Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Expensive Localities: Mumbai is the financial and the entertainment capital of India. More than 20 million people reside in this city, which has energy like no other city in the country. Thousands visit this city, in order to make it big in their lives! Activities and events happening at some place or another on a daily basis, an amazing night life, and the true Mumbaikar spirit prevalent amongst the people staying here, make this city worth living, in all aspects!

With so many people residing in Mumbai and more flocking the city on a daily basis, the cost for residing in Mumbai always demands a premium. Finding a flat on rent in Mumbai is rewarding but it takes a toll on an individual’s mental strength. Being such a vast city, the most important factor in deciding while selecting a place of residence is proximity to the work place. To have your work cut out, read below for the top 10 places to reside in Mumbai-

1. Bandra

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

The Queen of Suburbs, as it is known as, Bandra, is one of the most popular places in Mumbai. Home to some of the most popular actors and actresses of Bollywood, Bandra is a very lively place in Mumbai. The suburb houses a variety of restaurants, cafes and discotheques. Linking Road and Hill Road are a shopper’s delight. Forever buzzing with life, Bandra, is a definite crowd puller.

2. Andheri

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

The largest suburb of Mumbai, Andheri, is home to a large number of shopping malls, restaurants and a series of residential complexes. The Andheri train station is one of the busiest stations in the city. Many firms and business processing centers have opened up in the Chakala area of Andheri, in recent years. Over and above, Andheri is a great place to live in, and individuals who prefer the fast paced life are sure to love it.

3. Juhu

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Located towards south of Andheri is Juhu. The Juhu beach is extremely famous and it is flocked by everyone who visits the city. The residential rates in Juhu are on the expensive side as it is a prime location in the city.

4. South Mumbai

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

South Mumbai or ‘SoBo’, is one the most expensive real estate market not just in India, but globally as well. Places like Cuffe Parade, Napean Sea road, Peddar Road are known globally for their sky high property rates. South Mumbai is a favorite amongst the extremely affluent individuals who are ready to spend a fortune to own a house in this area.

5. Powai

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Situated on the banks of Powai Lake, this place has gained a lot of followers owing to the sprawling Hiranandani complex. It is a very meticulously planned township, with hospitals, schools and playgrounds. Powai is usually the preferred place for expats coming to Mumbai.

6. Goregaon

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

With property rates touching new highs every day, Goregaon is one such place which offers affordable housing to many. If you are looking for a flat on rent in Mumbai with good connectivity to other parts then Goregaon is a good choice. Connectivity through the Link road and the Western Express Highway, concretisation of roads and various factors make Goregaon a key residential area of Mumbai.

7. Navi Mumbai

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Navi Mumbai is planned township developed by CIDCO. Navi Mumbai has seen tremendous growth in the infrastructure and plush residential societies. Colleges, IT companies, malls are at a person’s beck and call in Mavi Mumbai. Panvel, Vashi, Ulwe are some of the popular residential areas in Navi Mumbai.

8. Worli

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

It is one of the islands that constitutes to the city of Mumbai. From being a fishing village to being one of the most sought after posh residential area, Worli as seen the biggest transformation. DB Realty, Lodha Group, Akruti area some of the builders who have contributed to the development of this area.

9. Lower Parel

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Just a stone’s throw away from the posh Worli area is Lower Parel. The USP of this area is that in the last 5 years or so, it has seen top notch builders taking projects in an attempt to change the city’s skyline. With various companies having their franchisee offices set up in Lower Parel, and affordable exclusive housing prominent here, it is a real estate market bubble just waiting to burst!

10. Chembur

Expensive Localities: Top 10 Most Expensive Localities of Mumbai

Chembur, located on the harbor line, has witnessed vast improvements in terms of infrastructure and residential spaces. According to a report, it is listed as the third residential destination in Mumbai to invest in for the next years. Living in Mumbai, is definitely an adventure in itself. With everyday improving infrastructure and builders taking up projects in every part of the city, Mumbai, is sure to be a great place to reside!

Source: grabhouse.com

By Mumbaimylove

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