Rs. 31,500 to Rs. 76,500 is the latest per sq. ft price range of South Mumbai based on different localities. To know the price appreciation of localities for buying home in South Mumbai, refer to this article.
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South Mumbai: Real Estate Capital Of India
South Mumbai, the historic heart of India’s financial capital, Mumbai, continues to be a vibrant and dynamic real estate landscape in 2023.
The region boasts a blend of rich history and modern luxury, making it a sought-after destination for both residential and commercial investments.
Recent trends show a growing demand for luxury apartments and penthouses, while infrastructural developments and the appeal of the city’s culture contribute to its allure.
The high cost of real estate properties in South Mumbai is attributed to limited space for fresh development, with property values remaining elevated.
Notably, the city recorded an impressive 10,550 property registrations in August 2023, reflecting the ongoing interest in real estate in the area.
With continued growth and evolving market trends, South Mumbai’s real estate market remains one of the most dynamic and attractive in the country.
Why Invest In South Mumbai
South Mumbai is a hub of commerce, culture, and history in Mumbai. It has a mix of old-world charm and modernity, making it a must-visit for tourists and a sought-after residential area for many.
Specifically for residential growth, SoBo has a number of reasons that make it stand unique compared to other cities or localities.
Out of those, the factors that hold a major portion of the real estate growth of South Mumbai are listed below.
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Diverse Connectivity & Infrastructure Options
Effortless connectivity to other parts of the city is a must. And South Mumbai fulfills it.
The major accessibility-enhancing options available for you in South Mumbai are the Lower Parel business district, Bandra-Kurla Complex, Eastern Express Highway, suburban railway access to Navi Mumbai, Lalbaug flyover, Bandra Worli Sealink, Chhatrapati Shivaji International Airport, etc.
The nearest prominent business hubs close by are Ballard Estate & Nariman Point.
To attain a quality education, J B Petit High School, Bombay Scottish School, Cathedral & John Connon School, etc are nearby.
Having the best medical facility close to your residence is a must. For that Jaslok & Breach Candy Hospital is available here with decades of experience.
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Well Established Localities
A major portion of the localities of South Mumbai is growing faster than it expected to be.
This is pushing South Mumbai to achieve more growth year over year.
Worli, Malabar Hills, Marine Drive, Churchgate, Prabhadevi, Colaba, Matunga, Parel, Dadar, etc are a few of the stand-out localities of South Mumbai.
And these are also the major destinations of real estate examples in Mumbai.
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Extraordinary Future Growth Potential
Knowing the growth potential of property prices in the future is one of the basic but prominent factors to look up to.
Analyzing the year-over-year price growth helps to identify the future growth possibility of the locality.
Talking about the localities of South Mumbai, the top ones have achieved a 14.5% price appreciation.
The developing ones have 5.5% to 9% price appreciation which maximizes the possibilities for buying flats at the mid-segment or affordable segments.
Property Rates In South Mumbai
Rs. 53,600 is the average per sq. ft price in South Mumbai considering the multiple localities.
The fact that you need to be aware of is there are a number of localities that help homebuyers have affordable, mid-segment & premium options.
Rs. 31,500 to Rs. 76,500 is the per sq. ft price range of South Mumbai helping every individual to buy an affordable to highest rating & premium apartments.
To know the price of specific localities & the year-over-year price appreciation of South Mumbai have a look at the list below.
| Localities In South Mumbai | Average Per Sq. Ft Price | YoY Price Appreciation |
| Worli | Rs. 58,000 | 12% |
| Dadar West | Rs. 53,000 | 7% |
| Malabar Hill | Rs. 76,500 | 4.5% |
| Prabhadevi | Rs. 56,500 | 8% |
| Parel | Rs. 41,000 | 5.3% |
| Lower Parel | Rs. 48,550 | 3% |
| Marine Drive | Rs. 68,800 | 7.5% |
| Matunga | Rs. 47,500 | 5.5% |
| Colaba | Rs. 46,500 | 3% |
| Mahalaxmi | Rs. 54,000 | 3.2% |
| Churchgate | Rs. 61,700 | 9.1% |
| Parsi Colony | Rs. 31,500 | 14.5% |
South Mumbai: Review & Ratings By Residents
Summarizing the reviews of South Mumbai from the actual residents was an easy outcome. Why so?
It is because people out there had most of the positive reviews & ratings for the living environment, connectivity, safety & lifestyle of South Mumbai.
- Lifestyle In South Mumbai
The urban lifestyle of the residents is one of the common positive reviews of most of the residents. This helped them to have an enriching & unique living experience.
Lifestyle: 4.5/5
- Environment Of South Mumbai
Clean & hygienic approach, beautiful atmosphere, multiple nearby localities, etc make the living environment in South Mumbai the best one.
Environment: 4/5
- Safety In South Mumbai
As per the residents, there are rare crimes reported & the place is also safe at night.
