Mumbai or Bombay, as some sentimental people prefer to call it, once an archipelago of seven islands, is today a thriving metropolitan and the financial capital of India. It is a city bursting at the seams, what with thousands thronging to it, hoping the magic of the city rubs off on them too. Space has always been a constraint here because of which the city has grown vertically rather than horizontally. Mumbai has certain residential areas which are real estate gold as far as their value is concerned.
While most people in Mumbai choose a home which is closer to their work place, there are others who don’t mind a long daily commute as long as they get to stay in the area of their choice. Here’s a list of 10 areas in Mumbai which are an ideal place to own a home in –
So-Bo (South Bombay): Another old colloquial term for South Bombay is Town. Areas such as Cuffe Parade, Altamount Road, Neapensea Road, Malabar Hill etc. are its part. These are super- posh, exclusive and extremely expensive areas of the city. Some of Mumbai’s biggest movers and shakers happen to live in these areas (the Ambanis’, the Godrejs’ and the Tatas’ to name a few). The property prices in South Bombay are sky high and many people choose to live on rent here.