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Intro: 

Mumbai is not just the economic hub, but also the cultural and political hub of the country. Also known as the ‘Maximum City’, it is a dynamic metropolis that is always growing. 

About Real Estate in Mumbai 

Owning a house in Mumbai is a matter of prestige for most homebuyers. So, what is it about the city that draws so many to buy a property in Mumbai? The answer lies in its buzzing vibe. From corporate houses, spectacular seafronts, posh localities, gastronomic street food to heritage buildings- it paints quite a picture of its diversity.

Business opportunities, as well as its potential to offer a higher standard of living, attract from all over India, making the city a melting pot of many communities and cultures. These are the drivers of real estate and property rates in Mumbai.

Shift the key localities in Mumbai section here, followed by property prices, connectivity and upcoming infra upgrades. 

Few Lodha Projects in Mumbai

Here are some of Lodha Groups projects in Mumbai:
 

1. Lodha Vista – 2 BHK house in Lower Parel

Lodha Vista in Lower Parel is just the place for your family - an exclusive standalone tower rising to 33 floors with just four 2-bed apartments on each floor. With its contemporary facade, beautiful landscapes designed by globally renowned Sitetectonix (Singapore), world-class amenities and finest views of Mahalaxmi Racecourse and the Arabian Sea, Lodha Vista is sure to become the most coveted standalone residential tower in South Central Mumbai.
 

2. New Cuffe Parade

Inspired by city-centres across the world, New Cuffe Parade is Mumbai's upcoming city centre. Located in the heart of the city - less than 20 minutes from Fort and just10 mins from BKC via the BKC-Sion connector, it provides easy commute to all key business & leisure hubs.
 

Our OC-ready homes in Wadala around the city’s largest private space are now just 10 minutes from BKC. With open space of 15 acres – 3 times the size of Wankhede ground, world-class finishes gorgeous views, an ICSE school, Jain & Ganesha temples and the city’s best connectivity – to BKC, Fort and suburbs - New Cuffe Parade offers truly integrated world-class living at values which offer great appreciation potential.
 

3. Lodha The Park- Worli
 

Buying a house in Mumbai’s first true urban oasis, Lodha Park, a grand development in the heart of the city that is now OC ready and is blooming to life with possession commenced and families moving into ready development. It has a 7-acre private park that is inspired by the greatest urban parks of the world. Set in South Mumbai’s prime locale, Worli, OC received houses in Worli Lodha Park is a rich landscape designed to provide a multitude of experiences in a 17-acre neighbourhood.
 

4. Crown Thane

Lodha, India's No.1^ real estate developer, presents Crown Thane – a new brand of truly affordable homes that will ensure that every hardworking family in the Mumbai Metropolitan Region (MMR) can enjoy a life of no compromises, in a home that fills them with pride, at locations which ensure convenience and easy commutes. Jiyo Toh Aise!
 

Spread over beautiful 10# acres, with open green landscapes and world-class amenities, Crown Thane invites you to upgrade to a superior lifestyle. Part of a self-sufficient ecosystem, it comes with an ICSE school, shopping complex, wide roads and multimodal transport. Offering you a thriving ecosystem that ensures you live life with absolutely no compromises. Here you will find affordable 1 BHK and affordable 2 BHK houses in Mumbai

Factors Driving the Real Estate Market in Mumbai

Owning a house in Mumbai is a matter of prestige for most homebuyers. So, what is it about the city that draws so many to buy a property in Mumbai? The answer lies in its buzzing vibe. From corporate houses, spectacular seafronts, posh localities, gastronomic street food to heritage buildings- it paints quite a picture of its diversity.

Business opportunities, as well as its potential to offer a higher standard of living, attract people from all over India, making the city a melting pot of many communities and cultures. Being a financial capital, Mumbai witnesses high investor activity, resulting in the surge of demand for prime real estate space from business houses. This and several other growth factors drives the real estate market and eventually the property rates in Mumbai.

Key Localities in Mumbai

Key Localities in Mumbai
 

With the ever improving infrastructure, and builders coming up with houses for sale in Mumbai, every part of the city is a great place to reside!
 

1. Bandra
 

The Queen of Suburbs, or Bandra, is one of the most popular places in Mumbai. The suburb houses a variety of restaurants, cafes and shopping malls. If you wish to buy a flat in Mumbai in a plush and buzzing locality with a luxurious lifestyle, Bandra is the place to be.
 

