Out of the most premium residential areas in South Mumbai, Tardeo is one of the most lavish and expensive areas. It has always been on top when it comes to the Affluent & Elite residents in the city surrounded by greenery. Altamount Road in Tardeo is one of those costliest homes to extraordinary business tycoons in the city for which it is called a Billionaire’s street. Be it the Ambani’s (Antilia) or Jindal’s (Highest Cost Apartment), and many more industrialists stay here in this posh locality of South Mumbai. It is one of the most costly places in Mumbai due to the lack of residential options in the area. Luxury properties here start from an average price tag of ₹56,200 per sq ft. In the last two years, the rents in this micro market too have gone up by 15%. The monthly rent of a luxury home spread across 2,000 sq. ft in Mumbai’s Tardeo area is at ₹3.1 lakh, as per a report by real estate consultant Anarock.
South Mumbai’s popularity among homebuyers is primarily because of the connectivity and the amenities it offers. The upcoming Mumbai Metro Line 3, also known as the Colaba-Bandra-SEEPZ corridor, and the Mumbai Trans Harbour Link Project (MTHL) are expected to augment the connectivity further and propel the housing demand in the zone.