilities
The posh residential areas in Mumbai provide luxurious amenities, like private gyms, pools and concierge services. This means lavish living and justifies the cost of living here.
Prestige and Status
Living in the most expensive areas in Mumbai is often a symbol of luxury. These areas are occupied by celebrities, business tycoons and other wealthy individuals.
Strong Property Value Growth
The Mumbai posh area property rates regularly experience a hike, which makes it an excellent option for long-term investments.
List of Posh Areas in Mumbai
1. Malabar Hill
This is among the posh residential areas in Mumbai, which have the most expensive real estate markets around the globe. This was the area where the trading families resided. You can find the official residence of the Governor and the chief minister of Maharashtra in this posh location. This is also a tourist destination that offers plenty of attractions like Kamala Nehru Park, The Walkeshwar Temple, and more.
Avg Property Price (per sq ft): ₹50,000 to ₹55,000
Highlights & Facilities
- Home to Bollywood stars, industrialists, and politicians
- Has rich cultural and historical legacy
- Attractions: Gateway of India and Marine Drive
- Healthcare: Breach Candy Hospital and Hinduja Hospital
- Education: Queen Mary School
- Residential complexes with CCTV and security
- Upscale dining options
2. Bandra West
This location is popular as a cultural and social hub and is sometimes referred to as the Queen of Suburbs. This is the most expensive area in Mumbai, and it is one of the most fashionable and wealthiest suburbs. You can find trendy cafés, lively vibes, trendy shops, and more at this location. You can spot many celebrities and politicians in Bandra.
Avg Property Price (per sq ft): ₹45,000 to ₹60,000
Highlights & Facilities
- A hub for residential and commercial spaces
- Known as Beverly Hills of Mumbai
- Lively atmosphere at Carter Road and Hill Road
- Historical churches like the famous Bandra Holy Cross Church
- Luxury apartments and high-end bungalows
- Healthcare: Lilavati Hospital
- Peaceful environment with sea views
3. Juhu
This is the next Mumbai posh area name, which lies in the western area and is popular for luxurious living and beachfront lifestyle. The area houses many celebrity residences like Amitabh Bachan and Akshay Kumar. You can find luxury villas and apartments throughout the area. This location is popular among buyers for its quality and beachfront location.
Avg Property Price (per sq ft): ₹40,000 to ₹60,000
Highlights & Facilities
- Sea facing bungalows and high-rise apartments
- Access to business districts like Bandra-Kurla Complex
- Dining options at Aditi Fast Food and Iskcon’s Govinda
- Education: Jai Hind College and The International School of Bombay
- Parks, gyms, and fitness centers
- Safest residential environments in Mumbai
Also Checkout: Most Posh Areas in Delhi
4. Pali Hill
You can call this location the most luxurious posh area in Mumbai, with well-developed and top-notch amenities in the circle. This location links to major employment hubs, and the apartments here offer a majestic sea view. The home-owners love the soothing sea breezes from their balconies.
Avg Property Price (per sq ft): ₹45,000 to ₹65,000
Highlights & Facilities
- Fashionable and vibrant neighborhoods
- Spacious bungalows and heritage homes
- Peaceful location with urban amenities
- Lush green surroundings with several parks
- Trendy cafes and boutique stores
- Education: St. Andrew’s College and Jamnabai Narsee School
- Healthcare: Bhabha Hospital
- Iconic spots like Bandra Fort
- Heightened security and privacy
5. Cuffe Parade
This seaside area is soaring in the market for real estate. This prestigious enclave has stunning views of glistening waters and highlighting developments like the famous Maker Towers. This location majorly attracts diplomats and other dignitaries, and some attractions like Gateway of India add appeal to this posh area in Mumbai.
Avg Property Price (per sq ft): ₹45,000 to ₹50,000
Highlights & Facilities
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- Luxury residences with sea views
- Close to Marine Drive
- South Mumbai posh area
- Celebrities and business tycoons live here
- Well-maintained roads and pedestrian walkways
- Top amenities like swimming pools and gyms
- Attractions: Cuffe Parade Garden and Worli Sea Face
- Luxury living with beautiful views and the fresh breeze
6. Worli
This is a vibrant area with beachfront apartments and luxury living, which sets the bar for the best posh area in Mumbai. You can witness a blend of traditional beauty with modern features at this bustling location. The area has luxury buildings, coupled with the Bandra and Worli sea links, which makes it a picturesque location.
