Why Malabar Hill and Nepean Sea Road Continue to Command Mumbai’s Highest Prices
In a city constantly expanding northward, Malabar Hill and Nepeansea Road remain immutable symbols of prestige — micro-markets where scarcity, heritage, and location combine to justify record-breaking price tags.
By Sandeep Sadh – Mumbai Property Exchange
Every few months, a new headline reminds us of how Mumbai’s luxury real estate keeps redefining what “expensive” means — Rs. 1 lakh per sq. ft in Worli, Rs. 1.8 lakh per sq. ft in Malabar Hill, Rs. 2 lakh per sq. ft in Nepean Sea Road. To many, these numbers seem irrational. But to anyone who understands the DNA of South Mumbai, these values make perfect sense.
As someone who has spent over three decades studying this market, I can tell you that these aren’t just prices — they are a reflection of heritage, geography, and psychology that no other Indian city can replicate.
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