Aug 08, 2023Mumbai Real Estate

North Mumbai vs South Mumbai: where to invest?

by Godrej Properties Limited

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Frequently referred to as "SoBo", South Mumbai includes the oldest part of the city, which is renowned for its old buildings, art galleries, museums, and sophisticated dining options, among history worth traversing through. There are numerous noteworthy locations, including Marine Drive, the imposing Taj Mahal Palace Hotel, and the Gateway of India. Additionally, it has a thriving nightlife with an array of restaurants, bars and clubs.

On the contrary, the neighbourhood of North Mumbai is more contemporary. It has numerous residential neighbourhoods, commercial areas, and shopping malls. In North Mumbai, some of the most well-known neighbourhoods include Bandra, Andheri, and Juhu. It is renowned for its lively atmosphere, chic restaurants, and active nightlife.

While comparing the quality of life in South Mumbai and North Mumbai, it is difficult to generalise because it depends on each person's preferences, way of life, and needs.

South Mumbai

South Mumbai is a historically significant and culturally diverse area renowned for its stunning architecture, thriving commercial areas, as well as upscale residential areas.

A lot of renowned Indian and international companies have their headquarters there, making it a vital financial and commercial hub. It is also a popular tourist destination with a variety of art galleries, museums, and theatres, as well as places to shop, eat, and have a blast.

Housing situation

The neighbourhood provides a range of housing options, from classic colonial-style bungalows to contemporary high-rise apartments, to suit various needs and preferences.

Due to factors like location, amenities, house age and condition, SoBo housing is more expensive than housing in other parts of Mumbai.

According to the location, size, etc., homes in South Mumbai can range in price from INR 3 to over INR 100 crore. Overall, if you adore city life and have the means to do so, it's an excellent spot to call home. Godrej Properties has a wonderful project in Mahalaxmi called (need information about the Godrej project in Mahalaxmi here).

Transportation

Both locals and visitors can easily get around the neighbourhood because it is connected to other parts of the city by a variety of modes of transportation.

Local Train: South Mumbai is connected to the rest of Mumbai by the regional rail network. Among the important stations in the area are Mumbai Central, Marine Lines, and Chhatrapati Shivaji Terminal. Mumbai's local trains are frequently crowded, but they provide a quick and convenient way to get around the city.

Bus: In all of Mumbai, including SoBo, the Brihanmumbai Electric Supply and Transport (BEST) company operates a bus network.

Metro: Line 3 of the Mumbai Metro is currently being built; once complete, it will pass through SoBo. The line is made to provide commuters in the area with a quicker and more convenient option.

Ferries: South Mumbai does have ferries that connect to holiday spots like Alibaug and tourist destinations like Elephanta Caves. South Mumbai is situated along the Arabian Sea.

It is frequently regarded as an enjoyable and secure spot to live and travel. Mumbai's police department along with other law enforcement groups maintain an active presence in the area with frequent inspections and surveillance to ensure the well-being of locals and visitors.

Access to amenities

South Mumbai houses some of the best facilities in the city, including upscale shopping centres, top-notch medical facilities, and renowned educational institutions. You can easily access these benefits by living here, which also enables you to lead a comfortable and convenient lifestyle.

Nightlife

Numerous restaurants and nightclubs are readily accessible. Whether you're looking for a quiet evening at a charming café or an exciting night out with friends, the south of Mumbai has something or the other to offer everyone.

North Mumbai

A portion of the larger Mumbai Metropolitan Region (MMR), known as North Mumbai, is situated on the northern outskirts of the city. Many people from various communities and backgrounds call this diverse and busy area home. It has a mix of business and residential neighbourhoods.

For those looking for a more affordable and convenient way of life with access to good infrastructure, open areas, cultural events, and boosting job prospects, it is a fantastic alternative. Additionally, it is less expensive than SoBo.

Real estate

There are a variety of housing options available to suit a range of budgets and lifestyles in North Mumbai's real estate market.

The cost of real estate varies by location and type of property. Residential real estate can cost anywhere between INR 10,000 and INR 50,000 per square foot, whereas commercial real estate can cost anywhere between INR 10,000 and INR 35,000 per sq.ft.

The residential districts of Malad, Borivali, Kandivali, Dahisar and Andheri are located in North Mumbai. These areas offer a range of housing options, from affordable apartments to luxurious villas.

Affordable housing

North Mumbai is a great option for those looking to live in the city of Mumbai on a budget because it often offers a greater variety of affordable housing than South Mumbai.

Excellent Infrastructure

North Mumbai boasts a robust infrastructure, which consists of a dependable public transport system, good roads, and a wide range of amenities like shopping centres, hospitals, and schools.

Open Spaces

Compared to South Mumbai, North Mumbai has more parks, beaches, and greenery, including open spaces like Juhu Beach and Aksa Beach, which may be ideal for people who enjoy being in close proximity to nature.

Airport nearby

The international airport in Mumbai is close to the region, making it a great alternative for travellers and those working in the aviation industry.

Diverse Cultural Experiences

Due to the diverse population in North Mumbai, there are many opportunities to learn about various cultures through festivals, events and food.

Education

North Mumbai is home to a number of excellent institutions and schools. Among the renowned institutions are NMIMS University, Ryan International School and St. Anne's High School.

As a result, choosing between North and South Mumbai comes down to personal preferences, way of life, and budget. While North Mumbai is more affordable and has greater growth potential, SoBo has a more lavish and elite lifestyle.

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