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Top 21 New Residential Projects in Peddar Road, Mumbai

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About Peddar Road, Mumbai

Peddar Road is an iconic road stretch that begins at the well-known intersection of Kemp Corner and extends down Cumballa Hill, South Mumbai. It connects eminent areas like Haji Ali, Altamount Road, Grant Road, Tardeo and Malabar Hill.

Named after the social activist and first Mayor of Bombay after India's Independence, Dr. Gopalrao Deshmukh, Peddar Road is also known as Gopalrao Deshmukh Marg.

Peddar Road is famous for its Hanging Gardens, a major tourist attraction on Malabar Hill. It's a picnic spot, which makes it a prominent place for families. The area's proximity to other notable landmarks like Haji Ali Dargah, Worli Sea Face and Mahalaxmi Racecourse enhances its visibility and demand in Mumbai's dynamic real estate market.

With leading commercial centres and dominated by 3-BHK, Peddar Road satisfies the needs of upper-middle-class and middle-class buyers.

Why Should You Invest in Peddar Road?

Peddar Road is an esteemed and well-established location with proximity to prestigious areas like Worli, Tardeo, Grant Road, Haji Ali, Mahalaxmi, and Malabar Hill, which makes it a sought-after residential and commercial hub.

Due to its premium location, the supply of available properties is often limited. Limited supply combined with consistent demand drives property prices higher. The area's real estate tends to hold its value well over time due to its prime location and limited available space. Demand for properties in Peddar Road remains steady, making it potentially profitable in the long run.

Price Trend of Peddar Road

Here is the statistical data of price trends in Peddar Road, Mumbai:

Year Average Price per/Sqft.
2019 Rs. 63,500
2020 Rs. 60,750
2021 Rs. 60,300
2022 Rs. 60,300
2023 Rs. 65,000

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 Peddar Road

1: Prominent Location and Connectivity

Peddar Road is located near Warden Road, Cumballa Hill and connects Babulnath in the North to Kemps Corner in the South.

Here are some of the transportation hubs near Peddar Road:

  • Mumbai Central Railway Station is 2.4 km via Peddar Road and Tardeo Road.
  • Chhatrapati Shivaji Maharaj Railway Terminus is 6.2 km via Chowpatty Seaface and Netaji Subhash Chandra Bose Road.
  • Chhatrapati Shivaji Maharaj International Airport is 17.3 km via the Bandra - Worli Sea Link and Western Express Highway.

Pedder Road is also well served by public transportation like local buses, taxis and auto-rickshaws, which provide easy commuting in various parts of the city.

2: Ample Employment Opportunities

Peddar Road presents ample employment options, making it an ideal location for professionals and job seekers.

  • Bombay Stock Exchange (6.5 km), Nariman Point (6.5 km), Bandra Kurla Complex (15 km), Santacruz Electronics Export Processing Zone (24 km), International Infotech Park (30 km).
  • The World Trade Centre is at a distance of about 9 km and offers diverse employment opportunities.

3: Top Projects and Developers

The presence of top residential projects and reputable developers on Peddar Road provides higher property value appreciation, better construction quality, modern amenities, improved infrastructure, and attractive rental opportunities.

  • Kalpataru Vikas by Kalpataru Group
  • Lodha Altamount in Tardeo by The Lodha Group
  • Rohan Altimo by Rohan Lifescapes
  • Kalpataru Kshitij by Kalpatru Developers

4: Social and Civic Infrastructure

Peddar Road offers a satisfying lifestyle without compromising essential amenities, whether education, health or other recreational facilities.

Some of the social amenities near Peddar Road are mentioned below:

Educational Facilities Healthcare Facilities Recreational Facilities
Aditya Birla World Academy Jaslok Hospital and Research Centre Palladium Mall
Villa Theresa High School Doctor House Grand Galleria Mall
Activity High School / Activity Infant School Dr.Skin Pimples Pvt. Ltd. Hanging Garden
Nursery School Rainbow Doctor House Sandwizza (Restaurant)
Greenlawns High School   Light of Persia (Restaurant)

5: High Demand Due to Luxurious Living

The demand for properties in Peddar Road is usually high due to its exclusive nature and limited land availability, which can lead to good property value appreciation over time.

The area offers a luxurious lifestyle with well-designed properties, top-notch amenities, and scenic views of the Arabian Sea. The area is home to some of the city's most influential and wealthiest residents, like The Mittals, The Bajaj family, The Balotia family and The Mangeshkars.

FAQs

What is the PIN code of Peddar Road?

The PIN code of Peddar Road is 400026. It is located in South Mumbai.

What is Peddar Road famous for?

Peddar Road is famous for Hanging Gardens, situated on top of Malabar Hills. It is a terraced Garden in the middle of the bustling city, a popular spot for picnics and leisure activities.

Many business personalities, film personalities and government officials reside here. It has been the home of Mangeshkars for five decades.

Is Peddar Road a good place to live?

Peddar Road is an excellent place to live, as it connects Haji Ali, Altamount Road, Cumbulla Hill, Grant Road, Tardeo and Malabar Hill, the most exclusive areas in the city with prestigious residential buildings, world-class amenities, and stunning views of the Arabian Sea.

Furthermore, Peddar Road is rich in renowned schools and healthcare facilities like Villa Theresa High School, Greenlawn High School, Bright Start Fellowship International School, Jaslok Hospital & Research Center, The B.D Petit Parsee General Hospital, and Bhatia Hospital.

What is the cost of living on Peddar Road?

