Buying a residential property in Mumbai is an achievement in itself as home-ownership in the city is a dream come true for most people living in the city. Now, when it comes to buying a property there is no wrong or right choice as the thing that matters the most is your satisfaction with the house you purchase or not!

That being said, it does not mean you can simply pick a house anywhere you like without having done any research. It is important that you are aware of the answers to the property prices in that area, the resale value of the property, the commute time, and more such important questions.

While crossing every point in your checklist is important it can become quite a daunting task itself having to do thorough research.

To ease some of your hardship, we have come up with a list of the popular areas, particularly in South Mumbai where homeownership is in demand. The data for the average price per carpet area is based on Dwello's analytics and is subjected to change based on the market price.

Mumbai is a vast city and is divided into several regions, of which South Mumbai also known as SoBo (an acronym for South Bombay) is considered one the hottest and poshest places to live in Mumbai.

It is important to note that all the regions in Mumbai have a vastly different price point when it comes to buying a home and that is based on the popularity of the location. As South Mumbai is home to some of the wealthiest urban precincts in India and major financial and leisure attractions in the city, the rates here are one of the highest in the city.

Let us take a look at each of the top localities in South Mumbai

Marine Lines-The name says it all! Marine Lines is one of the most popular locations not just in the city but in the country itself. It is home to many iconic hotels, renowned Bollywood celebrities, and financial institutions. The Marine drive Promenade also offers scenic views of the Arabic Sea. The average price per carpet area at present is around ₹57,505 per sq ft.

Mahalaxmi-Mahalaxmi is another area in Mumbai having a lot of residential options. The region is famous for the Mahalaxmi Race Course, The Mahalaxmi Temple, and the Haji Ali Dargah which sees a lot of influx of tourists from around the world. The area is efficiently connected to all parts of Mumbai and offers some of the best hospitals, schools, markets, gyms, and restaurants within your reach. The average price per carpet area for Mahalaxmi is around ₹66,411 per sq ft.

The upcoming Mumbai Metro Line 3 as well as the upcoming Princess Street Flyover and two rail over-bridges on Dr. E Moses Road, Jacob Circle, and Mahalaxmi Racecourse are also some of the important factors that are driving homebuyers to this location.

Worli-Worli is one of the poshest areas in Mumbai and houses offices of some of the biggest companies like Tata, Deloitte, Yes Bank. The Worli Sea-link is a major attraction in this locality as most homes in Worli offer the scenic view of the famous Sea-Link and the Arabian Sea.

Worli also has some of the best options in cafes, restaurants, entertainment, hospitals as well. Residential flats are available in this area at an average price of ₹87,211 per carpet sq ft.

Colaba -In South Mumbai, Colaba is the older part of the city. If you fancy living in a heritage building and are a walk away from some of the heritage tourist attractions of the city then Colaba is the perfect place for you. Colaba also offers new gated communities and not just old buildings, therefore making it the perfect place to enjoy the beauty of the old times as well as new ones. The average price per carpet area at present is around ₹39,354 per sq ft.

Cuff Parade-It is the commercial hub of Mumbai with several offices located in the region. Naturally, a lot of office spaces mean the need for residential houses is also in high demand in the area. Cuff Parade has also the most sought-after gated societies in the city and is seeing major new projects in the residential building space. Property rates in Cuff Parade are around ₹48,750 per carpet sq ft

Malabar Hills- If you wish to live in a place that offers a great sea view but is away from the hustle and bustle of the city, then Malabar Hills is the spot for you. Home to the beautiful Hanging Gardens of Mumbai, Malabar Hills offers some of the best residential flats in South Mumbai. The average price per carpet area of a 2 BHK flat is ₹1,34,972 per carpet sq ft.

In Conclusion

South Mumbai is undoubtedly one of the best regions to live in Mumbai because of what it offers. The area is rich in history, has some of the best entertainment and food joints in the city, The best modern infrastructure in the city, and stellar connectivity to all major landmarks to name a few.

Finding the dream home in South Mumbai can be very easy with Dwello's curated options. So, Go ahead and find that perfect home for you.