Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
South Mumbai tunes into a new luxury housing boom
Mint New Delhi
|July 10, 2025
Not only areas like Altamount Road, and Malabar Hill, but also Gamdevi and Hughes Road are being preferred
South Mumbai, the crown jewel of luxury housing that's home to some of the world's most expensive pincodes, is witnessing a record amount of real estate activity as developers race to acquire properties.
All-time high sales of luxury residential units, consistent demand from wealthy individuals including industrialists, C-suite executives, and diamond merchants, and the recent record-breaking sale transactions have prompted realty firms to look at South Mumbai again.
The acquisition spree, which began about two years ago, has gathered pace recently as India's luxury housing market has stayed strong, property analysts said.
Not only marquee South Mumbai neighbourhoods such as Altamount Road, Carmichael Road, Nepeansea Road, and Malabar Hill, but also areas such as Gamdevi and Hughes Road that were overlooked in the past are being eyed for projects.
This story is from the July 10, 2025 edition of Mint New Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint New Delhi
Mint New Delhi
Diwali is past, but shopping season is roaring ahead
India's consumption engine appears to be humming well past the Diwali rush, with digital payments showing none of the usual post-festival fatigue.
3 mins
November 25, 2025
Mint New Delhi
AI bond flood adds to market pressure
Wall Street is straining to absorb a flood of new bonds from tech companies funding their artificial intelligence investments, adding to the recent pressure in markets.
4 mins
November 25, 2025
Mint New Delhi
TCS, Wipro US patent suits worsen IT's woes
Two of the country’s largest information technology (IT) services companies—Tata Consultancy Services Ltd and Wipro Ltd—faced fresh patent violations in the last 45 days, signalling challenges to their expansion of service offerings.
2 mins
November 25, 2025
Mint New Delhi
Auto parts firms spot hybrid gold
Auto component makers are licking their lips at the ascent of hybrids, spying a new growth engine at a time when electric vehicle (EV) sales have not measured up.
2 mins
November 25, 2025
Mint New Delhi
Micro biz has a harder time securing loan to start up
Bank lending to first-time micro-entrepreneurs has plummeted, signalling tighter credit conditions for small businesses already struggling with cash flow pressures and trade turmoil. In the first six months of the fiscal year, a key central scheme to support such lending managed to sanction just about 12% of what was sanctioned in the entire previous fiscal year, official data showed.
2 mins
November 25, 2025
Mint New Delhi
Why was a fresh approach to QCOs needed?
The government is now withdrawing the quality control orders (QCOS) issued earlier across sectors. Mint examines the original intent, the reasons for the policy reversal, and the expected national benefits from this move.
2 mins
November 25, 2025
Mint New Delhi
Inverted duty fix is next on GST agenda
GST Council to expand work on fixing anomaly at next meet
2 mins
November 25, 2025
Mint New Delhi
Page Industries scouts for missing piece of comeback puzzle
Page Industries Ltd has been struggling with muted growth.Its thrust on operational efficiencies, calibrated distribution expansion and new product launches is yet to reignite the dwindling investor faith.
1 mins
November 25, 2025
Mint New Delhi
REAL ESTATE PLAY: THE END OF INDIA’S BIGGEST TAX HACK
For years, the easiest dinner-table flex in India was a line that began with “You know what I bought that flat for?” and ended with a smug smile. Real estate wasn’t just an investment, it was a moral victory. Hold long enough and inflation would ensure you paid no to minimal tax. All thanks to indexation, a process that adjusts the cost of acquisition for inflation until the year of sale, effectively reducing your capital gains and the tax on them.
3 mins
November 25, 2025
Mint New Delhi
Independent films fight for screen space despite critical acclaim
Critically acclaimed Indian filmsthat sparkle onthe international festival circuit are finding it hard to be screened in the country even though theatresare struggling with low supply of new commercial films.
2 mins
November 25, 2025
Listen
Translate
Change font size