Mumbai, the city that never sleeps, is known for its opulent malls, prosperous avenues and a promise of a grandeur lifestyle. From the picturesque promenades to the cosmopolitan culture, Mumbai, erstwhile Bombay, provides distinct experiences in all spheres of life. With a population of 19.98 million people, Mumbai, the capital of Maharashtra is India's second most populous metropolis. It also has its own natural harbour and is located on the Konkan shore, which is on India's west coast.

Mumbai has always been one of the most popular cities in India and is also one of the wealthiest in the country, thanks to its high concentration of multimillionaires. Along with this, the city is also known as the financial capital of the country and is home to a number of financial institutions like The National Stock Exchange, The Bombay Stock Exchange, The Reserve Bank of India and one of the Indian Government Mint. Mumbai sees heavy influx of migrants each year and is often referred to as the "City of Dreams" due to quality job prospects and better life the city assures to provide.

Where and Why to Buy a Residential Property in Mumbai Considering the Luxury and Available Amenities

Mumbai has one of the most intricate, affluent, and amazing architecture in the world. The pristine white Haji Ali Dargah and the Bandra Worli Sea are two examples. The Victorian architecture of the Chhatrapati Shivaji Terminus has stood the test of time and is today a popular tourist destination. The south of Mumbai is lined with colonial-era structures and soviet-style workplaces that provide visitors with a spectacular perspective. These dazzling pieces of art are Mumbai's one-of-a-kind gift to the rest of the subcontinent.

When it comes to housing, home ownership is a desire for the majority of the city's residents. Mumbai is divided into many neighbourhoods, each with its own distinct personality. Real estate costs vary significantly based on the community, infrastructure, and amenities available.

Here are our recommendations for Mumbai's most appealing and luxurious neighbourhoods

• Bandra

Bandra is one of Mumbai's most sought-after yet pricey neighbourhoods, with a plethora of high-value houses, numerous premium restaurants, and commercial centres close by. Bandra in Western Mumbai is defined by a wealth of sea-facing houses, affluent neighbourhoods, strong social infrastructure, and closeness to significant job hubs, to name a few highlights. Bandra, which is home to the ultra-rich, is a beautiful blend of old-world Portuguese architecture structures and modern commercial enterprises, such as the Bandra Kurla Complex, among others. The closeness to the Western Express Highway improves connection. The average price per sq.ft. in Bandra is INR 27,598.8256. Bandra's property values are among the highest in Mumbai, because of its cosmopolitan atmosphere, prominent beaches, and proximity to popular regions such as Worli, Dadar, Khar, and Pali Hill.

• Hiranandani Powai

The posh Hiranandani Complex is located in Powai's northern suburbs. The township is an excellent illustration of how a community can revitalise an ageing suburb. This neighbourhood has it all, including affluent residential complexes, commercial malls, spacious gardens, a reputable school, and trendy eateries. If that is not enough, Powai Lake is only a short distance away. Also, The International Airport is only 5 kilometres away, and the Domestic Airport is only 12 kilometres away. The average price per sq.ft. in Powai is INR 27,777.815.

• Malabar Hill

Malabar Hill, in South Mumbai, is another hidden gem. The area is spread out on a hill that rises from Chowpatty and offers spectacular views of Marine Drive. The gulmohar-lined walkways of Malabar Hill, home to the Bangaga Tank, provide respite in this fast-paced city. It has all the makings of a beautiful premium neighbourhood, whether you stroll around the Hanging Gardens, say a brief prayer at The All Saints Church, or play tennis at the Malabar Hill Club. The average price per sq.ft. in Malabar Hill is INR 66,786.9668. Talking about the required amenities, there are more than five ATM's in Malabar Hill and more than 8 shopping malls. St. Elizabeth's Hospital, SJM Diagnostics Pvt. Ltd, Evaluation & Dispensing Centre, Dr Nilen Shah's Clinic, Smt. Motiben B. Dalvi Hospital, are the top hospitals in and nearby Malabar Hill.

