Mumbai’s residential hubs – II
While to many Mumbai can seem like a city of contrasts to many, it is undeniable that its diversity is what draws people to it. This diversity is well documented in its residential hubs as well. While places like Bandra seem to be the purvey of the rich and famous, Mulund stands proud as a bastion of middle class swag. Here are a few more residential hubs that will really give you a sense of the kind of city Mumbai is, through its suburbs.
- Powai: The only claim Mumbai has to a lakefront development, the story of Powai’s meteoric rise as one of the city’s most sought after residential addresses is astounding. Around the early 2000s the clamour for commercial space to house ITeS companies saw the opening up of iconic offices in this area. Soon a slew of infrastructure and connectivity projects saw Powai become a residential goldmine. Today some of Mumbai’s most reputed builders and construction companies have developments in this area. The going rate in Powai today (15-23k per sq.ft) has also made it an attractive investment destination for both locals and NRIs respectively.
- Goregaon: If Powai can lay claim to a lake, Goregaon is home to the city’s biggest green lung, the Aarey Milk Colony. A true cosmopolitan mecca in the maximum city, Goregaon is home to some of the most iconic shopping, entertainment and educational institutions in the city. Connectivity is seamless thanks to the Western Express Highway, the Jogeshwari-Vikhroli Link Road, SV Road and the BorivaliBandra Link Road. Mumbai’s legendary lifeline, the local railway network also has trains connecting the suburb to where all the action is. A flat in this residential neighbourhood will cost around 12 to 20k per square foot.
- Santacruz: A recent survey revealed that Santacruz, and not Bandra or town, has Mumbai’s most affluent, with 1 in every 600 people here a virtual millionaire (in the very least). A heady mix of traditional East Indian Gaothans (Vakola and Kalina) and modern neighbourhoods (Juhu/Linking Road), Santacruz has an interesting mix happening. Connectivity isn’t a problem here at all with the city’s most prime infrastructure in terms of road, rail and air (yes the Mumbai Domestic Terminal) prepped and ready to serve. So a flat in Mumbai’s Manhattan or Chelsea, will set you back by around 26-45k per square foot.
- Andheri: From a dynamic shopping scene, to offices aplenty; from the best of schools to the most comprehensive healthcare, Andheri is a perfect neighbourhood. Always well connected, Andheri also represents both a functional and aspirational side to the city’s real estate market. From the glitzy neighbourhoods like 4 Bungalows and Lokhandwala to the more upper middle class havens of Mahakali and Takshshila, Andheri definitely represents Mumbai’s ‘something for everyone vibe’. A place in Andheri, on an average will cost between 16 to 27k per square foot.
Mumbai is a colossal city and as such has much more to offer in terms of residential options. It definitely encompasses an inclusive vibe and we will further demonstrate this by covering a few more residential hubs later on.