17 Best and Amazing Places to Live in Mumbai (With Property & Rent Prices)

Mumbai, being the financial hub of India, has always been a hospitable city to individuals from all walks of life and backgrounds. It additionally provides plenty of job opportunities. Mumbai is a popular place for people to settle down with their families because of its public transportation system, social amenities, and public services.

Certainly, one of the most difficult things for someone moving to Mumbai is finding a good home to live in. One of the hardest things to do in Mumbai is to choose a decent property within a budget; you have to decide whether to live near a children’s school or one of the major workplaces.

The best place to live in Mumbai with family can be beneficial in certain areas. Mumbai is looking for a suitable home to live in, such as Godrej Reserve Kandivali, which could be an excellent option to consider.

"Gateway to Happiness: Home is where Mumbai's iconic landmarks are. #MumbaiLife"
“Gateway to Happiness: Home is where Mumbai’s iconic landmarks are. #MumbaiLife”

Best places to live In Mumbai? Why would you choose to reside in any of these top Mumbai locations?

When buying a new house in India, especially in top Mumbai locations, it’s wise to purchase a home insurance policy beforehand. This protects your investment against unforeseen events like natural disasters, theft, or damages.

Having insurance from day one ensures your new home is secure, providing peace of mind and a strong foundation for your future. This essential step should be part of your homebuying checklist for a safe and informed decision.

Colaba

"Colaba Charms: Discovering the soul of Mumbai in its southernmost tip. #ColabaCraze"
“Colaba Charms: Discovering the soul of Mumbai in its southernmost tip. #ColabaCraze”

Source: Yometro

Colaba is from one of the most wealthy areas and the best place to live in Mumbai. Mantralaya, Income Tax-Office, World Trade Centre, and New Administrative Building are among the key business hubs, which is why the south Bombay areas of Colaba and Nariman Point are mostly selected for real estate properties such as residential, commercial, bungalows, and so on.

The average rent of a 2BHK apartment: Rs 1.20 lac per month

The average purchase price of 2+BHK property: Rs 2.75 cr to 9 cr

Wadala

"City of Dreams: Where every corner tells a story. #MumbaiMagic"
“City of Dreams: Where every corner tells a story. #MumbaiMagic”

Source: Pinterest

Because Wadala is an eastern Mumbai neighborhood, it could be considered the best place to live in Mumbai. The Mumbai Monorail, India’s first monorail system, is located in Wadala. The monorail is a distinctive kind of public transit in the city and connects Wadala and Chembur.

Living in Wadala is ideal for families with kids because the area is home to many universities and educational institutions. Additionally, your new house would appear more lovely if you use these particular Diwali décor items to decorate it during the festival.

The average rent of a 2BHK apartment: Rs 1.05 lac per month

The average purchase price of 2+BHK property: Rs 1.92 cr to 4 cr

Juhu

"Seaside Bliss: Living the dream along Mumbai's picturesque coastline. #SeafrontLiving"
“Seaside Bliss: Living the dream along Mumbai’s picturesque coastline. #SeafrontLiving”

Source: Travel

The nicest part of Mumbai is Juhu Beach, a well-known and iconic neighborhood in the city’s western suburbs in India. It is well known for its stunning beaches, energetic environment, and variety of cultural and recreational offerings. It is a well-liked tourist and local attraction, stretching for about 6 kilometers along the Arabian Sea shore.
If you are residence of this amazing location of Mumbai, and you didn’t have residence certificate, then apply today for the residence certificate, because it is important documents.

Demand for Juhu is driven by the Andheri IT and ITeS Hub. Several well-known celebrities, including Hema Malini, Hrithik Roshan, Amitab Bachan, Anil Kapoor, and many more, have homes in Juhu. 
Do consider checking inside most expensive homes in the world list as one of them is from Mumbai itself.

The average rent of a 2BHK apartment: Rs 77,000 per month

The average purchase price of 2+BHK property: Rs 1.25 cr to 9 cr

Powai

"Tech Hub Homes: A futuristic address in the city of dreams. #TechCityLiving"
“Tech Hub Homes: A futuristic address in the city of dreams. #TechCityLiving”

Source:  Wikipedia

Powai offers a wholesome atmosphere with lots of greenery and open areas. Located in the heart of the city, Powai is known as the “Heart of Mumbai”. All the Powai and nearby neighborhoods have also recently emerged as prospective locations for businesses, residences, and real estate.

