Mahim, Mumbai Overview

Neighborhood & Location

In the south part of Mumbai, India, lies Mahim, a coveted locality. It's close to upscale areas like Bandra and Dadar, making it a pricey yet desirable spot to live.

Property Costs

On average, a property in Mahim, Mumbai costs around ₹38,792 per square foot. This shows a year-over-year (YoY) rise of 9.9%. For flats, the average price stands at ₹37,400 per square foot. Meanwhile, independent houses are priced at roughly ₹25,992 per square foot.

Pricing Trends

Over the past year, property prices in Mahim jumped by 5.2%. Further back, flat rates have appreciated by 7.1% in the last year, by 14.9% over the last 3 years, by 12.9% over the last 5 years, and by an impressive 32.6% in the past decade.

Property Varieties

Most properties here are apartments, available in numerous sizes and designs. Residential houses and builder floors are also options, with various price trends for multistorey apartments and standalone homes.

Amenities & Landmarks

Mahim comes with essential amenities nearby. Key landmarks here include Mahim Bay, Mahim Creek, Mahim Bunder, and Mahim Fort. However, keep in mind the environmental worries linked to untreated industrial waste dumping that affects the mangrove ecosystem.

Forthcoming Projects

Mahim houses numerous upcoming real estate projects like Vayu by Omkar Realtors & Developers and Shimmering Heights by Kamanwala Housing Construction Ltd.

Renting

Renters have plentiful choices in Mahim like furnished and semi-furnished flats, houses, and builder floors. There are over 146 rental options, including 1, 2, and 3 BHK apartments.

PropertyWala's Final Thoughts

Mahim, Mumbai, boasts high-end appeal with strong investment potential because its prices keep rising. This area provides various property choices, from luxury apartments to independent houses, though they come with a price. As for renting or buying, renters and buyers should be wary of the environmental issues and the area's upscale profile. While trends suggest a lucrative future for Mahim investments, careful market and property assessment before deciding is vital.