Mumbai the financial capital of India and famous for Bollywood stars has some of the most expensive real estate in the country. From Amitabh Bacchan’s residence in Juhuto Shah Rukh Khan’s iconic Mannat in Bandra are favorite places for tourists to visit. Mumbai ranks as 8th globally in luxury real estate as per the Knight Frank Wealth Report 2024. The city is a prime destination for high-net-worth individuals looking for ultra-premium properties. Malabar Hill If luxury had a landmark address Malabar Hill is home to some of Mumbai’s most powerful figures. Businesspersons like Rekha Jhunjhunwala Nadir Godrej have their homes in this area. Average Property Prices: Rs 42000 – Rs 69000 per sqft 2. Cuffe Parade An extension of South Mumbai’s affluence Cuffe Parade is a mix of towering high-rises and elite bungalows making it one of the city’s most sought-after localities. Resident: Ratan Tata and other top businesspersons. Average Property Prices: Rs 45000 – Rs 69000 per sqft 3. Tardeo Tardeo is known for house Antilia the 27-story ultra-luxurious mansion owned by Mukesh Ambani valued for Rs 15000 crore making it one of the most expensive homes in the world. Average Property Prices: Rs 46762 per sqft (approx.) 4. Juhu Juhu is known for luxurious areas and home for Bollywood stars. Notable Residents: Amitabh Bachchan Akshay Kumar Hrithik Roshan and more. Average Property Prices: Rs 45014 per sqft (approx.) 5. Bandra (West) Bandra West is home to celebrities elite entrepreneurs and high-profile figures. Notable Residents: Shah Rukh Khan’s Mannat Salman Khan’s Galaxy Apartments Alia Bhatt’s luxury home. Average Property Prices: Rs 46662 per sqft (approx.) 6. Worli With modern skyscrapers like Three Sixty West and The World Towers Worli is known as a hub for Mumbai’s elite. Notable Resident: Radhakishan Damani the D-Mart founder. Average Property Prices: Rs 45594 per sqft (approx.) 7. Colaba Colaba  has a colonial era touch along with modern amenities for businesspersons. Notable Residents: High-profile business figures and diplomats. Average Property Prices: Rs 41166 per sqft (approx.)