For 1 BHK, the rent in Peddar Road is approximately ₹76.11k - 1.3 Lac; for 2 BHK, it's ₹1.3 Lac - 1.5 Lac; and for 3 BHK, it's ₹2 Lac - 4 Lac.

What are the current development projects in Peddar Road?

Some of the current development projects in Peddar Road are mentioned in the table below:

  • Kalpataru Vikas
  • Kalpataru Neelambar
  • Tata Petit Towers
  • Palacimo Apartment
  • Sett Minar

What is the Future of Peddar Road?

Being close to some flourishing and well-developed areas like Tardeo, Worli and Malabar Hill, Peddar Road has excellent potential for growth in the real estate market.

Projects like Kalapataru Neelambar, Kalapataru Vikas, Tata Petit Towers, and Palacimo apartments will add more value to a luxurious life. Additionally, the interest of renowned developers in Peddar Road, like Kalapataru and Dheeraj Builders, will make the area more demanding.

What are the top schools in Peddar Road?

  • Villa Theresa High School
  • Activity High School / Activity Infant School
  • Nursery School Rainbow
  • Greenlawns High School
  • The Universal School Tardeo
  • Bright Start Fellowship International School

What are the top hospitals in Peddar Road?

  • Jaslok Hospital & Research Center
  • The B.D Petit Parsee General Hospital
  • Breach Candy Hospital Trust
  • Bhatia Hospital
  • Apollo Spectra Hospitals
  • Eye Solutions - The Complete Eye Hospital
  • Saifee Hospital

What are the top restaurants in Peddar Road?

  • House of Biryanis
  • Sbarro - New York Pizza
  • Light of Persia
  • Sandwizzaa Peddar Road
  • Cafe Noorani
  • Gulmarg
  • Gustoso

What are the Petrol Stations on Peddar Road?

  • Bharat Petroleum Corporation Ltd
  • New Kampala Service Station
  • Hp Petrol Pump
  • Hp Fuel Station
  • The Noble Motors Service Station
  • Sai Durga Service ( Indian Oil Pump)

What are the gyms in Peddar Road?

  • Anytime Fitness
  • Nitrro Bespoke Fitness
  • Zumasaa Studio
  • Mould Fitness
  • Cult Tardeo, Mumbai | Best Gym in Tardeo
  • PhysioActive Pro Fitness Gym
  • Benercise

What are the shopping malls in Peddar Road?

  • Bayside Mall
  • Atria The Millennium Mall
  • Palladium Mall
  • Grand Galleria Mall

What are the Hotels in Peddar Road?

  • Hotel Kemps Corner
  • The Shalimar Hotel
  • Itsy By Treebo - Heera International Hotel
  • Hotel Regal Palace
  • Hotel Royal Castle
  • Hotel Orient Regency

What are the parks in Peddar Road?

  • Hanging Gardens
  • Priyadarshani Park
  • Kamala Nehru Park
  • Veermata Jijabai Bhosale Udyan
  • Tata Garden Park

What are the top attractions in Peddar Road?

  • National Museum of Indian Cinema
  • Babulnath Temple
  • Haji Ali Dargah
  • Jain Temple
  • Raj Bhavan
  • Shri Shri Radha Gopinath Temple
  • Mani Bhavan Gandhi Sangrahalay

How many 1 BHKs are available in Peddar Road?

2 1 BHK flats are available in Peddar Road, including furnished and unfurnished.

How much does a 1 BHK cost in Peddar Road?

1 BHK in Peddar Road costs in the range of ₹1.44 Cr - ₹3.56 Cr.

What is the average size of a 1 BHK in Peddar Road?

The average size of a 1 BHK in Peddar Road is 300 sq ft - 450 sq ft..

What is the rent of a 1 BHK in Peddar Road?

The rent of 1 BHK in Peddar Road lies in the range of ₹76.11k - 1.3 Lac.

How many 2 BHKs are available in Peddar Road?

2 2 BHK flats are available in Peddar Road.

How much does a 2 BHK cost in Peddar Road?

2 BHK in Peddar Road costs in the range of ₹4.95 Cr - ₹5.06 Cr.

What is the average size of a 2 BHK in Peddar Road??

The average size of a 2 BHK in Peddar Road is 600 sq ft - 850 sq ft.

What is the rent of a 2 BHK in Peddar Road?

The rent of 2 BHK in Peddar Road lies in the range of ₹1.3 Lac - 1.5 Lac.

How many 3 BHKs are available in Peddar Road?

1 3 BHK flats are available in Peddar Road.

How much does a 3 BHK cost in Peddar Road?

3 BHK flats in Peddar Road cost in the range of ₹5.50 Cr - ₹9 Cr.

What is the average size of a 3 BHK in Peddar Road?

The average size of a 3 BHK in Peddar Road is 877.0 - 1260.0 sq.ft.

What is the rent of a 3 BHK in Peddar Road?

The rent of 3 BHK in Peddar Road lies in the range of ₹2 Lac - 4 Lac.

How many 4 BHKs are available in Peddar Road?

1 4 BHK flats are available in Peddar Road.

How much does a 4 BHK cost in Peddar Road?

4 BHK flats in Peddar Road cost in the range of ₹9.98Cr to ₹11.25Cr.

What is the average size of a 4 BHK in Peddar Road?

The average size of a 4 BHK in Peddar Road is 1260.0 sq.ft - 1960.0 sq.ft.

What is the rent of a 4 BHK in Peddar Road?

The rent of 4 BHK in Peddar Road lies in the range of ₹4.5 Lac - 10 Lacs.

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