7 Best and Affordable Places to Live in Mumbai

Aug 2019
Places to Live in Mumbai

Mumbai has an attractive history with plenty of exciting stories beginning with its own name; one of the stories say that Mumbai got its name from a famous goddess temple – Mumba Devi Mandir, located at Bori Bunde in Mumbai. Another interesting story about Mumbai’s name is: when Mumbai was in the Portuguese hands, they saw that it was a haven for natural water; hence, they named it Bom Bahia,’ which means ‘good bay’ in Portuguese. However, when a Portuguese Princess married an English Prince, the city was given to the British as a wedding gift, and that’s when the city was renamed as ‘Bombay.

Mumbai has always been at the forefront in having India’s many first’s: the first 5-star hotel The Taj Mahal Palace; the first airport called the Juhu Aerodrome was established in the year 1903; the first public bus service and the first railway terminal which is now known as Chhatrapati Shivaji Terminus commenced in South Mumbai. The Mumbai Sea Link is authoritatively known as the Rajiv Gandhi Sea Link; it has a length of around 5.6 km and is an architectural wonder which is made up of 90,000 tons of cement and steel wire (similar to the width of the earth).

Mumbai is also famously known as the Financial Powerhouse of India, the Epicenter of Fashion and a pulse point of religious buildings. You can find multiple Temples, Gurudwaras, Mosques, and Churches situated in almost every corner of the city. It’s true that due to many people migrating into Mumbai, the city has become quite congested but still manages to be the commercial and Financial Capital of the Country as it produces 6.16% of the total GDP of India. The significant and safe mode of transport in the city takes place with the help of a local bus, taxis, train, auto-rickshaws, and ferries at reasonable prices.

We agree that Mumbai lost its greenery in past years because of the establishment of IT firms, multi-storied apartments, malls, etc. However, the city still manages to have well-maintained dense national parks to small and charming seaside green spaces.

It's evident that when it comes to finding a perfect residence for you and your family, no one would want to compromise at any point. However, you can be quite confused if you are new to a particular city or unaware of a specific area. You should never rent or buy a home if you don’t have sufficient knowledge about the locality because you can’t go back on your decision after confirming the deal. It’s essential to do proper research such that your new home is located in a safe neighborhood, easily accessible to daily needs, and should preferably be silent and pollution-free. We did an in-depth survey and found that people get mixed-up while deciding which residential area to live in Mumbai, due to lack of knowledge or because they did not do proper research.

To make your task easier, we can help you find the best residential area to live in Mumbai where you can get the necessary facilities needed for a comfortable everyday life located near to your home.

Given below is the list of some of the affordable and best residential areas in Mumbai.


Airoli is one of the well-reputed residential as well as commercial space in Mumbai, which is well-connected with Thane by Kalwa bridge to Mulund via Mulund-Airoli bridge which helps to go from one place to another very quickly. Airoli is a preferred residential area for middle-class family and students as you can rent or buy a home at quite reasonable rates. Another benefit of this area is that it is an educational hub and has all the necessities of modern life located close by.

Essential requirements in Airoli

  • Schools: Dayanand Anglo Vedic Public School, Datta Meghe World Academy, Vibgyor High School, etc.
  • Entertainment places: Pub G game place Airoli Sec 5, Thane Creek Flamingo Sanctuary, The Mint Leaf, Chinchawali Garden, etc.
  • Malls: Oerlikon Trade place Private Limited, Rock Point, etc.
  • Nearby parks: Rajiv Gandhi Garden, NMMC Park, Newa Garden Park, Yashwant Rao Chavan Garden, etc.


Chembur is no doubt one of the largest and most famous residential areas in Mumbai, as it is also known as the home of commerce and trade outlets. Chembur is well-connected with the main areas of Mumbai with the help of Chembur Railway Station which helps people to go to the Chembur market area where you can get goods and services ranging from clothing, food, and vegetables at quite reasonable prices as compared to other places. Chembur is also known for its mouthwatering dishes like Misal Pav, Vada Pav, Pav Bhaji, sweets, etc. Chembur also has fitness hubs and gyms, municipal swimming pools, libraries, and Sports club, which will help you to stay fit and relaxed.

Essential requirements in Chembur

  • Schools: St. Gregorios High School, Sadhu Vaswani High School, Loreto Convent School, Swami Vivekanand High School, and Junior College, etc.
  • Attractive places: Bombay Kali Bari, Kingdom of Fun, Prakruti Resorts Private Limited, etc.
  • Malls: K Star Mall, the Central, Cubic Mall, RNA Complex, etc.
  • Parks for recreation: Ambedkar Garden, Chimni Garden Chembur, R H Shisode garden, etc.