Powai is well-known as a business destination because it is home to the headquarters of numerous large corporations, including JP Morgan, Kingstone SEZ, and Hiranandani Knowledge Park. One of the top engineering schools in both India and the globe, the Indian Institute of Bombay (IIT), is located in Powai.

The average rent of a 2BHK apartment: Rs 49,000 per month.

The average purchase price of a 2+BHK property: Rs 1.60 cr to 3.50 cr

Ghatkopar East

"Maximum City Living: Experiencing the pulse of Mumbai in every breath. #MaximumCity"
“Maximum City Living: Experiencing the pulse of Mumbai in every breath. #MaximumCity”

Source:  DNA India

Ghatkopar East is a well-known locality and the best place to live in Mumbai, in the eastern suburbs. This locality holds very important connectivity to the western suburbs through the metro from Andheri-Ghatkopar Metro. Its closeness to the eastern express highway from Sion to Panvel offers connectivity to South Mumbai to Navi Mumbai. 

The average rent of a 2BHK apartment: Rs 48,000 per month.

The average purchase price of a 2+BHK property: Rs 1.45 cr to 3.50 cr

Borivali

"Garden City Living: Amidst the greenery and tranquility of Mumbai's parks. #GardenCityLife"
“Garden City Living: Amidst the greenery and tranquility of Mumbai’s parks. #GardenCityLife”

The area of Borivali, located in northern Mumbai, is primarily home to residential construction. It is one of the very few neighborhoods in Mumbai with a lot of vegetation all around it. It looks out over a vast mangrove belt and the Sanjay Gandhi National Park. 

The average rent of a 2BHK apartment: Rs 38,000 per month.

The average purchase price of a 2+BHK property: Rs 1.44 cr to 3 cr

If you are looking for a house in Mumbai, speak with a property consultant for the best advice at PropertyCloud.

For a stress-free house purchase, get in touch with a PropertyCloud real estate expert.
For a stress-free house purchase, get in touch with a PropertyCloud real estate expert.

Pali Hills

"Bandra Vibes: Where the heart of Mumbai beats strongest. #BandraLove"
“Bandra Vibes: Where the heart of Mumbai beats strongest. #BandraLove”

Source: Pinterest

One of the best places to live in Mumbai is Pali Hill, which is mostly a residential area distinguished by elegant villas, opulent apartments, and lovely bungalows. For many years, corporate magnates and Bollywood stars have preferred Pali Hill as a place to live. The choice between leasing and renting attracts depends on corporate magnates and Bollywood stars.

The average rent of a 2BHK apartment: Rs 1.5 lac per month.

The average purchase price of a 2+BHK property: Rs 2.50 cr to 8.50 cr

Mulund

"Artistic Abodes: Residing in the cultural heart of Mumbai. #ArtisticLiving"
“Artistic Abodes: Residing in the cultural heart of Mumbai. #ArtisticLiving”

Source: Pinterest

Mulund is now becoming a more developed area. That is why people prefer a house in Mulund, because the nearby railway station on the central line of the Mumbai Suburban and closeness to the Eastern Express Highway, allows people to smoothly commute anywhere in Mumbai. 

The average rent of a 2BHK apartment: Rs 40,000 per month.

The average purchase price of a 2+BHK property: Rs 1.22 cr to 3 cr

Worli

"Breezy Beach Residences: Finding peace in the sound of waves. #BeachLifeMumbai"
“Breezy Beach Residences: Finding peace in the sound of waves. #BeachLifeMumbai”

Source: Wikimedia

Worli is regarded as Mumbai’s nicest neighborhood. Worli, one of Mumbai’s westernmost areas, is known for its large hills and industrial buildings from the 1980s. Worli is located along the Arabian Sea coast. With several road networks and the notable Bandra-Worli Sea Link, which spans Mahim Bay, it is well-connected to other areas of the city. 