2. Andheri
 

The largest suburb of Mumbai, Andheri is home to a large number of shopping malls, restaurants and a series of residential complexes. Many firms and businesses have opened up in Andheri in the recent years which have led to a multitude of flats for sale in Mumbai’s busiest area.
 

3. South & Central Mumbai
 

South Mumbai or ‘SoBo’, is one the most expensive real estate market not just in India, but globally as well. Places like Cuffe Parade, Napean Sea Road, Peddar Road are known for their sky-high property rates. Areas like Parel, Worli and Wadala are also attracting home owners with good developments. It’s a preferred choice for many of the expats in Mumbai.
 

4. Goregaon
 

With property rates touching new highs every day, Goregaon is one such place which offers affordable housing to many. If you are looking for cheaper flats on sale in Mumbai with good connectivity to other parts then Goregaon is a good choice. Connectivity through the Link Road and the Western Express Highway make Goregaon a key residential area of Mumbai.
 

5. Navi Mumbai
 

Navi Mumbai is a planned township developed by CIDCO. Colleges, IT companies, malls are at a person’s beck and call in Navi Mumbai. Panvel, Vashi, Ulwe are some of the popular residential areas in Navi Mumbai.
 

6. Thane
 

Ghodbunder road in Thane offers some of the cheapest houses for sale in Mumbai. The connectivity to the station is efficient and also there are plenty of basic and social amenities available everywhere. Addition to this Thane has also seen a lot of business setting up offices in the vicinity. It’s fast emerging as a IT hub.
 

7. MMRDA Region
 

Upcoming areas adjoining to Mumbai include the MMRDA belt which is gaining prominence in the last several years. The areas of Kalyan, Dombivili are attracting home owners as they offer affordable houses in close proximity to Mumbai.

Property Rates in Mumbai

From its connectivity to infrastructure to amenities and standard of living, Mumbai ranks as one of the top cities to live in. The vibe of this city attracts the working class from all over the country. That’s why property rates in Mumbai are mostly at an all-time high. Before you buy a flat in Mumbai, let’s take a look at the property prices in some of its upcoming and popular areas:

 

Area

Avg. price per sq.ft

Bandra West

3,750 - 1,33,333 / sqft

Andheri

 1,171 - 84,000 / sqft

Goregaon

 4,189 - 50,000 / sqft

Dadar

 1,296 - 67,241 / sqft

Chembur

 4,000 - 43,243 / sqft

Vashi

 1,800 - 50,000 / sqft

Panvel

 707 - 68,500 / sqft

Thane West

 813 - 1,54,545 / sqft

Prabhadevi

 36,471 - 47,727 / sqft

Worli

 1,712 - 94,340 / sqft

Lower Parel

 5,402 - 92,842 / sqft

Colaba

 26,667 - 77,778 / sqft

Cuffe Parade

 18,970 - 1,4,348 / sqft

Nariman Point

 36,667 - 1,37,500 / sqft

Fort

9,470 - 14,286 / sqft

Connectivity

Infrastructure and connectivity are the two main factors that directly impact the real estate market of a city. And Mumbai’s transportation network is one of the prime reasons why investors dream of owning a property in Mumbai.
 

Roadways
 

Mumbai- Pune Expressway connects Mumbai to the outskirts of the city like Lonavala and Pune. Other important highways are the Mumbai-Nashik Expressway and the Mumbai-Vadodara Expressway.
 

Inside the city, the Eastern Express Highway and Western Express Highway serve as major travelling routes. These highways are some of the reasons why there’s a spike in apartments in Mumbai.
 

Railways
 

The lifeline of Mumbai, as it is rightly called, is the railway network. Central Railway, Western Railway and Harbour Line connect people to almost every part of the city. Long-distance trains originate from Chhatrapati Shivaji Terminus, Dadar, Lokmanya Tilak Terminus, Mumbai Central and Bandra Terminus.
 

Airways
 

The Chhatrapati Shivaji International Airport is the busiest airport in India. An additional airport at Navi Mumbai has been sanctioned by the Indian Government which will help in relieving the traffic burden on the existing airport. Property in Mumbai’s western suburbs like Andheri and Santacruz are costly due to their proximity to the airport.
 

 

Metro & Monorail
 

The Mumbai Metro originates from Ghatkopar and stretches up to Andheri, thus connecting the central to the western line easily. In addition to this, work for several other metro routes is underway and they will boost the connectivity even further. The Monorail, on the other hand, stretches from Chembur to Wadala. Buying a house in Mumbai’s central and eastern suburbs due to these modes of transport is proving to be very profitable for buyers.

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