• Worli Sea Face

The real estate prices in Worli Sea Face are amongst the competitive ones in Mumbai because of the luxury and amenities. The average price per sq.ft. in Worli is INR 66,167.182. It is well-connected to Bandra and the surrounding suburbs, being located immediately close to the Worli entrance of the Rajiv Gandhi Sealink. It is also conveniently located near Lower Parel's commercial district. Residents of the region can enjoy the amazing sea view in addition to the excellent connection. As a result, Worli Sea Face is one of the most sought-after residential areas in Mumbai.

• Cuffe Parade

Cuffe Parade is a part of Mumbai's Central Business District, and is located near Nariman Point on the city's southern outskirts. The region was constructed by reclaiming 75,000 square metres of ground on the western coast of Colaba, and it is now filled with luxurious residential and commercial skyscrapers. This seashore suburb, which is close to Navy Nagar and the Colaba shopping centre is home to Mumbai's World Trade Centre and Maker Towers, both of which are important trade and commerce monuments in the city. The region is home to the famed Taj President Hotel, as well as a number of luminaries.

• Versova

Versova is a posh residential neighbourhood in Andheri West, Mumbai's western district, beside the Versova Beach. The majority of the apartments in the region are multi-storey. It is a developed region that is influenced by its proximity to the airport, employment centres, and social amenities. It's also close to Juhu, Andheri West, and Madh Island, which are all popular tourist destinations in western Mumbai. The average price per sq.ft. in Andheri is INR 20,332.5645. The western line, Metro, Western Express Highway, and the Juhu-Versova Link Road connect Versova to the major neighbourhoods of Mumbai. Connectivity to the eastern suburbs, Thane, and Navi Mumbai is provided by the Santacruz-Chembur Link Road (SCLR) and the Jogeshwari-Vikhroli Link Road (JVLR). Furthermore, the Mumbai International Airport is about 5-10 kilometres away.

• Tardeo

Tardeo, in South Mumbai, is one of the city's most affluent neighbourhoods. Tardeo is surrounded by well-known towns such as Mahalkshmi and Girgaon. The average price per sq.ft. in Tardeo is INR 113,035.9474.Tardeo is a half-hour drive from the Bandra-Worli Sea Link, which connects it to Mumbai's suburban areas and the International Airport (23 KM). The main highways connecting the neighbourhood to the city's northern areas are Keshavrao Khadye Marg and Lala Lajpatrai Marg. The suburb is connected to Nariman Point and Cuffe Parade by Pedder Road. The Mumbai Central Railway station on the Western Line is located near to the area, providing great train access.

• Borivali

Borivali is an ideal location for people who work near CST because the train ride takes about 45 minutes to reach. It is known as the "suburb of gardens" and is one of the city's modern attractions. Borivali has it all, from schools, colleges, hospitals, and restaurants. The average price per sq.ft. in Borivali is INR 16,350.451. Borivali is quickly becoming the most affordable yet luxurious place to reside in Mumbai, thanks to its outstanding social infrastructure, business centres, and connections to other important locations. Borivali railway station is a significant station since it serves as a hub for local and outstation trains. For frequent travelers, this means a less taxing commute. Borivali is easily accessible via a variety of modes of transportation, including buses, taxis, and auto-rickshaws thus making it a popular and right choice for residential investment.

• Vikhroli

Due to high-quality social infrastructures such as banks, schools, colleges, amusement parks, and commercial organisations, Vikhroli is a popular residential region. It is one of the cheapest regions to live in Mumbai and it is easily accessible. The average price per sq.ft. in Vikhroli is INR 23,082.1553. The connectivity in Vikhroli is excellent. Lal Bahadur Shastri Road, Agra Road, and the Eastern Express Highway are the main roads that connect Vikhroli to other important regions. Swimming pools, spas, private theatres, courts, fully equipped gyms, gardens, and fine dining restaurants are driving up demand even more for Vikhroli's residential complexes.

Conclusion

The list of luxurious and popular residential locations in Mumbai is not limited to the ones mentioned above and to make things easy for you, real estate consultants like Dwello come into picture. For Dwello, making the home buying process simple and easy for homebuyers is the first step. Followed by total transparency and complete focus on personalized recommendations so that homebuyers can choose based on their criteria and preferences. One of the major advantages while buying a home is access to data, having the right statistics in place is of top priority for Dwello and hence with all these factors, having your own home in the financial capital Mumbai won't just be a dream anymore!