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. 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 a family can be beneficial in certain areas.
Best places to live In Mumbai
Why would you choose to reside in any of these top Mumbai locations?
Colaba
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
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.
It is convenient for families with children to live in Wadala because it is home to numerous educational institutions, such as schools and colleges.
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
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.
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.
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
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
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
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.
Pali Hills
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 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
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
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
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
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
Source: PropertyCloud
Kandivali is one of the most well-known and best place to live in Mumbai which offers residential 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
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
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
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.
Vile Parle East
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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