India's 13 Posh Localities Where the Rich Reside

Mumbai

4) Altamount Road

Altamount Road in Mumbai is one among the most expensive residential localities where the property prices touch sky. Mumbai is known as a financial hub of the country and the home for many prominent personalities. This Altamount road houses wealthiest personalities like Mukesh Ambani-Chairman of Reliance Industries, Kumar Mangalam Birla-Chairman of Aditya Birla Group and Naresh Goyal-Chairman of Jet Airways. Moreover, Mukesh Ambani’s personal home Antilia, which is the most expensive 27-storey building in India, alone has placed this road to come on the list of most expensive localities category. This upmarket residential locality is currently witnessing the whopping price of 80,000 per square feet for an average apartment.

5) Malabar Hill

Mumbai’s Malabar Hill is an extremely expensive residential area in the financial capital, Mumbai. The escalating property price of this area is because of the prominent people residing in this area making the area posh and exclusive. Some of the renowned people who reside in this locality are Adi Godrej, Shapoorji Pallonji Mistry, business tycoon Venugopal Dhoot, Pranav Mody and the Ruias of Essar Group. Combining the total assets of these high net worth individuals; is about 1.50 lakh crore, which makes Malabar Hill the most expensive locality. An average apartment in Malabar hill costs around 76000 per square feet, making it one of the posh residential localities in the country.

Also Read: 15 Best Locations to Buy Home in India in 2013