Good and Affordable Localities to Buy Residential Properties
                     Good and Affordable 
Localities to Buy Residential 
Properties in Mumbai
Mumbai-the commercial capital of the country and home to the Indian film industry, has always been a preferred 
choice for buying, selling or renting properties in India. It is recognized as an IT/ITES hub and this has led to a 
thriving demand for properties. Despite the skyrocketing real estate prices, the city has something to offer for every 
class of the society to invest in real estate.Due to large scale urbanization in the suburbs, Mumbai is expected to see 
very high demand for residential space of approximately 16.40 lakh units. The mid-scale and affordable housing in 
suburban and peripheral areas will be the focus of this demand.The eastern suburban areas of Navi Mumbai, like 
Kharghar, Airoli, CBD Belapur, and Sanpada which have been getting a lot of infrastructural developments,happen to be 
good investment options. Rates in Navi Mumbai range between Rs.3000 to Rs.5000 per sq ft. 
While the North Western and Eastern suburbs continue to be the preferred locations; in Mumbai, the demand has 
continued and there are some new projects coming up in South Mumbai. Also, Central Mumbai areas e.g. Wadala, Sion 
etc are coming up with new residential ventures.Navi Mumbai is getting the larger share of the pie, as most of the real 
estate projects are coming up here and the prices are affordable as compared to Mumbai. Many options are still 
 available in Mumbai, wherein you can afford to have an abode of your own.  Lets have a look at a few of them:
Kurla- One of the major suburb of Mumbai, the suburban railway station lies on the Central and Harbour line. 
Lokmanya Tilak Terminus lies near to the Kurla Suburban Station, which is a terminus for out passenger/express 
trains. It has its own railway junction and is 3.5 Kms away from the domestic airport and 13.5-14kms from Mumbai 
Central and Mumbai CST respectively. The locality has got Engineering Colleges as well, apart from lots of schools 
and various other educational institutions.
Borivali- The Borivali suburban railway station is on the Western Line. Located in the North-Western Mumbai, it 
isone of the few places in the world that has got a National park within the city limits-The Sanjay Gandhi National 
Park.There are a number of well known educational institutions managed by the Franciscan Brothers. The very 
famous amusement park, "Essel World" and Asia's largest water park "Water Kingdom" are located here. It is at a 
distance of approximately 18 Km from the airport and 32 Km from the Mumbai Central.Sion- The Sion suburban 
railway station lies between Matunga and Kurla on the Central line.  There are a few residential projects coming up in 
this area. The Central Labour Institute is nearby and other schools and colleges are also there. Not only the local 
trains, but also the Sion BEST bus depot connects it well to other localities like Wadala, Dadar, Antop Hill, Bandra 
etc.
Vikhroli- This Mumbai suburb has a railway station with the same name on the Central line. Similar to many other 
areas in Mumbai, it is divided by the railway line between two parts, namely Vikhroli East and Vikhroli West. 
There has been a proposal for a bridge to be built over Thane creek to Kopar Khairne, Navi Mumbai, the third 
linkage between Navi Mumbai to Mumbai. It lies between the Ghatkopar and Kanjurmarg Suburban Railway Stations.
Chembur- Located 22 Km to the North-East of Churchgate, Chembur is located in the eastern part of Mumbai. The 
Suburban Railway station of Chembur is on the Harbour Line. Owing to its central location, it is well connected via roads 
to Navi Mumbai, Ghatkopar, Sion, Kurla, Mulund, Mankhurd, Panvel and Thane. The NG Acharya Garden or Diamond 
Garden, Sandu Garden and Pestom Garden. are the major attractions of Chembur. It is about 20 Km from the 
international airport and 18 Km from the CST railway station.
Jogeshwari- Jogeshwari Suburban Railway station lies on the Western Line between Andheri and Goregaon. 
Jogeshwari-Vikhroli Link Road or JVLR, as it is popularly known connects it to the central suburb of Vikhroli. The place 
is mostly inhabited by Muslims and Maharashtrians. The suburb is named after Goddess Jogeshwari. There are some 
earlier caves in the eastern part of the region,dedicated to Lord Shiva and Goddess Jogeshwari. There are some of the 
well known schools and colleges in the area.
Ghatkopar- One of the richest suburbs of the city, the place is filled with all kinds of shopping centers, jewelers' 
shops, cloth shops, eateries etc. It lies on the Central Line of the suburban railway station, between Vidyavihar 
and Vikhroli. North Bombay Welfare Society High School (Ghatkopar West), Fatima High School (in the border area 
with Vidyavihar), Gurukul High School (Ghatkopar East), Garodia High School (Garodia Nagar), Ramji Assar High School 
(Ghatkopar East) area few private schools in the area. For arts, Science, Management, Engineering and Medicine 
streams, the famous Somaiya family of colleges is here. In addition, the suburb is served by at least three Municipal 
schools. It lies 6 Km from the international airport and about 18 and 16 Km from CST and Mumbai Central respectively.
Goregaon- It is a major suburban railway station on the Western Line between Jogeshwari and Malad. It is in the 
northern part of the city and is easily accessible by buses, trains, auto-rickshaws and taxis. Not only has it 
housed the famous film studios Filmistaan and Film City (in Goregaon East) but also the cinemas like Anupam and 
Samrat. Goregaon West is known to have most of the shopping centres of the locality. The Western Express 
Highway and Linking road lie on either side of the area. It is primarily a middle class locality.
Malad- It is well known for Marve/Aksa/Erangal beaches where the famous Raheja group hotels Resort/Retreat are 
situated. It is on the Western Line of the Suburban Railway between Goregaon and Kandivali. There are a number of 
shopping centres, markets, theaters etc in the locality. Malad East has many popular housing colonies like Raheja 
Township, Govind Nagar, Mahindra Nagar and Pratap Nagar. Mahindra Nagar is a clean and green society, which was 
nominated as the second most pollution-free area in Mumbai by Eureka Forbes after Aarey Colony in Goregaon.The 
above localities offer a lucrative option for real estate investments. These are well developed and have a better 
infrastructure in comparison to the developing Navi Mumbai suburbs. Also, they offer a cheaper rental as well 
as capital values, when compared to the Mumbai's Golden triangle, Malabar Hill,Breach Candy and Altamount Road 
and other costly areas, where residential properties sell in the range from 40000-62000 Rs/Sqft
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