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Top 20 New Residential Projects in Colaba, Mumbai

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About Colaba, Mumbai

Colaba has a seaside promenade and is a part of old Mumbai with an affluent neighbourhood. It is a mixture of historic monuments, art galleries, street markets, and eateries and offers a wide selection of real estate. Taj Mahal Palace Hotel, Gateway of India, Mumbai Urban Art Festival, National Gallery of Modern Art (NGMA), and Colaba Causeway are prominent landmarks in Colaba.

Having a strategic location, Colaba offers access to several gated communities, commercial establishments, various educational institutes, top-quality healthcare facilities and quite a few recreational. The limelight of Colaba is the old cafes and modern restaurants—Leopold Cafe, Cafe Churchill, Bagdadi Restaurant, Delhi Darbar, and The Table.

For better housing options, Colaba offers a mix of apartments with different sizes. A few residential projects in Colaba are Bredco Harbour Heights, Usha Sadan Apartment, Lovedale Apartments, Sneha Sadan Apartments and Clover Apartments

Why Should You Invest in Colaba?

The new and upcoming developmental projects with luxury apartments make Colaba a desirable investment location. Some upcoming developmental projects in Colaba are HBS Marineview, One Marina, Lodha Seaview, Fairdeal Ocean 360, and more. The new development will increase the demand for property, making them more pricy in the future, so buying one now and later renting it out or selling it after few years is a wise option as a high-profit return is inevitable.

Colaba is an up-and-coming area that perfectly balances urban and social lifestyles. There is an ample supply of civic amenities, along with a well-developed social infrastructure and proximity to commercial and employment hubs. Furthermore, the excellent road and rail connectivity (CST and Mumbai Central Railway Station) is easy and quick to all the popular locations and a great mode of transportation for all residents.

Price Trend of Colaba

Here is statistical data to understand the price trend in Colaba:

Year (April-June) Price/Sq ft
2018 Rs. 49,250
2019 Rs. 50,700
2020 Rs. 47,000
2021 Rs. 44,000
2022 Rs. 44,350
2023 Rs. 48,500

Disclaimer: All the prices mentioned above are based on the data collected from different sources and do not reflect the actual price. The above-listed price may vary per the developer, location, and amenities.

Top 5 Reasons to Invest in Colaba

1: Easy Connectivity

Colaba has various well-developed roads, a local train network, and bus, auto and metro services to the neighbouring localities. These routes seamlessly connect to various parts of the city, providing quick and easy transportation.

  • Colaba is 27 km from Chhatrapati Shivaji Maharaj International Airport.
  • Churchgate railway station is just 4.2 km distance from Colaba.
  • Chhatrapati Shivaji railway station is 5.0 km distance from Colaba
  • Mumbai Metro Line 3 trains will run between Colaba-Bandra-SEEPZ Line

2: Sophisticated Social Infrastructure

Colaba offers various esteemed schools and colleges, top-quality hospitals, highly rated restaurants and recreational places. Some of these social infrastructures are:

Educational Facilities Healthcare Facilities Recreational Zones
Scholar High School Richfeel Trichology Center Colaba Causeway
Holy Name High School Apollo Clinic The Table restaurant
Kendriya Vidyalaya No.3 Dr. Ankur Phatarpekar Colaba Woods Garden
St. Joseph's High School Blessings Well-being Clinic Metro Plaza

3: Investment Potential

Colaba has various residential properties ranging from affordable to posh luxury apartments, and the growth rate for these has seen a slow but steady rise owing to the demand in the area.

The apartment price in Colaba surged by 0.0 % in the last 1 year, -5.8 % in the last 3 years, -8.4 % in 5 years and 2.1 % over 10 years.

4: Job Opportunities

Colaba is an ideal location for job seekers and working individuals. Young graduates and homemakers can find various job opportunities due to the high demand for working professionals.

Following are the some office centres in Colaba are:

  • The World Trade Center
  • DBS Business Center
  • Tata Nexarc Business Hub
  • Apeejay Business Center

5: Top Projects with Renowned Developers

Many luxury apartments and flats in Colaba offer some of the best amenities and facilities. Some of them are listed below:

  • Sunteck Sky Park by Sunteck Realty Limited
  • Earth Anand by Earth Graphics
  • Aplite Greenstone Heritage by Aplite Group
  • HBS Marine View by HBS Realtors
  • Windsor House by a Reputed Builder
  • Earth Baug by Earth Builders Mumbai

FAQs

What is the PIN code of Colaba?

The PIN code of Colaba is 400005, one of the four peninsulas of Mumbai.

What is Colaba famous for?

Colaba is famous for its high-class fashion boutiques, markets, eateries, tourist attractions and art centres. Popular restaurants in Colaba are Smoke House Deli, Colaba Social, Leopard Cafe, Olympia Coffee House, and more. Additionally, the Causeway market is an excellent attraction for females.

Tourist attractions in Colaba are the Gateway of India, Colaba Causeway, Sassoon Dock Cathedral of the Holy Church, etc.

Is Colaba a good place to live?

Colaba offers a wide range of residential and commercial properties and affordable rates. Moreover, the connectivity and access to other parts within and nearby Colaba reduce commute time. A great social infrastructure and excellent social and civic amenities are available—St. Joseph High School, Kendriya Vidyalaya No. 2, Army Public School, etc., offers top-class education. Adding on, in case of any medical emergency, Apollo Clinic, Kalajot Hospital, and Anjali Mukerjee Health Total are some healthcare facilities close by,

The proximity of Colaba's industrial and business hubs, such as the World Trade Center, DBS Business Center, Business Today, and Tata Nexarc makes Colaba a prominent place to inhabit and explore

What is the cost of living in Colaba?