Thane is one of the upcoming, well-developed residential areas undergoing multiple changes every day and has several well-reputed schools, shopping complexes, hospitals, entertainment setups, etc. Thane is well-connected with other parts of the city with the help of local bus, train and metro service. Thane is more popular for being home to many beautiful and attractive places which you can visit in your free time.

Essential requirements in Thane

  • Schools: Smt. Sulochanadevi Singhania School, D.A.V. Public School, Hiranandani Foundation School, N. L. Dalmia High School, etc.
  • Famous places: Datiwali Lake, Hariyali Lake, Suraj Water Park, Sanjay Gandhi National Park, etc.
  • Malls: Korum Mall, Amrapali Shopping Center, Infinity Shopping Arcade, etc.
  • Nearby parks: Thane Grand Central Park, Community Park, Thane Mahanagar Palika, etc.


Panvel is one of the most popular and preferred residential areas in Navi Mumbai for working people, due to the presence of many small cottage industries. Panvel is also connected with all the main parts of the city with the help of local bus service, autorickshaws, etc. This locality is going towards becoming wealthier soon. Panvel is also the best place to live especially for those who love living in the lap of nature and has many vacation exploration opportunities such as Karnala Fort, Adai Waterfalls, Bird Sanctuary and Camping in Kalavantin Pinnacle.

Essential requirements in Panvel

  • Schools: K.E.S. English Medium High School, Shantiniketan Public School, New Horizon Public School & Penguin Kids, etc.
  • Famous places: Karnala Fort, ISKCON Kharghar, Adai Waterfalls, Wonders Park, etc.
  • Malls: Orion Mall, Mahalaxmi Mall, Glomax Mall, etc.
  • Parks for refreshment: Cidco Park, Kamothe Park, Govind Sagar, etc.


Powai is located on the banks of the Powai Lake and surrounded by the hills of Vikhroli Parksite area. This area is the best choice for students and office-goers to live in because of many well-reputed educational institutes and companies. Powai also sees a crowd of more than thousands of devotees every year during the Ganesh Chaturthi for the ‘Visarjan.’ This area also connects to other parts of Mumbai, with the help of autorickshaw and local bus service; you can also visit many historical temples and lakes in your free time.

Essential requirements in Powai

  • Schools: Smiles Fun School, Bombay Scottish School, S. M. Shetty High School, Happy Minds International, etc.
  • Attractive places: Powai Lake, Devi Vageshwari Mata Temple, Suvarna Temple, Forest Park, etc.
  • Malls: Heera Panna Shopping Centre, Galleria Shopping Mall, Powai Plaza, Classic Super Store, etc.
  • Nearby parks: M.C.G.M. Nirvana Park, Heritage Garden, Deer Park, Raheja Vihar Jogging Park, etc.


Shahapur is a popular residential area for sports-lovers and traditional people as you can find many trekking spots and historical temples. This place is also known for being a significant supplier of water all over Mumbai with the help of four main dams which supplies more than 2900 megaliters water per day. Shahapur is also well-linked with all the main areas of the city with the help of local train, buses and auto services. You can enjoy your free time by visiting entertainment places, and you can also get all the facilities available close to your home.

Essential requirements in Shahapur

  • Schools: G. V. Khade Vidyalaya, P.S. Deshmukh School, Saraswati Vidyalaya Vasind, M.N Barora Vidhyalaya, etc.
  • Attractive places: Aajoba Parvat, Bhatsa Dam, Modak Sagar, Mahuli fort, etc.
  • Malls: Infiniti Mall Malad, Prime Mall, High Street Phoenix, etc.
  • Parks for recreation: Shivaji Park, Joggers Park, Rotary Park, etc.


Bandra is one of the most well-known residential areas of Mumbai, having multiple corporate hubs, well-established schools, restaurants, and shopping malls. Bandra is also famous for its trendy craft beer and stylish cafes where you can enjoy hot chai in the evening and cocktails to refresh you from your daily workload. You can easily visit any place from Bandra quickly via buses, auto-rickshaws and taxi services which are abundantly available any time whenever you want.

Essential requirements in Bandra

  • Schools: St. Stanislaus High School, Cardinal Gracias High School, St. Joseph's Convent High School, etc.
  • Famous places: Bandra lake, Bandstand Promenade, Bandra Fort, etc.
  • Malls: Link Square Mall Bandra West, Veena Beena Shopping Center, Gazebo Shopping, etc.
  • Nearby parks: Almeida Park, MIG Park, Guru Nanak Park, etc.

Mumbai is quite a busy and well-developed city; if you are planning to shift in Mumbai, you need to do a proper inquiry about the place in which you are planning to start the next phase of your life. The location should be closed to daily necessities so that you have a comfortable and relaxed living. The areas mentioned above are the best in terms of affordability and accessibility to live a happy life in good neighborhood in Mumbai.

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