Colaba, Mumbai

Nearby Localities
Cuffe Parade

About

Review of Colaba, Mumbai

Popularity and Location Colaba stands out as a highly prominent and sought-after region in the southern side of Mumbai. Its prime spot, rich history, and luxurious lifestyle make it very appealing.

Property Prices

  • Average Cost: The typical price of a property in Colaba is about Rs. 49,674 per square foot but can go from Rs. 37,837 to Rs. 73,679 per square foot.
  • Specific Parts: Places like Azad Nagar have averages up to Rs. 52,889 per square foot, whereas Navy Nagar averages at Rs. 48,026 per square foot.

Rental Market

  • Average Monthly Rent: Rental costs vary a lot. A 1 BHK flat can cost between ₹60,000 to Rs. 1.2 lakhs, and a 2 BHK flat usually costs around Rs. 1.4 lakhs per month. A 3 BHK flat might go over Rs. 2.3 lakhs per month.
  • Facilities Available: Rentals often come with fully set up interiors, air conditioning, fridges, microwaves, and sometimes nice perks like sea views and covered parking.

Market Trends

  • Annual Change: Property prices in Colaba dropped by 1.73% over the last year, showing a tiny dip.
  • Longer Term: Over the last year, flat rates saw a 6.4% change. Over the last 3 years, there was a 16.4% change. Over the last 5 years, rates changed 1.0%, and over the last 10 years, they fell by -8.1%.

Types of Properties

  • Residential Choices: The area offers numerous apartment choices with sizes and layouts to fit many needs. You'll find apartments ranging from 1 BHK to 3 BHK in modern buildings with great amenities.

Neighborhood and Amenities

  • Proximity to Essentials: Properties here are near important places like schools (like St Joseph School) and hospitals (INHS Ashwini Hospital) along with famous spots like the Gateway of India and Colaba Causeway.
  • Lifestyle: The local culture is lively, with easy access to markets, transportation, and other important services.

**PropertyWala’s Verdict

In short, Colaba, Mumbai, offers a mix of old-world charm and new-age luxury, being a great pick for buyers and renters. Even if the market shows a small drop in property rates lately, long-term changes suggest steady conditions and future growth. With a diverse range of homes at different prices, it suits various budgets and tastes. Yet, because of its great location and fancy conveniences, Colaba’s homes typically come at a higher cost. Those thinking about buying or renting should take a close look at the market now and the specific benefits and features offered by the properties they might like.

Nearby

  • Transport

    • Backbay Depot (<1 km)
    • Cuffe Parade (~1 km)
    • Bharat Petroleum (~2 km)
    • Churchgate (~5 km)
    • Chhatrapati Shivaji Maharaj International Airport (~30 km)
    • Navi Mumbai International Airport (~39 km)
  • Shopping & Dining

    • Nature's Basket (~1 km)
    • Maker Arcade (~1 km)
    • MBPT Colaba Fish Market (~2 km)
    • Suzette (~3 km)
    • Cafe Leopold (~3 km)
    • admin dept (~6 km)
  • Healthcare

    • Family Clinic (<1 km)
    • INHS Asvini Naval Hospital (~1 km)
    • Malpani Infertility Clinic (~1 km)
    • School of Medical Assistants (~1 km)
    • Maharashtra Agency Llp (~2 km)
    • Apollo Pharmacy Colaba Mumbai (~3 km)
  • Education

    • Kendriya Vidyalaya No.1, Colaba (<1 km)
    • Army Public School (~1 km)
    • B.D. Somani Institute of Art and Fashion Technology (~1 km)
    • Tata Institute of Fundamental Research (~2 km)
    • Elphinstone College (~4 km)
    • Sir David Sassoon Library (~4 km)
  • Leisure & Entertainment

    • Mumbai Port Trust Garden (~1 km)
    • Royal Bombay Yacht Club (~4 km)
    • Brabourne Stadium (~4 km)
    • Metro Adlabs (~6 km)
    • Willingdon Sports Club (~11 km)
    • Veermata Jijabai Bhosale Zoo & Botanical Garden (~11 km)
  • Services

    • Citizen Credit Co-Operative Bank (<1 km)
    • Cuffe Parade Police Station (<1 km)
    • Colaba Sub Post Office (<1 km)
    • MVIRDC World Trade Centre (~1 km)
    • ICICI Bank ATM (~1 km)
    • Nariman Point Fire Station (~3 km)
  • Religious Places

    • Afghan Church (<1 km)
    • Arun kanojia (<1 km)
    • Navy Nagar Gurudwara (<1 km)
    • Shree Munisuvrat Swami Jain Mandir (~2 km)
    • Keneseth Eliyahoo Synagogue (~4 km)
    • Allana Center Masjid (~4 km)
  • Business & Hospitality

