Mumbai, the capital city of Maharashtra, is India’s most populous city and also named as an alpha world city. It is the bustling metropolis of dreams, and offers a plethora of options when it comes to choosing the perfect location to buy a flat in this vibrant city. Boasting remarkable civic amenities, well-developed social infrastructure, and a sea of employment opportunities, this city attracts people from all over the world. In this comprehensive guide, Jugyah will let you explore the top 10 areas that stand out as the best places to buy a flat in Mumbai.

Top 10 Areas to Buy a Flat in Mumbai

Thane - ‘City of Lakes’

Thane, one of the most popular and expensive towns in India, boasts excellent connectivity to Mumbai and the rest of the metropolitan region like Kalyan, Bhiwandi, Vasai-Virar, and Mira Road. It offers a range of residential options, from affordable apartments to upscale complexes, one of the best places for investment just outside Mumbai. Thane's green surroundings, well-planned infrastructure, and growing business hubs make it a sought-after choice for both residential and commercial properties. The average sale price for an apartment in Thane is around Rs 11,590 per square foot.

Panvel - ‘The Gateway of Konkan Coast’

Panvel, located in Navi Mumbai, is an emerging residential and commercial hub, making it an excellent choice. Its strategic location near major highways and the top-notch infrastructural facilities of the upcoming Navi Mumbai International Airport as well as a new local train route that will connect Panvel with CST and other prominent towns has sparked interest among investors. Panvel offers a mix of budget-friendly and luxurious housing options.

The average sale price for an apartment in Panvel is around Rs 8,211 per square foot.

Andheri - ‘Busiest Railway Station in India’

Andheri, divided into East and West, is a bustling suburb known for its vast connectivity, vibrant lifestyle, proximity to entertainment hubs, and thriving commercial areas. Andheri offers a mix of residential and commercial properties, making it suitable for both homebuyers and investors. The plethora of commercial centers ensures employment opportunities for all. The average sale price for an apartment in Andheri East is around Rs 19,556 per square foot.

Marol - ‘luxury locality’

Marol, situated in Andheri East, is another promising locality known for its proximity to the Chhatrapati Shivaji International Airport and the Mumbai Metro.With its excellent metro connectivity and proximity to the commercial hub of Andheri, Marol attracts professionals working in the area. The locality consists of a major chunk of ready-to-move units, mostly developed by premium developers. The average sale price for an apartment in Marol is around Rs 20,000 per square foot.

Navi Mumbai - 'World's largest, planned, well-balanced, modern city’

Navi Mumbai, offers a multitude of sectors and nodes, each with its unique charm. With its well-developed infrastructure, large roads, and public parks, Navi Mumbai provides a good quality of life at relatively affordable prices. From Vashi to Kharghar, Navi Mumbai has a wide range of prominent localities and neighborhoods. Excellent infrastructure, green spaces, and proximity to IT parks make it an attractive choice.

The average sale price for an apartment in Kharghar, one of the prominent localities in Navi Mumbai, is around Rs 9,505 per square foot.

Kandivali - ‘Inhabited since Stone-age’

Kandivali, in Mumbai's western suburbs, offers a blend of affordability and convenience, making it an attractive location to buy a flat in Mumbai. It has witnessed significant residential development, making it a popular choice for families. Kandivali's connectivity and proximity to essential amenities makes it a well-rounded option.

The average sale price for an apartment in Kandivali is around Rs 17,500 per square foot.

Borivali - ‘named after sweet berry - borr’

Borivali, another western suburb, is known for its green cover and serene surroundings. It offers a variety of housing options, including spacious flats and complexes. Borivali West is a very safe area to stay in. It has a good community spirit and great civic amenities such as decent roads, good schools, restaurants, shops and hospitals all well within reach The average sale price for an apartment in Borivali is around Rs 20,000 per square foot.

Goregaon - ‘home to a diverse flora and fauna’

Goregaon, suburb of Mumbai city, with its fast-paced development, has emerged as a real estate hotspot. Located between Andheri and Malad, with its proximity to commercial hubs like Andheri-Borivali region and excellent connectivity to railway stations, airports, and bus stops, Goregaon offers convenience and accessibility. It boasts a range of housing choices, from budget-friendly apartments to luxurious towers. Proximity to entertainment zones and business districts adds to its allure. The average sale price for an apartment in Goregaon is around Rs 18,604 per square foot.

Ghatkopar - ‘home to one of the most awe-inducing Khau Gallis’

Ghatkopar, in eastern Mumbai, is a vibrant residential area with a mix of traditional and modern elements. With its excellent connectivity to major business districts and well-developed social infrastructure, Ghatkopar offers a desirable living experience. The average sale price for an apartment in Ghatkopar is around Rs 18,000 per square foot.

Wadala - ‘one of the seven islands of Bombay’

Wadala, in South Mumbai, has witnessed a transformation in recent years. With the advent of modern complexes and infrastructure, it has become an up-and-coming residential hub. With its excellent infrastructure and well-connected network of highways, Wadala is attracting homebuyers and investors alike.

The average sale price for an apartment in Wadala is around Rs 22,234 per square foot.

Conclusion

Choosing the best area to buy or rent a flat in Mumbai is a decision influenced by your lifestyle, preferences, and priorities. From the well-connected Thane to the up-and-coming Wadala, each locality has its unique appeal and investment potential. Whether you are a homebuyer or an investor, these top 10 areas to buy a flat in Mumbai provide excellent options to suit your needs and budget.