Why Homebuyers Are Moving to Mumbai’s Suburbs for Luxury Living
Mumbai’s luxury housing demand is shifting to suburbs due to better space, infrastructure, and lifestyle benefits, redefining luxury beyond South Mumbai’s traditional prestige.
Mumbai’s luxury housing demand is shifting to suburbs due to better space, infrastructure, and lifestyle benefits, redefining luxury beyond South Mumbai’s traditional prestige.
Legacy landmarks and industrial spaces in Chembur are gradually transforming into premium residential developments. Redevelopment around iconic locations, improved connectivity and developer interest are reshaping the suburb into one of Mumbai’s emerging upscale housing destinations.
Shraddha Kapoor has renewed the lease for her apartment in Juhu, Mumbai, at ₹6 lakh per month. The 12-month agreement, registered in February 2026, takes the total rental value to ₹72 lakh, according to property registration documents reviewed by Square Yards.
Limited supply, strong buyer demand, and execution-driven development are driving luxury home price appreciation in Goregaon West. Premium residential projects with visible construction progress are witnessing faster absorption and early value creation in this Mumbai micro-market.
Ritika Sajdeh, wife of Indian cricketer Rohit Sharma, has purchased a luxury apartment in Prabhadevi, Mumbai, for ₹26.30 crore. The transaction highlights continued demand for premium residential real estate in central Mumbai.
Cluster redevelopment is transforming Goregaon from a mid-suburban area into a modern urban hub, driven by infrastructure upgrades, mixed-use planning and neighbourhood-scale renewal, offering a strong model for Mumbai’s future urban growth.
In another transaction, registered in August 2025, Sonu Sood's son Eshaan Sood purchased an apartment worth Rs. 2.6 Crore in Andheri West, Mumbai.
Bollywood actor Neil Nitin Mukesh and singer Nitin Mukesh have purchased a ₹11.35 crore apartment in Lodha’s World One Tower, Lower Parel, Mumbai. The deal, registered in July 2025, includes two parking spaces and marks another celebrity investment in Mumbai’s booming luxury real estate market.
Mumbai recorded 12,070 property registrations in September 2025, a 32% year-on-year increase, while stamp duty revenue surged 47%. The early festive season and steady housing demand boosted buyer confidence, making it the strongest September performance in the city’s real estate history.
Mumbai and Pune are set for a housing revolution as JLL-NAREDCO’s report unveils a ₹70,000 crore investment plan to build 3.5 million affordable homes by 2030. The Maharashtra Housing Policy 2025 aims to bridge the affordability gap, creating inclusive growth and sustainable urban development.