    • Taj President (~1 km)
    • Sassoon Docks (~2 km)
    • The Oberoi (~3 km)
    • Mumbai Port Trust (~7 km)
    • Peninsula Business Park (~14 km)
    • Agastya Corporate Park (~30 km)
Places © OpenStreetMap contributors, Overture Maps Foundation * Distances from the centre of Colaba

Reviews

Colaba is one of the most posh localities in Mumbai. The Gateway of India is located here. Industrialist Ratan Tata is a resident of Colaba. The famous Leopold cafe and Mondegar cafe are also located here. It also houses the famous Taj hotel. Regal theater here is very well known. Many foreigners also visit here. Everyone must visit Colaba atleast once in their lifetime to understand the origin of Mumbai.

Pros
  • Regal cinema
  • Taj hotel
  • Leopold cafe
  • Posh locality

Colaba is the very famous area in South Mumbai. From Colaba you can go any where because everything is available in near by.

Pros
  • Gateway of India is near
  • Centrally located
Colaba, Mumbai is rated 9 out of 10 based on 2 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.
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News

Court ruling restores Jewish man's claim to mother's Colaba flat

Hindustan Times · · Regulatory

A Bombay High Court revoked a 2009 probate and upheld a Swedish man's inheritance claim to his mother's 1,000-square-foot Colaba flat, based on 40 preserved aerogrammes and letters from the 1970s-80s.

Key facts

Arnold Samson, 80, a special education teacher in Sweden, successfully challenged a 2009 probate in the Bombay High Court to claim his mother Rosalind Samson's 1,000-square-foot flat in Bueno Vista building near Colaba post office, after she died in February 2008.

Rosalind's will, dated February 6, 2008, had bequeathed the flat to her caretaker Vimla Rao and foster son Rahim Jawat Mohammed. Executor Ramesh Gwalani obtained probate in July 2009 claiming she had no surviving heir.

Arnold, born in Mumbai in 1946 to Rosalind Samson and Hari Kapur, moved to Israel in 1962 and Sweden in 1970. In 2010, after his mother's death, he petitioned to revoke the probate, claiming he was her only heir and she died intestate.

Defendants Rao and Mohammed claimed Arnold did not care for his mother during hospitalization or attend her funeral, and that his documents were fictitious. Gwalani said there was no clinching material proving Arnold was Rosalind's son.

Arnold presented 30 aerogrammes and 10 letters with envelopes (plus 5 without) exchanged with his mother from late 1970s to early 1980s, in which Rosalind consistently referred to Arnold as "her son" and discussed personal matters including Bollywood. Justice N J Jamadar noted the letters showed a genuine long-distance mother-son relationship and ruled human relationships cannot be confined to typical patterns.

The court also noted two aerogrammes from Hari Kapur to Arnold (1976-77) expressing affection and referring to Arnold's wife and child. Arnold's birth certificate named Kapur as his father.

Justice Jamadar revoked the probate, determining Arnold had substantiated his claim to inheritance.

Tata Sons Leases Ratan Tata’s Colaba Bungalow for Five Years

Indiatimes · · Residential

Bakhtawar, Ratan Tata’s sea-facing Colaba bungalow valued above ₹150 crore, was reportedly leased for five years at a starting monthly rent of ₹17.56 lakh.

Key facts

Ratan Tata’s bungalow Bakhtawar, also known as “The Cabins,” is a sea-facing property on Shahid Bhagat Singh Road in Colaba, Mumbai. It spans 13,200–13,350 sq ft and is valued at more than ₹150 crore. The bungalow has a basement, ground floor and three interconnected upper levels. After Tata’s death in 2024, Tata Sons reportedly leased it for five years at a starting monthly rent of ₹17.56 lakh. The agreement involved Ewart Investments, a Tata Sons subsidiary that owns the property. Standalone sea-facing bungalows have become scarce in Colaba, Malabar Hill and Cuffe Parade, where many independent homes have been redeveloped or acquired by developers over the past 20 years.

Infrastructure projects boost Mumbai's ultra-luxury real estate markets

thehindu · · Infrastructure

Large-scale infrastructure including the Coastal Road and metro expansion have driven up real estate prices in Mumbai, creating ultra-luxury micro-markets in Worli, Marine Drive, and Versova.

Key facts

Over eight years, large-scale infrastructure in Mumbai—Coastal Road, Mumbai Trans-Harbour Link, underground and elevated metros, and flyovers—have driven up real estate prices and created ultra-luxury micro-markets in Worli, Versova, and the western seafront.

The Coastal Road is an eight-lane expressway connecting Marine Lines in South Mumbai to Kandivali in North Mumbai. Phase I (10.58 km) between Worli and Marine Lines is now open.

