Juhu, Mumbai Overview

Juhu, an eminent suburb in Western Mumbai, stands out for its appealing amenities, prime location, and vibrant real estate market. This locality attracts both buyers and renters alike.

Property Prices

• Average Price Per Square Foot:
  • In Juhu, average property prices vary from ₹50,000 to ₹62,250 per square foot, dependent on the area and property type.
  • Prices start as low as ₹27,777 per square foot but can hike up to ₹72,727 per square foot.

Property Types and Configurations

• Apartments:

  • This suburb mainly provides various-sized and configured apartments, including 1 BHK, 2 BHK, 3 BHK, and 4 BHK flats.
  • Here are the price ranges for these apartments:
    • 1 BHK: ₹2.47 crores - ₹8.65 crores
    • 2 BHK: Prices varying widely but generally from ₹5 crores to ₹15 crores
    • 3 BHK: ₹7.5 crores - ₹20 crores
    • 4 BHK: ₹9.43 crores - ₹16.75 crores.

• Other Properties:

  • Besides apartments, you'll find builder floors, villas, independent houses, office spaces, and commercial properties, albeit less commonly.

Rental Properties

• Rent Prices:

  • Apartment rents per square foot range from ₹142 to ₹218, the exact amount depending on the area and amenities.
  • Here are the specific rental ranges:
    • 1 BHK: ₹68,000 - ₹72,000 per month
    • 2 BHK: ₹1.22 L - ₹1.5 L per month
    • 3 BHK: ₹2.5 L - ₹3 L per month.

• Types of Rental Properties:

  • Options include furnished and semi-furnished apartments, villas, builder floors, and independent houses.

Price Trends and Appreciation

• Year-on-Year Growth:

  • Property prices in Juhu increased by 4.07% to 5.1% over the past year, depending on the source and the specific area.

• Long-term Appreciation:

  • Over the past three years, prices appreciated by 15.5% to 15.9%, and over the last decade, they appreciated by 38.4%.

Amenities and Lifestyle

• Societies and Projects:

  • Juhu is home to several upscale societies like DLH Legacy, Kalpataru Solitaire, Juhu Scheme, Rustomjee Elita, and Parinee Aria. These societies offer diverse amenities and lifestyles.

• Infrastructure and Connectivity:

  • Juhu boasts excellent connectivity with other parts of Mumbai via public transport and features good infrastructure, which makes it a convenient place to live.

PropertyWala's Conclusion

People looking to buy or rent in Juhu, Mumbai find it alluring due to its luxury, convenience, and robust appreciation in property values. The premium pricing mirrors the locality's allure for investors and end-users. With its strong price trends, diverse property options, and superb amenities, Juhu emerges as a top choice for those invested in or desiring to live in one of Mumbai's most prestigious suburbs. Still, potential buyers and renters will need to prepare for the premium costs attached to this famous area.