5 most expensive residential areas in Mumbai where high net worth individuals live
1) MALABAR HILL
From Nadir Godrej to Niraj Bajaj, several high-net-worth individuals have historically preferred to purchase a house in Malabar Hill in South Mumbai that has homes costing above ₹1 lakh per sq ft, according to local brokers
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2) ALTAMOUNT ROAD
This is another locality in South Mumbai that has the most expensive apartments in the country. Several industrialists reside in this area. According to local brokers, apartments in new projects on Altamount Road command a price of ₹90,000 to ₹1.30 lakh per sq ft
3) WORLI
It houses the country’s most expensive apartments, some of them priced at more than ₹100 crore. Bollywood actor Shahid Kapoor and Metro Retail Brands promoters have purchased homes in the above ₹1.25 lakh per sq ft price range in Worli
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4) BANDRA
This is a synonym for Bollywood where luxury apartments are available for almost ₹1 lakh to ₹1.30 lakh per sq ft. Several Bollywood personalities like Saif Ali Khan, Salman Khan, Shahrukh Khan, Aamir Khan, and Deepika Padukone own properties in Bandra
Photo Credit: Mehul R Thakkar/HT
5) JUHU
This is another Mumbai location with a heavy presence of Bollywood stars, TV actors, and budding actors. According to local brokers, it has several sea-facing apartments priced between ₹50,000 and ₹70,000 per sq ft