Most of Mumbai's upscale neighborhoods are either close to the sea or provide a scenic view of the water body. These posh areas are highly sought after by Bollywood celebrities, business people, and start-up entrepreneurs who either own or rent homes there, making them popular and exclusive among locals. But if you plan on buying a house anytime soon, you should consider looking for property in South Mumbai. Residing in South Mumbai is an experience in itself! With luxurious neighborhoods, a serene environment, and convenient amenities just a stone's throw away, this area is highly sought-after.
Colaba, situated along the Arabian Sea, is a popular tourist destination due to its proximity to the Gateway of India and Nariman Point, which are within four kilometers. It is an ultra-premium locality with the majority of residential inventory in high-rise buildings. The Cuffe Parade Metro Station, located about 800 meters away, along with the round-the-clock availability of cabs and autos, ensures convenient transportation for the residents. The area is also home to significant establishments by the navy, which many residents consider to make Colaba quite safe and secure.
Worli is considered one of the best areas to live in Mumbai, with numerous high-end housing societies built in the area's high-rise buildings. Many celebrities, including Anushka Sharma-Virat Kohli, Deepika Padukone, Abhishek Bachchan, and others, have purchased properties here for their personal use. The high-rise buildings in Worli offer breathtaking views of the Bandra-Worli Sea Link, the Arabian Sea, and the Race Course. Additionally, the area boasts several commercial establishments such as shopping malls, restaurants, nightclubs, and other amenities, making it an ideal location for office-goers working in the island city.
Altamount Road in Tardeo is a significant arterial road in South Mumbai, connecting vital commercial areas in the region. This upscale area is also home to India's richest man, Mukesh Ambani, whose private residence, Antilla, is the most expensive home in India. In addition to Ambani's residence, Tardeo boasts a number of commercial complexes and educational and healthcare institutes. Despite having limited residential options, Tardeo remains one of the most expensive areas to live in Mumbai.
The Malabar Hill area of Mumbai is a highly affluent, upscale, and posh residential neighborhood situated in South Mumbai and is considered to be one of the most exclusive areas not only in Mumbai but also in the entire country. The flats here are priced in the multi-million dollar range, and no other neighborhood in India boasts as many millionaires and billionaires living within a one-kilometer radius. Some of India's most prominent business magnates call Malabar Hill their home, such as the Godrej family, Pallonji Mistry, the Birlas, and the Jindal family. Notable landmarks in the area include the Chief Minister of Maharashtra's bungalow, the government guest house Sahyadri, official residences of VVIP state officials, and the Hanging Gardens, Jain Temple, and Banganga Tank.
The popularity of South Mumbai among homebuyers stems mainly from its excellent connectivity and amenities. The forthcoming Mumbai Metro Line 3, also referred to as the Colaba-Bandra-SEEPZ corridor, and the Mumbai Trans Harbour Link Project (MTHL), are anticipated to enhance connectivity even further and drive the demand for housing in the area.
Overall, South Mumbai is one of the best places for investors and homebuyers. It offers some of the most prestigious and posh localities in India, making it a prime destination for property investment. With the upcoming infrastructure developments, these localities are expected to witness a surge in demand and appreciation in property values, making it an opportune time for investors to consider investing in property in South Mumbai.