Worli is also home to several commercial and business establishments, including corporate offices, banks, and commercial complexes like Indiabulls Finance Center, Peninsula Business Park, and Kamla Mill Compound.  

The historic Worli Fort, also known as Worli Sea Face Fort, is a prominent landmark in the area. This fort, built during the 17th century, has a historical significance and is a popular tourist attraction. 

The average rent of a 2BHK apartment: Rs 80,000 per month.

The average purchase price of a 2+BHK property: Rs 2.85 cr to 6 cr  

Santacruz

"South Mumbai Elegance: Where history meets luxury. #SoBoLiving"
“South Mumbai Elegance: Where history meets luxury. #SoBoLiving”

Source: go digit

Santacruz is one of the best place to live in Mumbai because it is a palace that is near Mumbai airport and there are beaches and there are so many employment hubs that employ people and it is a place where one can stay and also enjoy with family on weekends.

There are some educational institutions like LS Raheja College of Arts and Commerce and St. Teresa Institute of Education. Schools like Lilavati Podar High School and Sacred Heart International School can travel anywhere using local trains or buses.

The average rent of a 2BHK apartment: Rs 45,000 per month.

The average purchase price of a 2+BHK property: Rs 1.33 cr to 4 cr

Tardeo

"Pulse of the Maximum City: Breathing in the energy of Mumbai's heartbeat. 
“Pulse of the Maximum City: Breathing in the energy of Mumbai’s heartbeat. 

Source:  Forbes India

Tardeo is considered one of the best place to live in Mumbai and it is one of Asia’s most expensive residential and commercial localities. In Tardeo, there is the house of India’s richest man Mukesh Ambani, Antilia. 

There are various shopping and dining options. One can find a range of restaurants, cafes, and eateries serving diverse cuisines. There are also local markets and retail outlets for shopping enthusiasts.

The average monthly rent for 2BHK flat is around Rs. 1.2 lac per month.

The average purchase price of a 2+BHK flat is around Rs 3.30 cr to 5 cr

 Kandivali

"Artistic Abode: Living in the canvas of Mumbai's cultural richness. 
“Artistic Abode: Living in the canvas of Mumbai’s cultural richness. 

Source: PropertyCloud 

Kandivali is one of the most well-known and best places to live in Mumbai which offers residential development like the one of the most iconic development named Codename Big Bull as well as industrial spaces. The main reason for the development of the Kandivali is that it is well-known for its major employment centers.

Kandivali has various connectivity to the major areas through western lines, western expressways, and New Link Road. And few of the nearest employment centers are DHL Park, Infinity IT Park, and Lotus Corporate Park. Some of the famous educational institutions near Kandivali are Thakur International School, Ryan International School, and Kandivali Education Society.

The average monthly rent for 2BHK Flat is Rs. 30,000 per month.

The average purchase price of a 2+BHK flat is around Rs 1.50 cr to 3 cr

Goregaon East

"Green Haven: Amidst parks and tranquility, a perfect escape in the city.
“Green Haven: Amidst parks and tranquility, a perfect escape in the city.

Source: PropertyCloud

Goregaon East is located in the western suburbs of the city nearing Malad East, Jogeshwari East. These localities are located on Western Highway offering easy connectivity to the entire city. 

Mumbai International Airport is just 9km away and Goregaon Oshiwara metro station is just a few minutes away. Goregaon East houses are a mix of good infrastructure. Nearby Malls are Oberoi Mall and City Centre Mall.

The average monthly rent for 2BHK Flat is Rs. 40,000 per month.

The average purchase price of a 2+BHK flat is around Rs 1.70 cr to 3.50 cr

Dadar-Matunga-Parel

"Cultural Cocoon: Where tradition and modernity dance in harmony.
“Cultural Cocoon: Where tradition and modernity dance in harmony.

Source:  Facebook

The neighborhood localities of Dadar Matunga, and Parel, are part of South Central Mumbai. Residential demand for these localities is navigated by proximity to the commercial Hub of South Mumbai, along with easy connectivity to the western suburbs.

These areas are famous for prominent educational institutions such as JBCN International School, Kirti College, Ruia College, Welingkar Institute of Management, and the Indian Education Society (IES).

