Prabhadevi is ideally located equidistantly, from the city's old business district of Nariman Point and its new powerhouses of Lower Parel and Bandra-Kurla Complex. In the name of road connectivity, most of the city's arterial roads connect and converge on Prabhadevi. The 8 lane (one way) Bandra-Worli Sealink is an architectural marvel and a sure shot way to beat the rush hour traffic. Wide tree lined avenues and immaculately maintained roads, mean than driving here is bliss. Add to that the proximity to Lower Parel, Mahalaxmi and Bombay Central stations, and you have a settlement that is never too far from any place in the city.
Prabhadevi is home to one of Mumbai's most iconic temples, the Siddhivinayak Ganesha. However this area is one of Mumbai's most forward thinking and cosmopolitan areas with several communities as diverse as Jains, Hindus, Parsis and even Christians calling it home. What makes Prabhadevi all the more appealing as a residential locality is the definitely erudite feel that the presence some of India's leading intellectuals like movie actors, playwrights and social scientists in this area lends to it.
Home to some of Mumbai best schools and colleges, Prabhadevi is definitely one of the best areas to live in, when it comes to education. Noteworthy institutions in this area include Lala Lajpatrai College and Dadar Catering College.
Prabhadevi is an interesting mix of old world charm and modern infrastructure. A beautiful testament to the contradiction that makes the city what it is.
Prabhadevi is in a plum location for the shopaholic in you. Thinking high street, explore Phoenix Mills or Palladium at Lower Parel. In the name of malls, head down to Atria in Worli, or SoBo Central in Mumbai Central, if you're needs are a little more budget oriented or 'grey market-ish' there's always Heera Panna to explore.
Prabhadevi with its unique location advantage is rather close to some of the city's most trusted hospitals. Lilawati in Bandra, Seven Hills in Parel, Jaslok at Pedder Road and Breach Candy Hospital are all extremely close by. For day to day ailments and pediatric necessities a range of doctors and polyclinics dot the area, and their services can be availed of by appointment or simply walking in.

Pros

• Largest Land Parcel(5.5acres) of Prabhadevi.
• Uninterrupted Sea View
• Best of the Modern Amenities

Cons

• Congestion during festivals because of Temples.

Prabhadevi is one of the most saught after areas in Mumbai, having the Siddhivinayak Temple and a hub of some of the very prominent Towers in Mumbai

Pros

• Siddhivinayak Temple

Cons

• Traffic congestion

Prabhadevi is the place where all new development projects are coming up. Famous landmarks in the area are Siddhi Vinayak temples, and Ravindra Natya Mandir. Very close to Shivaji Park.

Pros

• Centrally located between Bandra and South Mumbai
• Close to Phoenix Mall
• Good residential apartments in the area

Cons

• Grocery stores do not keep high end stuff
• Area still under development

Prabhadevi has transformed into a ultra modern neighborhood in Mumbai. Huge towers like Sheth beaumonte towers are located here. Many car showrooms are located here which includes the Mumbai Lamborghini showroom and the Mercedes showroom. The sacred Siddhivinayak temple is located here. Real estate prices have also shot up here in the recent years. Passport office is located here. Its close proximity to Dadar also adds to its advantage. It is a good place to stay at.

Pros

• Siddhivinayak temple
• Ahuja towers
• Lamborghini showroom
• Close proximity to Dadar

Cons

• Traffic

Even as Worli and Bandra vie with each other for pre-eminence as Mumbai’s commercial real estate hotspots, Prabhadevi – Mumbai’s oldest and most established locations – stands in a class uniquely its own by virtue of its extremely favorable geographical placement and connectivity. For this reason – and for all practical purposes – Prabhadevi is the heart of Mumbai. For this reason, Prabhadevi has historically proved to be so popular that the market itself is near saturation point in terms of its residential property market. With these developments raising the commercial space equation in Mumbai’s most advantageously connected location, it can be anticipated that redevelopment of many of the existing buildings in and around Prabhadevi will follow as a natural consequence.
In any case, Prabhadevi real estate profile is about to undergo a well-deserved and long overdue metamorphosis as it finally makes its debut in the Grade A office segment. The up-tick in commercial real estate activity in Prabhadevi will lead also to increased demand for residential properties there as well as the surrounding areas. In Prabhadevi the current residential rates are between Rs. 40000 - 60000/sq.ft. One can expect these figures to change as Prabhadevi begins to evolve as a Grade A+++ office destination.

Pros

• Very close to religious places
• ITC seven star Hotel & world-class shopping areas in the vicinity.
• 20 minutes from commercial hubs Nariman Point & Bandra-Kurla Complex.

Cons

• Higher Rates