Property · Our pick in Mumbai
Buying in Mumbai: the back story
The back story
About Buying in Mumbai: the back story
Mumbai’s prime homes cluster by the sea: on Malabar Hill and Cuffe Parade in the south, in the new towers of Worli and Lower Parel, and in Bandra and Juhu in the west. Across the harbour, Alibag has become a place for weekend villas, now quicker to reach by Atal Setu.
Where people buy
In South Mumbai, Malabar Hill and the streets around Marine Drive are the classic addresses. Worli and Lower Parel have the newest towers, close to the Sea Link and the offices of BKC and Lower Parel. Bandra and Juhu, in the western suburbs, mix older bungalows with modern apartments near the sea.
Who can buy
Under the RBI’s rules (FEMA and the Non-Debt Instrument Rules, 2019), Non-Resident Indians and Overseas Citizens of India can buy homes and commercial property in India, but not agricultural land, farmhouses or plantations. Foreign nationals who are not of Indian origin and live outside India generally cannot buy, except by inheritance or on a lease of up to five years. See our buying-property page for the details.
We never publish prices: ask the brokerages for current figures.
Checking a project
For new-build and off-plan homes, check the project’s registration on MahaRERA, the Maharashtra Real Estate Regulatory Authority, and make sure the CTS number, carpet area and possession date in your agreement match the registered details.
Working with an adviser
The international consultancies, Knight Frank, JLL and Sotheby’s International Realty, and the Indian firm ANAROCK all have Mumbai offices. Use a lawyer as well as a broker.
Our advice: view at different times of day; traffic changes how a neighbourhood feels.
Why it's on our list
- Where people buy
- Who can buy
- Checking a project
- Working with an adviser
Opening hours, prices and seasonal openings change, so please check with Buying in Mumbai: the back story before you go.