Avg Property Price (per sq ft): ₹50,949 to ₹64,745
Highlights & Facilities
- Worli Sea Face & Sea Link
- Business districts like Lower Parel
- Luxurious residences with Bollywood celebrities and industrialists as neighbours
- Cultural landmarks like NCPA
- Education: The JBCN International School and M.E.S. College
- Dining options at Four Seasons Hotel and ITC Grand Central
- Shopping at High Street Phoenix
7. Tardeo
This location marks the most posh area in Mumbai, with the richest people like Mukesh Ambani residing here. You can find this area on the Southern edge of the Mumbai front with top-notch commercial and residential properties. The best amenities, like schools, healthcare facilities, and trendy restaurants, surround this area.
Avg Property Price (per sq ft): ₹53,357 to ₹67,173
Highlights & Facilities
- Close to the Mumbai Central Railway Station
- Healthcare: Saifee Hospital and Wockhardt Hospital
- Nearby Kamala Nehru Park and Hanging Gardens
- Shopping at Zaveri Bazaar and Fashion Street
- Nearby attractions like Colaba Causeway
- Options for vibrant nightlife of South Mumbai
- 24/7 security and power backup
8. Colaba
This is among the four peninsulas in Mumbai and a few minutes from the famous CSMT station. This posh area in Mumbai offers excellent connectivity by train to other areas of the city. You can find the renowned Kala Ghoda Arts Festival happening at this location every year. You will love to buy property in Colaba because of its vibrant environment, cultural scene, high-end shopping, and luxury choices.
Avg Property Price (per sq ft): ₹44,883 to ₹73,679
Highlights & Facilities
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- Symbol of India’s colonial history
- Posh area in South Mumbai
- Nearby Marine Drive & Promenade
- Nearby luxury hotels like Taj Mahal Palace Hotel and The Oberoi
- Well-connected by public transport
- Healthcare: Saifee Hospital and Bombay Hospital
- Dining options: The Leopold Cafe and Cafe New York
- Well-maintained public spaces and parks
9. Byculla East
This is a historic district of the textile industry in Mumbai that has seen constant growth in real estate in the city. You can see many real estate giants investing in the development of this location, making it among the top 10 posh areas in Mumbai. This area houses many historic and famous attractions of the city and is connected to the expressway to the east.
Avg Property Price (per sq ft): ₹31,831 to ₹65,200
Highlights & Facilities
- Modern high-rise buildings and luxury residences
- Education: Byculla School
- Green spaces like Byculla Garden and Sewri Fort
- Best public transport connectivity
- Accesibile shopping hubs like Colaba and Bandra
- Top-notch restaurants and street food options
- 24/7 water supply and electricity
10. Versova
This is the posh area in Mumbai to live in a neighborhood full of greenery and bordered with mangroves and wetlands. You can find this trendy location on the northern outskirts of this city, which houses the stunning Versova Fort and the seashore. This place is also home to Bollywood celebrities like Sushmita Sen, Arshad Warsi, and more.
Avg Property Price (per sq ft): ₹45,000 and ₹60,000
Highlights & Facilities
- Coastal vibe with high-end residential complexes
- Nearby Versova Beach
- Attracts celebrities and business tycoons
- Peaceful environment with less congestion
- Upscale restaurants and eateries
- Education: Versova’s St. Xavier’s High School
- Gated communities
- Surrounding green spaces and gardens
Conclusion
The top posh area in Mumbai offers a fantastic option for investors who want to purchase a luxury home in the city. You can take part in a bank auction to purchase properties and get lower rates for properties located in these posh residential areas in Mumbai.
Before investing in a property auctioned by a bank, make sure you do thorough research on the background of the property and its legal status. You must understand the bank’s terms and learn the bank’s auction process.
These tips will help you get a property in Mumbai’s posh area that is better than the market prices.
FAQs
Which is the most posh area in Mumbai?
The most posh area in Mumbai is typically considered to be Bandra West, Pali Hill, and Malabar Hill for its high-end residences, proximity to major landmarks, and luxury living.
Where is the richest place to live in Mumbai?
The rich and posh area in Mumbai to live in is Tardeo in South Mumbai. This area houses luxury residences, with famous Antilia, and is among the most expensive locations in the city.
Where do most celebrities live in Mumbai?
The celebrities in Mumbai mostly reside in posh areas like Bandra, Juhu, and Pali Hill. These locations are popular for lavish properties and high-rise apartments, and they are near the entertainment industry.
Which is the billionaire area in Mumbai?
The billionaire posh area in Mumbai is Pali Hill and Juhu, where you can find the most expensive private residential complexes and villas. This is an area known for its luxury houses and is considered among the most expensive areas in Mumbai.
What is the highest flat rate in Mumbai?
The Mumbai posh area property rates are high in areas like Malabar Hill and Bandra. The reasons include the luxurious properties and high-valued apartments here.
Why is Bandra so expensive?
The posh area in Mumbai, like Bandra, is popular for its prime location and closeness to the Arabian Sea. This is a location that houses wealthy and famous individuals.