The average monthly rent for a 2BHK Flat is around Rs. 74,000. Per month.

The average purchase price of a 2+BHK flat is around Rs 2.30 cr to 5 cr

Bhandup

"Green Haven: Amidst parks and tranquility, a perfect escape in the city.
“Green Haven: Amidst parks and tranquility, a perfect escape in the city.

Source: PropertyCloud

Bhandup is close to Mumbai Agra Highway and is located in Suburban Mumbai, this place is divided into Bhandup East and Bhandup West, and both sides have been developing year by year. There are so many commercial offices taking place. And one can enjoy the close connectivity of Mulund, Kanjurmarg, and Vikhroli. 

Anywhere in the Central Line Bhandup can be readily accessed by bus, train, or expressway. For residents, Nahur and Bhandup are the closest stations.

The average monthly rent for a 2BHK Flat is Rs. 54,000 per month

The average purchase price of a 2+BHK flat is around Rs 1.30 cr to 2.20 cr

Malabar Hills

Source: DNA India

Malabar Hills is considered the best place to live in Mumbai. It is a hillock and upmarket residential neighborhood in South Mumbai. It is home to several business tycoons like Adi Godrej, and Cyrus Broacha, Prominent landmarks include the Chief Minister of Maharashtra’s Bungalow and Government Guest House Sahyadri. The house of Mukesh Ambani named Antilia who is India’s second richest person.

The average monthly rent for 2BHK Flats is around Rs. 1.6 lac per month.

The average purchase price of a 2+BHK flat is around Rs 3 cr to 9.50 cr

For the most effective guidance, speak with a PropertyCloud home loan expert if you need guidance.

Get the best home loan rate at PropertyCloud 

Vile Parle East

Where urban living meets coastal charm. 
Where urban living meets coastal charm. 

Source: PropertyCloud

Situated in the Mumbai suburbs, this is one of the most posh districts and the best place to live in Mumbai. The distance from Andheri, Santacruz, and Kalan is 10 kilometers. Vile Parle offers a home outfitted with the most advanced amenities and technology.

The average monthly rent for the 2 BHK Flats is Rs. 70,000 per month.

The average purchase price of a 2+BHK flat is around Rs 2.10 cr to 5 cr

The purchase price and rent of 2BHK flats of places in Mumbai

Places

Rents (Average)

Purchasing Prices

(Average)

Colaba

1.20 Lakh per month

2.59 Cr to 4. 69 Cr

Wadala

1.5 Lakhs per month

1.25 Cr to 3.90 Cr

Juhu

77,000 per month

1.95 Cr to 4.72 Cr

Powai

49,000 per month

1.69 Cr to 3.10 Cr

Ghatkopar East

48,000 per month

1.45 Cr to 3.50 Cr

Borivali

38,000 per month

1.69 Cr to 2.35 Cr

Pali Hills

1.5 Lakhs per month

4.20 Cr to 6 Cr

Mulund

40,000 per month

1.45 Cr to 2.93 Cr

Worli

80,000 per month

4.10 Cr to 7 Cr

Santacruz

50,000 per month

1.37 Cr to 4.73 Cr 

Tardeo

1.2 Lakhs per month

3 Cr to 9 Cr

Kandivali

30,000 per month

1.55 Cr to 2.45 Cr

Goregaon East

40,000 per month

1.40 Cr to 4.91 Cr

Dadar-Matunga-Parel

74,000 per month

2.10 Cr to 6.80 Cr

Bhandup

54,000 per month

1.22 Cr to 2.30 Cr

Malabar Hills

1.6 Lakhs per month

3 Cr to 10 Cr

Vile Parle East

70,000 per month

2.30 Cr to 5 Cr

The best places to live with a family in Mumbai

Because they have all the amenities and make it easy to live there with kids, these neighborhoods are thought to be the best place to live in Mumbai with families. It’s not simple to live in Mumbai with a family, by the way, but it is possible because there are a lot of locations in Mumbai with higher employment density than in other cities. Mumbai’s real estate market offers a wide variety of properties, thus there are many possibilities for purchasing or renting real estate in Mumbai.

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