Best Residential Areas in Mumbai for Families | Top Localities for Comfortable Living

Mumbai is India's financial capital, there is a great stratification of each section of society and henceforth the residence that would suit them. One of the unique features of Mumbai is that it is inhabited by people coming from all over the country and Mumbai provides the best living options that suit their needs and budget. Several modern housing projects are being constructed in Mumbai to accommodate the upcoming inhabitants

From single occupancy luxurious apartments to family friendly gated housing communities, Mumbai has it all.

Not only this, the living conditions in Mumbai are among the best in the whole country. There are well developed social and infra facilities with huge employment opportunities, better healthcare services, top schools and higher educational institutes, shopping malls and entertainment hubs. Thus all contributing to a wholesome living.

How to find the Best Residential Areas in Mumbai

Since Mumbai is the desired address for the Residential real estate property but not all the available options will suit you. You need to find your preferences and purpose to buy the property in Mumbai in order to make the best deal. However here are some of the features that you should keep in mind while looking for residential property in Mumbai.

Infrastructure Growth

An ideal residential complex must have good connectivity and road facilities. Projects like the Coastal Road, Mumbai Metro expansion, and Navi Mumbai International Airport boost property values.

Diverse Options

Mumbai is perfect in all forms of houses because it provides various residential complexes. It has luxury apartments in Worli and has affordable homes in Thane and the Navi Mumbai homes, suitable to all investors.

Social and infra facilities

An ideal residential complex must have social and infra facilities in close proximity such as schools, parks, hospitals, malls, and employment hubs.

High ROI Potential

Properties with high ROI are in demand nowadays, and Mumbai consistently delivers high returns on investment, especially in prime locations like South Mumbai, Bandra, and Lower Parel.

Rental Demand

Mumbai sees robust demand for rental properties due to its status as India's financial and entertainment hub.

Development Projects

Such places with development projects also guarantee a better future with the developing residential complexes, IT projects in the area, and the accessibility of places such as NESCO and Film City, which defines Mumbai as a better option over the Oshiwara District Centre (ODC) development, which attracts investors and homebuyers.Examples include Goregaon (East and West) that is fast developing with modern residential complexes, IT projects, which are in the area, and is close to commercial centers such as NESCO and Film City.

Mumbai Best Residential Areas.

The decision to venture into the real estate in Mumbai is entering a very dynamic market in India

The city has luxurious apartments in South Mumbai, as well as affordable flat in Navi Mumbai, which are a good residential choice to its families, professionals and long-term Mumbai real estate investment seekers. These are some of the most residential places in Mumbai that have good connectivity, lifestyle services and impressive capital appreciation in Mumbai real estate.

Lower Parel

Famous residential complexes, corporate offices and night life. The average per square foot price of property is 45,934, which shows a 13.87-year-on-year growth.

The flats sold in Lower Parel will be in the following price range:

• 1 BHK Flats: ₹78 lakh to ₹2.24 crore
• 2 BHK Flats: ₹2.30 crore to ₹5.30 crore
• 3 BHK Flats: ₹5.15 crore to ₹12.98 crore
• 4 BHK Flats: ₹8.31 crore to ₹20 crore

Powai

The modern infrastructure, lakeside views, and tech parks make it a well-planned locality.

Powai primarily sells studio apartments - to people who want to live in smaller and less expensive units, these apartments often merge the living room, bedroom, and kitchenette into one, and as such, they will be appealing to single people or young workers.

Thane (Pokhran Road, Ghodbunder Road).

Becoming popular with its contemporary townships and relatively low cost of luxury.One of the fast growing regions with high-end properties such as Piramal Vaikunth. It is close to industrial centers and accessible through the Eastern Expressway, which adds value to it. This is an average rate of property of about 12,456 per sq ft.

Navi Mumbai (Palm Beach Road, Seawood)

Palm Beach Road is noted for its growth and well-planned infrastructure, as well as for its scenic views. As a result of the proximity of the new Navi Mumbai International Airport to this area, its attractiveness has only increased. The area also provides an excellent social infrastructure, including many educational and healthcare facilities.

Property prices in this area range from ₹10,000 to ₹20,000 per square foot. Year-on-year price growth for the last year was 2.51%.

Goregaon (East & West)

Both Goregaon West and East are places undergoing very rapid development and growth due to the development of new residential properties (modern residential apartments), new IT hubs, and because of their proximity to commercial hubs, such as NESCO and Film City.

Goregaon East: The Goregaon East area has a wide variety of residential properties available, ranging from budget / affordable apartments to luxury residences. There are excellent road and rail connectivity in Goregaon East through the Western Express Highway and the Goregaon railway station, which helps make living there and commuting both easy and effective. Property prices in Goregaon East are approximately ₹19,001 per square foot with the lowest priced property at ₹7,608 per square foot.

Goregaon West: Goregaon West is a mix of premium and budget-friendly properties. Its location has good connectivity via the Western Express Highway and the Goregaon railway station, providing residents both easy mobility and commuting possibilities. The average property price in Goregaon West is approximately ₹22,458 per square foot and the lowest price for a property in this area is around ₹1,600 per square foot.

