Owning a Property in Mumbai is indeed a privilege that many get to enjoy. The city that never sleeps, Mumbai is the place where most Indians come to pursue their dreams.
Besides providing lucrative earning opportunities to its residents, it’s the home of Bollywood, the city where the stars of the silver screen reside. Because of all these reasons, the prices for flats for sale in Mumbai are always on the higher side and it isn’t easy to buy a place here.
On this note, we’re going to discuss some of the most sought-after areas of Mumbai investing in which always pays off.
Malabar Hills isn’t only Mumbai’s but India’s most exclusive address. Most of the top-notch government officials, along with some of the county’s most influential families, live here. It is a hillock located on the southernmost tip of Mumbai, giving it the exquisite three side view of the Arabian Sea. The area has many high-end retail options available and the famous hanging gardens of Mumbai are also located here.
Tardeo is an affluent area in South Mumbai that extends from Nana Chowk to Haji Ali junction. The world-famous Altamount Road, where the world’s most expensive home Antilla is located, is also present here. Due to the limited number of residential options available here, this area is costly. Additionally, several educational and healthcare complexes are present here. Being located next to prominent areas of the city such as Mahalaxmi and Girgaon, Tardeo is ideal for living.
Moreover, upcoming ultra-luxurious projects such as Lodha Altamount and Crescent Tower have further added to its value.
Being a part of Property in Mumbai Central Business District and located at the southern tip next to Nariman Point, Cuffe Parade is an upmarket area in the city. It was initially developed by reclaiming the 75,000 sq. meters on the western shore of Colaba. Now it is dotted with state-of-the-art residential as well as commercial skyscrapers. The presence of a number of five-star hotels in this area further adds to worth.
However, as Cuffe Parade is nearer to the Cantonment area, the height of skyscrapers is restricted here compared to Prabhadevi and Worli.
Bandra West is a popular high-end area in Mumbai where King Khan lives. It is quite famous in the city because of the plethora of entertainment options available here, including discotheques, nightclubs, and various restaurants. The presence of a lot of partying options available here makes it pretty popular among the youngsters.
Likewise, the coffee shops of Bandra West are full of aspiring actors along with casting directors. Television and film celebrities can be seen roaming the streets of this area frequently. As a result, the prices of apartments here are exorbitant.
One of the most expensive pin codes in Property in Mumbai, Juhu, is located in the western part of the city. It is home to one of the most pristine beaches that you’ll find in the city. The fact that it has the residences of some of the most famous celebrities of Bollywood, such as Amitabh Bachchan, Akshay Kumar, and many more, has also added to its high demand.
This area has become a top choice for the ex-pats that are relocating to Property in Mumbai as they want to live next to their favorite celebrities.
Worli is another area that has seen growth in popularity, as well as property prices over the recent years. It is home to a variety of high-end housing complexes. The biggest perk of living in the high-rise buildings of Worli is the picturesque views of the Bandra-Worli Sea Link, Arabian Sea & the scenic Race Course.
Other than offering extravagant living options to its residents, it also has a wide variety of commercial establishments, shopping malls, eateries, night clubs etc. Because of the number of facilities that the residents of Worli enjoy, it has become quite popular among new home buyers.
The localities mentioned above are some of the poshest areas of Mumbai where the crème de la crème of the city live. Therefore, if you have the capital to buy property here, get yourself a spacious 2 BHK flat for sale in Mumbai available here because the rental yields of these areas are high.