For 1 BHK, the rent in Colaba is approximately ₹30 k - ₹50 k, for 2 BHK, it's ₹50 k - ₹90 k, and for 3 BHK, it's ₹90 k - ₹1.3 Lac.

What are the current development projects in Colaba?

Some of the top current development projects in Colaba are mentioned in the table below:

  • Passcode Sea And Believe in Colaba
  • Sheth One Marina in Colaba
  • Ruparel Westsky in Colaba

What is the future of Colaba?

Colaba is expected to see a rise and surge in property prices. The popularity, connectivity and social infrastructure make Colaba a one-of-a-kind place. Furthermore, its affordability to the lower and middle class makes Colaba a preferred option for investment and buying. Upcoming projects are Ajanta Apartments, Swastik Court, Vasant Vilas Apartment, Prince Court, Clover Apartments, Sea Wind etc

What are the top schools in Colaba?

  • Holy Name High School
  • St. Joseph High School
  • Scholar High School
  • Convent of Jesus and Mary School
  • Kendriya Vidyalaya No. 2
  • Navy Children School
  • Army Public School

What are the best hospitals in Colaba?

  • Apollo Clinic
  • Kalajot Hospital
  • Mehta International Eye Institute
  • Anjali Mukerjee Health Total
  • HEAL Institute
  • Healthspring Clinic
  • Dr. Keiki Mehta Eye Hospital
  • Health Plus

What are the top restaurants in Colaba?

  • The Table
  • Bagdadi Restaurant
  • Delhi Dabar
  • Cafe Churchill
  • Smoke House Deli
  • Colaba Social
  • Jia the Oriental Kitchen
  • Ideal Restaurant
  • Kitchen Garden Colaba

What are the top petrol stations in Colaba?

  • HP Fuel Station
  • Colaba Petrol Pump
  • Bharat Petroleum Fuel Station
  • Gateway Auto Services
  • Focus Overseas Energy Ltd - Focus Energy Ltd
  • Naval Petrol Pump

What are the top gyms in Colaba?

  • Way to Fitness
  • Ares Gym - Available on Cult. fit
  • Midtown Fitness
  • J-Walk Fitness Gym
  • Insane Fitness
  • AshuB Fitness India LLP

What are the top shopping malls in Colaba?

  • Metro Plaza
  • Taj Shopping Arcade
  • Akbar Plaza
  • Tripti Shopping Center
  • Lucky Reem
  • Shalimar Shopping Centre

What are the top hotels in Colaba?

  • Colaba Suites
  • Carlton Hotel
  • FabExpress Colaba Grand
  • The Taj Mahal Palace
  • Taj Mahal Tower
  • Hotel Harbour View
  • Fariyas Hotel

What are the best parks in Colaba?

  • Colaba Woods Garden
  • Razia Park
  • Coconut Garden
  • Cuffe Parade Park
  • Tulip Park

What are the top attractions in Colaba?

  • Gateway of India
  • Chhatrapati Shivaji Maharaj Statue
  • Colaba Causeway
  • Mumbai Urban Art Festival
  • Sassoon Dock
  • Queen's Necklace - Marine Drive
  • National Gallery of Modern Art (NGMA)
  • Cathedral of the Holy Name
  • Indian Museum Ship

How many 1 BHKs are available in Colaba?

3 1 BHK flats are available in Colaba, including furnished and unfurnished.

How much does a 1 BHK cost in Colaba?

1 BHK in Colaba costs in the range of ₹1.80 Cr - ₹2.20 Cr.

What is the average size of a 1 BHK in Colaba?

The average size of a 1 BHK in Colaba is 400 sq.ft. - 600 sq.ft.

What is the rent of a 1 BHK in Colaba?

The rent of 1 BHK in Colaba lies in the range of ₹30 k - ₹50 k.

How many 2 BHKs are available in Colaba?

2 2 BHK flats are available in Colaba.

How much does a 2 BHK cost in Colaba?

2 BHK in Colaba costs in the range of ₹2.60 Cr - ₹4.60.

What is the average size of a 2 BHK in Colaba?

The average size of a 2 BHK in Colaba is 600 sq.ft. - 900 sq.ft.

What is the rent of a 2 BHK in Colaba?

The rent of 2 BHK in Colaba lies in the range of ₹50 k - ₹90 k.

How many 3 BHKs are available in Colaba?

3 3 BHK flats are available in Colaba.

How much does a 3 BHK cost in Colaba?

3 BHK flats in Colaba cost in the range of ₹4.97 Cr - ₹9.60.

What is the average size of a 3 BHK in Colaba?

The average size of a 3 BHK in Colaba is 900 sq.ft. - 1200 sq.ft.

What is the rent of a 3 BHK in Colaba?

The rent of 3 BHK in Colaba lies in the range of ₹90 k - ₹1.3 Lac.

How many 4 BHKs are available in Colaba?

1 4 BHK flats are available in Colaba.

How much does a 4 BHK cost in Colaba?

4 BHK flats in Colaba cost in the range of ₹10.11 Cr - ₹19.60 Cr.

What is the average size of a 4 BHK in Colaba?

The average size of a 4 BHK in Colaba is 1200 sq.ft. - 1800 sq.ft.

What is the rent of a 4 BHK in Colaba?

The rent of 4 BHK in Colaba lies in the range of ₹1.3 Lac - ₹2.2 Lac.

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