Andheri

A Town for Everyone! Andheri, A Bustling Suburb Divided into East & West. But it is also Known as the "Hollywood of India," the "Hub of the Entertainment Industry," and the "Home of Film City." Additionally, and Vendor City is one of the Cities with an explosion of Job Opportunities and Business Opportunities! The Close proximity to the International Airport & Major Train stations provides Excellent Connection Options with the rest of the City, so whether you are looking for modern High-Rises, or Affordable Living, Andheri has a Wide Variety of Residential Options!

Malad

A Serene Suburb Surrounded by Nature! For those Who Want the Calmness of Nature but still want the Convenience of a Suburban Development, Malad is the Ideal Choice. Located in the Northern Parts of the Western Suburbs, Malad Offers Beautiful Beach Fronts, Lush Forests, and Quiet Parks, Combined with a Thriving Beach Community! Malad has a Diverse Selection of Housing, From Affordable Multistory Apartments to Luxurious Gated Communities, so it's an Excellent Option for Families.

Worli

Worli is strategically located, granting access to prominent business districts without the hassle of travelling long distances, making it a prime area for professionals and small business owners alike. Sea views and luxurious lifestyle features also impact property value. Residential real estate activity in Worli is centered around the luxury segment, as evidenced by a large number of ultra-luxury residential purchases.

Panvel

Panvel is located in the Raigad District of Maharashtra and is an important geographic hub within the Mumbai Metropolitan Region (MMR). Panvel has been boosted to major residential status due to its proximity to the Mumbai-Pune Expressway and the development of new infrastructure. In Panvel, there are many residential options to choose from, including apartments, single-family homes and plots of land available for those at all budget levels.

Why Mumbai is One Of The Best Cities For Investing In Residential Property

• Mumbai is known for its industrial presence in many different areas including finance, real estate, technology, and film and entertainment; therefore, it continues to attract a large number of people across many professions. As the largest city in India and third largest globally, Mumbai has numerous factors making it an attractive city to invest in residential real estate.
• As India’s chief financial hub, Mumbai has many large financial firms including the Bombay Stock Exchange (BSE), the National Stock Exchange (NSE), and the Reserve Bank of India (RBI), which draws professionals who work in various sectors.
• There Is Something For Everyone in Mumbai— For every income level, there are diverse housing options within the city. Whether you're looking to live in a luxury apartment with a sea view in South Mumbai or affordable housing in the suburbs like Thane or Navi Mumbai, you will find something here.
• Mumbai Is Constantly Developing Their Infrastructure—New infrastructure projects are constantly being developed to improve the infrastructure of Mumbai, making it easier to connect with newer residential areas.
• A Better Quality of Life—Mumbai also happens to be home to some of the most popular social hotspots. Examples of these include Bandra, Juhu, and Lower Parel.

Developmental projects in Mumbai

• Goregaon (East & West): Rapidly developing with modern residential complexes, IT hubs, and proximity to commercial centers like NESCO and Film City.
• Oshiwara - Jogeshwari : The developmental activities in the Oshiwara District Centre (ODC) area are benefiting both areas, resulting in both homebuyers and investors coming into the area. Newer developments are now accessible via infrastructure improvements made by the Mumbai Coastal Road, Metro expansions, and Trans Harbour Link projects. South Mumbai has a number of luxurious sea-view apartments, while Thane and Navi Mumbai offer affordable housing options. Integrated townships with modern amenities also provide many options for choosing where to live.
• Investors can expect low-risk investments on residential properties within prime residential areas like Worli, Lower Parel, BKC, and Thane due to the consistent growth in property value within these areas.

New Developments: Housing in Mumbai

• Prestige Jijamata Nagar: Located in Worli, this home development provides modern homes with luxury amenities. This prime location provides excellent access to both existing and future amenities such as the Worli Sea Link, Eastern Express Highway, Coastal Road Project, and Metro Line 4 extension.
• Prestige Nautilus: Also located in Worli, the Prestige Nautilus has 2-bedroom and 3-bedroom apartments, with access to the following amenities: swimming pool, café, gymnasium, children's play area, etc. Close to R City Mall and Phoenix Marketcity, there are also schools and hospitals nearby.
• Mahindra Codename GreenLife: Mahindra Codename GreenLife is situated in Saravali, Ranjnoli. The project is spread over an area of more than 10 acres and has 1- , 2- and 3-bedroom apartments designed as eco-friendly homes with an emphasis on delivering green space and modern amenities.
• Bhoomi Simana: Bhoomi Simana is located in South Mumbai and is built on 5.4 acres. It offers ultra-premium 2 and 3.5 bedroom apartments and comes with a number of high-end amenities, including: a multipurpose lawn; a coffee shop; a gymnasium; a clubhouse; a swimming pool; and fantastic views of the Arabian Sea.

Summing Up

Now that you're here you get a good brief of some of the best residential areas in Mumbai from the above article. Still finding a house in Mumbai is really a big deal, with such a huge variety of residential real estate, getting a house for the family and every facility in the nearby area is a big task. But here is one more thing for you. This big chunk of worry will be solved with our professional experts at MoneyTree .

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