Worli has emerged as India's ultra-luxury capital with ₹5,500 crore in high-end home sales (30 units) over two years, capturing 40% of more than ₹40 crore apartment deals nationally (December 2025 ANAROCK report). The Coastal Road and Bandra-Worli Sea Link have driven Worli and Marine Drive prices up 20%-30% over two years. Premium units command ₹65,000 to ₹1 lakh per sq.ft. Two duplexes in Naman Xana sold for ₹700 crore. Over 20 Worli transactions exceeded ₹100 crore in three years. Ultra-premium residences of 4,000 sq.ft. are priced above ₹32 crore. Nearly 1 million sq.ft. of premium residential and retail space is under construction with ₹69,000 crore investment in infrastructure projects.

Mumbai Metro expansion has generated 15%-25% property appreciation near stations. The Trans Harbour Link is expected to unlock 15%-20% price increases in Navi Mumbai's Ulwe and Kharghar.

Mumbai's average is ₹16,600 per sq.ft., outpacing Bengaluru's ₹8,380 per sq.ft. Prestige Group entered Mumbai with marquee projects in Marine Drive and Worli priced between ₹30 crore and ₹45 crore and above.

Mumbai Metro Line 11 to connect Wadala to Gateway of India

moneycontrol.com · · Infrastructure

MMRCL issued tenders for an interim consultant for the 17.4-km fully underground Metro Line 11, connecting Wadala to Gateway of India with 14 stations.

Key facts

The Mumbai Metro Rail Corporation Ltd (MMRCL) issued tenders to hire an interim consultant for proposed Metro Line 11. The 17.4-km fully underground corridor will run from Anik Depot to Gateway of India, traversing east and south Mumbai. The line will feature 14 stations: 13 underground and one at-grade, connecting Wadala, Byculla, Nagpada, Bhendi Bazaar, and Colaba. The alignment starts at Anik Depot near Wadala, passes beneath Mumbai Port Trust area, and tunnels under historic precincts before emerging near Gateway of India, making it the southernmost metro extension. A major highlight is the integrated depot at Anik combining a Metro car depot at lower levels with a BEST bus depot above, using vertical stacking for land use maximisation. The interim consultant will finalise alignment and station locations, conduct geotechnical surveys, prepare preliminary tunnel and station designs, draft civil tender packages, and plan traffic diversions and resettlement strategies. MMRCL plans to appoint the interim consultant by early 2026. Full-scale construction is expected to begin late 2026 or early 2027 after government approvals. The project will follow MMRCL's Aqua Line 3 standards with Indian and international safety codes, routed through Ministry of Railways. Once completed, Line 11 will link eastern suburban commuters and Green Line 4 corridor directly to Fort and Gateway of India. MMRCL officials described it as Mumbai's most technically challenging Metro line due to tunneling through dense, heritage-rich neighbourhoods beneath century-old structures.

Mumbai Metro Line 3 Opens Worli–Cuffe Parade Stretch

Hindustan Times · · Infrastructure

The final 10.99-km Metro Line 3 stretch opened, with experts expecting improved connectivity to renew buyer and developer interest in South Mumbai.

Key facts

Prime Minister Narendra Modi inaugurated the final 10.99-km Worli–Cuffe Parade stretch of Mumbai Metro Line 3 on October 11, 2025. Phase 2B was reported to cost ₹12,200 crore. Experts expect improved access to boost interest in Cuffe Parade and Colaba, where new projects are priced around ₹75,000 per sq. ft, and in Andheri East, SEEPZ and BKC. Brokers also expect more redevelopment of old buildings in Girgaon and Kalbadevi, though buildings with legacy problems may miss out. The full corridor is approximately 33 km. Modi flagged off the 12.69-km Aarey JVLR–BKC stretch, with 10 operational stations, on October 5, 2024; Maharashtra Chief Minister Devendra Fadnavis and Deputy Chief Minister Eknath Shinde inaugurated the 9.6-km BKC–Acharya Atre Chowk stretch on May 9. Proposed by MMRDA around 2004, the line’s total project cost exceeds ₹37,000 crore.

News items from other publishers are their reports, condensed; follow the link for the full report. PropertyWala.com is not their source.

Sale Properties

4 Bedroom Apartment for sale in Cuffe Parade, Mumbai
₹ 10 Cr

4BHK Flat for sale in Cuffe Parade

₹ 10 Cr

  • 26,910 SqFeet
  • ₹3,716/SqFeet
  • Immediate

4 bhk , 26910 sqft , Cuffe Parade

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Posted: by Hnbj jn
Property ID: P993946502

Price Trends

Locality ID
A911384021
PinCode
400005