Friday, 4 August 2017

Why is South Mumbai Preferred by Expats?

There is a certain energy and exhilaration associated with the city of Mumbai that is supposed to be the entertainment and above all, the financial capital of India. People from all parts of India dream of coming to Mumbai and settle here for a prospective future. Mumbai is therefore a heaven of habitats for almost every single stratum of the society. However, there are certa in areas of Mumbai that are known to be extremely extravagant and posh, having a certain elegance quotient entwined with  them and therefore, such places are always sought after by the celebrities and other rich and renowned people of Mumbai. In the context of residential properties in Mumbai, one such region is SoBo or South Mumbai.

Nothing can Beat South Mumbai


From the perspective of real estate Mumbai, South Mumbai or ‘SoBo’ (derived from erstwhile South Bombay) is a preferred place of accommodation for the upper echelons of the society. This is one of the most costly zones of Mumbai that has got some of the most luxurious lifestyle-based housing destinations solely designed to suit the sophistication of the elite class of the Indian society. Some of the places in the South Mumbai region are Cuffe Parade, Nepean Sea Road, Peddar Road, Colaba, Nariman Point, Malabar Hill, Marine Lines, Tardeo, etc. and they are famous for their escalating property rates that can only be afforded by the elite classes of the society. 

This place in spite of being one of the oldest zones of Mumbai is still one of the most modern and trendiest areas as well. It comprises of the downtown area of Mumbai and sits at the heart of trade and commerce of the city. In fact, it can also be said that this area not only holds an importance in terms of Mumbai real estate but also throughout India and globally as well in terms of its business and cultural importance.
Style of South Mumbai
As already mentioned earlier, South Mumbai is said to house some of the best localities of Mumbai. In fact, apart from the residential complexes, villas, bungalows and high rises, there are several museums, art galleries, bars, marvelous restaurants, luxury retail shops such as Armani, Zegna, Hermes and of course the biggest attraction in the form of the Gateway of India as well. Therefore, it goes without saying that when it comes to real estate Mumbai, this place is one of the most magnificent zones that contains several tourist attractions as well. What’s more, South Mumbai’s property rates are always soaring as per the market fluctuations and these are almost at par with those of Manhattan in the United States of America. This is the reason why this place tops the list for wealthy expats and celebrities who are ready to spend a considerable amount of money in order to purchase a property in the South Mumbai or SoBo region.


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