Every area in Mumbai has a different real estate market value, dependent on the facilities and infrastructure available. However, certain city areas have become more popular with homebuyers for various reasons. This blog provides a sneak glance at some of these coveted residences in Mumbai. You may search for affordable properties in Mumbai.
The mega-metropolis of Mumbai is frequently considered by those looking for a property. But with so many alternatives, it may be challenging to pick a place that offers the ideal balance of price, amenities, infrastructure, connection, and cost of living in Mumbai.
The Top places to Live in Mumbai
Kandivali East, Mumbai
In Mumbai's western suburbs, Kandivali East is a well-known residential and industrial district. This region is dominated by high-rise residential units, with property values averaging roughly Rs 18,700 per sq ft. The key growth engine in this area is its proximity to employment centres like Charkop Industrial Park, Akurli Industrial Estate, and Ruby Crescent Business Boulevard. The monthly rent for a two-bedroom apartment in Kandivali East is between Rs 33,000 and Rs 34,000.
Goregaon East, Mumbai
A prominent residential place in Mumbai's western suburbs, Goregaon East is home to one of the city's largest railway stations, with seven platforms used by both the Western Line and the Harbour Line. The demand for rentals is driven by proximity to businesses like Nesco IT Park, Infinity IT Park, Nirlon Knowledge Park, and Film City. Rent for a 1 BHK flat starts at Rs 24,000 per month. Goregaon East homebuyers have demonstrated a significant preference for one-bedroom apartments in the last year. However, 2 BHK and 3 BHK homes are the most plentiful here.
Andheri West, Mumbai
Andheri West is a developed area with decent infrastructure, close access to job centres, and good connection. The area is popular among renters, including several multi-story apartment buildings and cooperative housing groups. The average monthly rent for a two-bedroom apartment in Andheri West is roughly Rs 56,000. Over 40% of the current housing inventory is 2 BHK homes, with property values ranging between Rs 50 lakh and Rs 2 crore.
Mulund, a well-developed area with a 2% YoY increase in average property values, has many ready-to-move residential units. Most Mulund purchasers pick 1 BHK apartment for less than Rs 50 lakh. A dedicated train station on the Mumbai Suburban Railway network's Central Line and closeness to the Eastern Expressway Highway (EEH) provide a comfortable journey. Because of its connection, greenery, and industries located along LBS Road, the district is popular among both high and middle-class groups. On average monthly rent in the region for a 1 BHK flat in Mumbai is approximately Rs 23,000.
Malad East, Mumbai
Malad East is an important locality ahead of Andheri on the Western Suburban Line. The area has become a mid-segment market preferred mainly by professionals working in the Andheri-Borivali area. Within an 18-kilometre radius, some well-known business giants have offices in Andheri East and Bandra-Kurla Complex (BKC). In addition, the projected Harbour Line expansion would increase the number of local trains in Malad, making the trip easier. Malad East, a vibrant retail area, provides premises starting at Rs 19,200 per sq ft, and monthly leases begin at Rs 24,000.
Chembur is an East Mumbai residential and business area. The region is divided into several colonies, the most popular of which are Yashwant Nagar, Siddharth Colony, Tata Colony, and Rahul Nagar, with 2 BHK being the most popular format. Govandi borders it on the east, Trombay on the south, Ghatkopar on the north, and BKC and Sion on the west. BKC and Lower Parel are about 8-10 kilometers apart, making it a popular area in Mumbai.
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Q 1. What are the Best Places to Live in Mumbai for families?
The best places to live in Mumbai with families at a very affordable price are Kandivali east, Goregaon east, and Mulund.
Q 2. Which is the Best Area to Live in Mumbai?
The best areas to live in Mumbai are Chembur,Mulund, Malad east. These places are budget-friendly.
Q 3. Which are the Cheapest Places in Mumbai to Stay?
Mumbai has no cheaper locations; even 1 RK would cost more than Rs. 10,000/- per month in rent. The following places are worth a shot: Vasai, Thane, Airoli, Bandra East, Kurla East, Sandhurst Road, Jogeshwari East, Bhandup, Nerul, Mumbra, Mankhurd, Belapur, Dombivali, and Kalyan.
Q 4. What are the Posh Areas to Live in Mumbai?
Altamount Road, Cuffe Parade, Powai, Tardeo, Breach Candy, Mahalaxmi, and other posh areas in Mumbai.
Q 5. How to find the best place to Live in Mumbai?
You can easily find a place to live in Mumbai by searching honestbroker.in.
Q 6. What is the Cost of living in Mumbai?
Mumbai's Cost of living is influenced by several factors, including location, kind of housing, monthly rent, commute time, and financial situation. Mumbai's average monthly Cost of living can range from Rs. 40,000 to Rs. 60,000.
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