Safety: 4.3/5
- Connectivity In South Mumbai
Multiple nearby railways, roadways, sea links, express highways & airport maximizes the accessibility to South Mumbai.
Connectivity: 4.5/5
Best 1 BHK For Buying Home In South Mumbai
Rs. 81 Lakhs to Rs. 1.8 Cr is the price range of 1 BHK flats at the best projects in South Mumbai.
The Top 5 astonishing view 1 BHK flats in South Mumbai at the top developer’s residences of the localities.
- Siddha Sky
The Siddha Sky 1 BHK flats in South Mumbai start from Rs. 1.66 Cr for 428 sq. ft.
- The Baya Central
The Baya Central 1 BHK flats in South Mumbai start from Rs. 1.5 Cr to Rs. 1.8 Cr for 362 sq. ft to 441 sq. ft.
- Ruparel Vivanza
The Ruparel Vivanza 1 BHK flats in South Mumbai start from Rs. 1.35 Cr for 424 sq. ft.
- Ruparel Millennia
The Ruparel Millennia 1 BHK flats in South Mumbai start from Rs. 1.3 Cr for 410 sq. ft.
- Siddha Great Guarantee
The Siddha Great Guarantee 1 BHK flats in South Mumbai start from Rs. 81 lakhs to Rs. 90 lakhs for 404 sq. ft to 428 sq. ft.
Best 2 BHK For Buying Home In South Mumbai
Rs. 2.48 Cr to Rs. 4.75 Cr is the price range of 2 BHK flats at the best projects in South Mumbai offering diverse options of carpet areas.
The Top 5 high ceiling 2 BHK flats in South Mumbai at Grade A developers of real estate is listed below.
- Dosti Passcode Stardeck
The Dosti Passcode Stardeck 2 BHK flats in South Mumbai start from Rs. 2.54 Cr for 766 sq. ft.
- Ajmera Codename NYC
The Ajmera Codename NYC 2 BHK flats in South Mumbai start from Rs. 2.53 Cr for 750 sq. ft.
- Shapoorji Pallonji Hello EPIC
The Shapoorji Pallonji Hello EPIC 2 BHK flats in South Mumbai start from Rs. 2.5 Cr for 616 sq. ft.
- Godrej Horizon
The Godrej Horizon project 2 BHK flats in South Mumbai start from Rs. 2.48 Cr for Rs. 3.15 Cr for 639 to 828 sq. ft.
- Birla Niyaara
The Birla Niyaara 2 BHK flats in South Mumbai start from Rs. 4.75 Cr for 849 sq. ft.
Best 3 BHK For Buying Home In South Mumbai
Rs. 1.93 Cr to Rs. 15.45 Cr is the price range of 3 BHK flats at the best projects in South Mumbai.
The Top 5 upscale 3 BHK flats in South Mumbai located at the perfect destination for better price appreciation are listed below.
- Sugee Marina Bay
The Sugee Marina Bay 3 BHK flats in South Mumbai start from Rs. 11.5 Cr for Rs. 15.45 Cr for 1817 sq. ft to 1847 sq. ft.
- Godrej Matunga
The Godrej Matunga 3 BHK flats in South Mumbai start from Rs. 10.26 Cr for 1410 sq. ft.
- Ahuja Altus Towers
The Ahuja Altus Towers 3 BHK flats in South Mumbai start from Rs. 7.7 Cr for Rs. 7.84 Cr for 1523 sq. ft to 1550 sq. ft.
- The Exclusif Selection
The Exclusif Selection 3 BHK flats in South Mumbai start from Rs. 2.72 Cr to Rs. 2.96 Cr for 965 sq. ft to 1040 sq. ft.
- Passcode Live More
The Passcode Live More 3 BHK flats in South Mumbai start from Rs. 1.93 Cr for 866 sq. ft.
FAQs
| What is the latest per sq. ft price in South Mumbai?
Rs. 53,600 is the latest average per sq. ft price in South Mumbai. |
| What is the range of property rates in South Mumbai?
Rs. 31,500 to Rs. 76,500 is the price range of per sq. ft property rates in South Mumbai. |
| Which are the best 1 BHK options for buying home in South Mumbai?
Siddha Sky, The Baya Central, Ruparel Vivanza, Ruparel Millennia & Siddha Great Guarantee are the best projects in South Mumbai with luxurious 1 BHK flats. |
| Which are the best 2 BHK options for buying home in South Mumbai?
Dosti Passcode Stardeck, Ajmera Codename NYC, Shapoorji Pallonji Hello EPIC, Godrej Horizon & Birla Niyaara are the best projects in South Mumbai with urban style 2 BHK flats. |
| Which are the best 3 BHK options for buying home in South Mumbai?
Sugee Marina Bay, Godrej Matunga, Ahuja Altus Towers, The Exclusif Selection & Passcode Live More are the best projects in South Mumbai with spacious 3 BHK flats. |
