Given that it is one of Mumbai's four peninsulas, the other three being Bandra, Worli, and Malabar Hill, Colaba has a distinct place in the city.
The region's history begins under Portuguese dominance, then after wars with Britain, British rule is established. It doesn't look back after that and has continued to develop.
Colaba is a neighbourhood in Mumbai city today that is part of Ward A, Zone 1, and the Brihanmumbai Municipal Corporation.
A military cantonment and Navy Nagar, which were constructed on the reclaimed land of Holiday Camp, are located in the southern section of the region. Apart from being a strategic location in Mumbai Colaba enjoys great connectivity with other parts of Mumbai city and other parts of the state.
There are numerous tourist places, shopping malls, premium residential complexes, and employment hubs in the Colaba.
Colaba has a long and rich history that dates back to the 16th century Portuguese occupation and is still going strong today.
This heritage sets Colaba apart from other neighbourhoods in Mumbai and makes it a popular tourist destination.
The Gateway of India is a popular tourist destination in Colaba and is one of the most visited sites in the nation, drawing tourists from all over the world.
The Colaba Causeway, also referred to as the "Causeway," is another location in Colaba that is worthwhile visiting. This facility sells a wide variety of things, including accessories, appraisals, and other items. Some other visiting places in Colaba are the Art Deco-style Regal Theatre, the Taj Mahal Palace and Tower, and various customer-friendly cafes that offer great food.
Among fabulous restaurants, we can count Bagdadi restaurant and Bademiya restaurant. All the pubs, clubs, and modern restaurants that are found here make this place hype for young people.
With respect to its surrounding communities, Colaba is well connected via both rail and road routes. It is a popular area of Mumbai City because it has many tourist attractions.
Along with tourism attractions, it also includes opulent housing developments where some of India's most well-known celebrities reside.
Colaba does have one drawback, though, and that is the exorbitant cost of its real estate.
Since Colaba is a significant section of Mumbai and is home to many popular tourist attractions, the neighbourhood also includes a number of opulent apartment buildings.
These circumstances make it challenging for members of the low- and middle-income groups to locate their ideal homes in Colaba. Not only property rates are high in Colaba but also the cost of living goes significantly upwards due to the amenities Colaba offers.
That is the reason why more celebrities prefer this locality for their homes.
Colaba is a community known for its opulent lifestyle and convenient access to nearby locations. People may easily travel up and down on a regular basis because of the numerous employment hubs in and around Colaba.
Through highways and railroads, it is well connected to other areas of the city and to other regions of Maharashtra. The nearest railway stations to Colaba are CSMT or Chhatrapati Shivaji Maharaj Terminus and Churchgate apart from the Colaba railway station.
Both of the stations are the busiest stations of the Mumbai local train network and also have stoppages for express trains thus providing a commute to any part of the country.
There are also road routes that link Colaba to other parts of Mumbai.
Thus residents of the Colaba don’t have to worry about their commute.
Colaba is a place full of liveliness and jolliness that resides in the pubs, clubs, cafes, and restaurants of the area.
With that, there are some world-class schools like Navy Children School, St. Joseph High School, and G D Somani Memorial School that offer international-level education to the students.
Some decent hospitals in Colaba are Nova Global Hospital, Apollo Clinic, Kalajot Hospital, and RK hospital.
Some show-stopper shopping mall complexes in the area are Regimental Shops, Taj Shopping Arcade, and Metro Plaza.
Colaba is an upscale residential and tourist destination in Mumbai city that is surrounded by various other high–class localities.
Some of these localities include Marine Drive, Nariman Point, Worli, Lower Parel, Andheri, and Bandra Kurla Complex.
All these areas make Colaba a premium location with a high – budget.
Colaba enjoys great connectivity to other localities of Mumbai through Mumbai's local train network which is very vast.
Colaba has a railway station and its neighboring railway stations are Churchgate and CSMT.
With that bus, auto, and metro services are available in Colaba.
