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Premium Residential Locations in Mumbai

07 Apr 2020

Mumbai which is also called as Bombay is the capital city of the Indian state of Maharashtra & also famous for its lavish and beautiful places.Soon as Mumbai Metro to be game changer for Mumbai Real Estate Sector so property buyers wish will come true as it will help them to reach their destination and working place in short time with good speed and with comfort. This has motivated the Real Estate sector as it is known for its most demanding property market. 

As a result property buyers' demand has changed now and their expectations for premium properties have increased rapidly. Mumbai Metropolitan Region contributes around 25% of total supply across top metro cities.

In Mumbai, as the rates of properties are high, but still there are some specific locations such as Worli, South Mumbai, Juhu, Bandra and Lower Parel, etc which can be considered as the best investment for real estate. This is the main reason for Mumbai to be called as the best investment for real estate. These places are the ones with good amenities and connectivities like perfect schools and colleges, supreme restaurants and hotels, and the most excellently best residential projects . According to the Real Estate Regulation & Development Act 2016, if anyone who is willing to invest property in Mumbai has become less risky as the real estate sector is now supervised.

 Below are the list of top 5 locations of Mumbai with perfect real estate prices:


1. South Mumbai:

South Mumbai is known as the most precious and charming place of the city. In South Mumbai, there are best properties and even most costliest property that is “Antilia” that is owned by Mr. Mukesh Dhirubhai Ambani which is worth Rs 10,000 crores. In Mumbai real estate in this location is not costly but at international level. Mostly, Non-Resident Indian and property buyers consider investing in this location because of its best amenities and lavish properties. South Mumbai has most prestigious schools such as The Cathedral & John Connon School, JB Petit, Campion, Bombay International, St Mary's I.C.S.E. etc.


2. Juhu:

Juhu is a lavish and precious place in Mumbai. It is popular for its beach that is called “Juhu Chowpatty”. Many Bollywood celebrities have purchased properties in this location to enjoy its luxurious and premium zone. In Juhu, demand for property is always at top because of its best connectivity to other parts of Mumbai. Fancy duplex flats are mostly found in this location.                          

 

3. Bandra:

Bandra is usually called the Queen of the Suburbs and with good cause. It is connected with western suburbs in Mumbai. It is also famous for street shopping at Linking road and Hill road. In Bandra, there are best properties and even most costliest property that is “Mannat” owned by Shah Rukh Khan, an Indian actor. It has good connectivity as well and is famous for restaurants and pubs also. Bandra has now become the best investment  property location.

 

4. Worli:

Worli is located in South Mumbai city and known for its good connectivity. Most property buyers wish to buy property in Worli because of sea facing houses and high quality properties.There are many developers who are planning to build residential projects in this area because of its high demand. Worli lies between Nariman Point and BKC and as a result gives good connectivity to both as it is an important business district. Worli is also famous for its restaurants & nightlife.


5.  Lower Parel:

Lower Parel is called as the most important location of Mumbai. It is a high class location and surrounded by other luxurious places. In lower parel, business hubs and important offices are located.This is the reason lower parel is known for its beauty and classy area.

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Top preferred locations in Mumbai region by Home Buyers are as below:

South Mumbai - Worli, Mahalaxmi, Byculla, Marine lines, etc.

Central Mumbai - Dadar, Powai, Ghatkopar, Mulund, Thane, Vikhroli, etc

Western Suburb - Bandra, Borivali, Kandivali, Malad, Goregaon, Andheri, etc

Navi Mumbai - Airoli, Chembur, Vashi, Ghansoli, Koparkhairne, etc

Outskirts of Mumbai - Kalyan, Dombivali, Virar, Panvel, etc

 

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