About

Mumbai (formally known as Bombay) is the capital city of Maharashtra, the center of the Mumbai Metropolitan Region. It lies on the Konkan coast on the west coast of India and has a deep natural harbor. It covers a region of 6,328 square kilometers and is the most populous city in India, with an estimated population of 23 million.

In 2008, Mumbai was named an Alpha World City. It is referred to as India's financial, commercial, and entertainment capital. The city houses important financial institutions, including the Bombay Stock Exchange (BSE) Reserve Bank of India (RBI) and the corporate headquarters of Indian companies and multinational corporations.

Mumbai is dotted with Bollywood and Marathi cinema industries. Furthermore, it is the wealthiest city in India, with the highest number of millionaires and billionaires among all cities in India.

Why Buy Flats/Apartments in Mumbai?

Being the famous city of dreams, the flats in Mumbai are always in demand and are currently on the rise, presenting promising opportunities for profitable returns. Property in Mumbai offers you an exceptional urban living experience.

Luxury developments in Mumbai offer a wide range of premium amenities and facilities, such as state-of-the-art security systems, recreational areas, gyms, swimming pools, and landscaped gardens. These additional features drive up property prices.

With the option of local trains, metro, buses such as MMT, TMT, NMMT, and other AC buses, taxis, etc., Mumbai is well connected to other parts of the city and parts outside the city.

Investment Trend in Mumbai

While considering the diverse housing options, top-tier infrastructure, and sound connectivity, Mumbai has emerged as the most desirable neighborhood for residential and commercial investments.

The property prices in Mumbai have always been 40-45% higher than in any other tier-1 city. In the past 2 years, Mumbai has witnessed a surge in property price and demand.

Sqft Prices for Top 20 Areas in Mumbai

Here is the price list for some of the top areas in Mumbai:

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Mumbai's Real Estate Landscape

Mumbai is the dream destination for real estate investments at sound rates. Investors define Mumbai as a "Dynamic Real Estate Market".

Mumbai houses the highest number of billionaires and millionaires in the country, making the city the wealthiest. It is the home to the most expensive house in India, named Antilia, the official residence of Ambani. Leading Developers like Rustomjee, Lodha, Runwal, Piramal Realty, CGHS Group, and Ekta World are operational in the city.

South Mumbai

South Mumbai is the southernmost precinct of Mumbai, dotted with areas like Colaba, Nariman Point, Malabar Hills, Marine Lines, Tardeo, and Mahalaxmi. It is the most affluent residential neighborhood in the city, housing the residences of major industrialists like Adi Godrej, Cyrus Broacha, and Ashish Pandey.

The official residences of Maharashtra's chief minister and Governor are located here. Some of the top projects in South Mumbai are Primal Mahalaxmi, Lodha Bellevue, Rustomjee Crown and Lodha Adrina.

Western Suburbs

The Western Suburbs of Mumbai consist of Andheri, Bandra, Borivali, Dahisar, Goregaon, Jogeshwari, Juhu, Kandivali, Khar, Malad, Santacruz and Vile Parle. River Mithi flows through this area and also serves as a sewage line.

The top projects in the Western suburbs of Mumbai are The Meridian Towers, Velentine Apartment, Courtyard, and Lodha Woods.

Eastern Suburbs

East Mumbai consists of Bhandup, Ghatkopar, Kanjurmarg, Kurla, Mulund, Nahur, Powai, Vidyavihar and Vikhroli.

Wadhwa The Address, Terraform Dwarka, Kalpataru Aura, MICL Aaradhya Nine, and Runwal Orchard Residency are among the several high-rise residential developments in the Eastern suburbs of Mumbai.

Harbour Route

The Harbour Route of Mumbai consists of the suburbs of Kurla, Vidyavihar, Ghatkopar, Vikhroli, Kanjur Marg, Bhandup, Mulund, Powai, Chembur, Mankhurd, Govandi and Trombay.

Some of the residential projects in the harbor route of Mumbai are Lodha Bellagio, Raunak Centrum, Crescent Silverwoods, and Ostwal Heights.

Latest Real Estate Trends in Mumbai

Being a real estate hotspot, Mumbai is one of the few cities with the maximum attention of investors and homebuyers throughout the year.

The price rates for properties in Mumbai have increased to 4-5% in the last 1 year. The sales transactions in the last 1 year were approximately 117,000, which led to a Gross Sales Value of around Rs. 123,100 Cr. The current average price rate of the properties in Mumbai is Rs. 20,000 per sqft.