Location | Current Price | 3 Months | 6 Months | 1 Year |
---|---|---|---|---|
Kalbadevi | ₹ 25,229 | +17.99% | +16.69% | +10.21% |
Bhuleshwar | ₹ 19,810 | +2.64% | -1.01% | +0.03% |
Configurations | Area Range(in Sq.Ft.) | Price Range |
---|---|---|
1 BHK | 490-600 | ₹ 60,600 - 74,200 |
1.5 BHK | 570-650 | ₹ 70,500 - 80,400 |
2 BHK | 850-1000 | ₹ 105,100 - 123,600 |
2.5 BHK | 1550-1550 | ₹ 191,600 - 191,600 |
3 BHK | 1300-1500 | ₹ 160,700 - 185,500 |
3.5 BHK | 3546-4450 | ₹ 438,400 - 550,200 |
Project | Transactions | Current Price | Price Change |
---|---|---|---|
Pushpa Vihar CHS | 2 | ₹ 39,604 | -₹ 2,092 |
Kavita | 1 | ₹ 53,713 | - |
Sangam Bhavan | 1 | ₹ 51,101 | +₹ 12,678 |
Colaba Court | 1 | ₹ 47,578 | - |
Candy Castle CHS | 1 | ₹ 38,947 | +₹ 1,098 |
Ruki Mahal | 1 | ₹ 32,668 | - |
Project | Sale Value | Current Price | Price Change |
---|---|---|---|
Kavita | ₹ 12 Cr. | ₹ 53,713 | - |
Pushpa Vihar CHS | ₹ 4 Cr. | ₹ 39,604 | -₹ 2,092 |
Colaba Court | ₹ 3 Cr. | ₹ 47,578 | - |
Ruki Mahal | ₹ 2 Cr. | ₹ 32,668 | - |
Candy Castle CHS | ₹ 2 Cr. | ₹ 38,947 | +₹ 1,098 |
Sangam Bhavan | ₹ 2 Cr. | ₹ 51,101 | +₹ 12,678 |
Project | Gross Value |
---|---|
Kavita | ₹ 12 Cr. |
Colaba Court | ₹ 3 Cr. |
Ruki Mahal | ₹ 2 Cr. |
Candy Castle CHS | ₹ 2 Cr. |
Pushpa Vihar CHS | ₹ 2 Cr. |
Sangam Bhavan | ₹ 2 Cr. |
Project | Current Price |
---|---|
Kavita | ₹ 53,713 |
Sangam Bhavan | ₹ 51,101 |
Colaba Court | ₹ 47,578 |
Heliopolis | ₹ 42,779 |
Sukh Niwas | ₹ 41,352 |
Souvenir Building | ₹ 40,572 |
Pushpa Vihar CHS | ₹ 39,604 |
Candy Castle CHS | ₹ 38,947 |
Bela Court | ₹ 37,099 |
Tulip Apartment | ₹ 36,939 |
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
52%
|
|
Villa
|
47%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
32%
|
|
2 BHK
|
12%
|
|
3 BHK
|
3%
|
|
4 BHK
|
3%
|
|
6+ BHK
|
47%
|
Budget |
Enquiries |
|
---|---|---|
50 L - 2 Cr.
|
7%
|
|
2 Cr. - 5 Cr.
|
37%
|
|
Above 5 Cr.
|
55%
|
Property Type |
Enquiries |
|
---|---|---|
Apartment
|
93%
|
|
Villa
|
1%
|
BHK |
Enquiries |
|
---|---|---|
1 BHK
|
32%
|
|
2 BHK
|
28%
|
|
3 BHK
|
21%
|
|
4 BHK
|
5%
|
|
6+ BHK
|
1%
|
Budget |
Enquiries |
|
---|---|---|
50 L - 2 Cr.
|
5%
|
|
2 Cr. - 5 Cr.
|
60%
|
|
Above 5 Cr.
|
33%
|
Elan Group acquired two land tracts in the financial year 2022-2023 to expand its commercial real estate enterprise. The object of the exercise is to enter the big-ticket residential segment...