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Most expensive neighbourhoods in India

Last updated on: March 26, 2012 12:21 IST

Most expensive neighbourhoods in India

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There are some streets in India where the property prices are so high that only the super rich can afford to live there.

Let's take a look at some of the most expensive neighbourhoods in India, according to Business Insider.

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Image: Let's take a look at some of the most expensive neighbourhoods in India.
Photographs: Reuters
Tags: India

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Aurangzeb Road

Delhi

Aurangzeb Road, which is near the Prime Minister's residence on Race Course Road, is India's wealthiest street based on the net worth of billionaires living there.

Lakshmi Niwas Mittal, Chairman and CEO, ArcelorMittal, the world's largest steelmaking company, lives there whenever he is in Delhi.

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Image: Lakshmi Niwas Mittal has a house on Aurangzeb Road.
Photographs: Thierry Roge/Reuters

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Kushal Pal Singh, Chairman and CEO, DLF Limited, also has a house on Aurangzeb Road. Other neighbours are Jindals, Analjit Singh of Max India group, Malvinder and Shivinder Singh of Religare, Pepsi bottler Ravi Jaipuria and Atul Punj of Punj Lloyd.

According to reports, properties on this road cost Rs 1.40 lakh per sq ft.

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Image: Kushal Pal Singh also has a house on Aurangzeb Road.
Photographs: Arko Datta/Reuters

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Altamount Road

Mumbai

Two of the richest men in India - Mukesh Ambani and Kumar Mangalam Birla - live on Altamount Road in Mumbai.

The combined wealth of the Altamount Road neighbours adds up to a $31 billion.

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Image: Kumar Mangalam Birla has a house on Altamount Road.
Photographs: Punit Paranjpe/Reuters

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Mukesh Ambani's 27-storey Antilla house is situated there.

Antilia is named after the mythical island in the Atlantic, Antillia. The building is situated on a 4,532 square metres (48,780 sq ft) plot at Altamount Road, Cumballa Hill, South Mumbai.

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Image: Mukesh Ambani's Antilla is located here.
Photographs: Denis Balibouse/Reuters

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Malabar Hill

Mumbai

Ruias of Essar group, Shapoorji Pallonji Mistry, single largest shareholder in Tata Group, Adi Godrej and Venugopal Dhoot reside on Malabar Hill.

The street has a combined net worth of about $30 billion.

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Image: Adi Godrej has a house on Malabar Hill.
Photographs: Reuters

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Ruias of Essar group live on Malabar Hill. An apartment in Malabar Hill actually costs more than the going rate of Rs 70,000/sq ft for multi-storeyed apartments in Altamount Road.

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Image: Ruais of Essar also have a house on Malabar Hill.
Photographs: B Mathur/Reuters

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Amrita Shergill Marg

Delhi

Amrita Shergill Marg, which is in the heart of New Delhi, has bungalows of Bharti's Sunil Mittal and Hindujas.

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Image: Bharti's Sunil Mittal lives on Amrita Shergill Marg.
Photographs: B Mathur/Reuters

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The current market price of property at Amrita Shergill Marg is Rs 96,000/sq ft.

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Image: Hindujas also have a bungalow there.
Photographs: Reuters

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Surjapur

Bangalore

Surjapur makes it to the list thanks to Wipro's Azim Premji, who lives on the campus.

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Image: Azim Premji lives on the campus.
Photographs: Stringer/Reuters

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While Premji lives on Surjapur, N R Narayana Murthy and G M Rao live on Jayanagar in Bangalore.

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Image: N R Narayana Murthy.
Photographs: Jayanta Shaw/Reuters

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Boat Club area

Chennai

Kalanithi Maran and the Murugappa family have houses in Boat Club area in Chennai.

The current property prices for apartments is Rs 20,000/sq ft.

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Image: Kalanithi Maran has a house in Boat Club area in Chennai.
Photographs: Reuters

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While apartments in Boat Club area will set you back by Rs 20,000/sq ft, the current price of a flat in Kolkata's Alipore area is Rs 19,000/sq ft.


Image: Apartments cost Rs 19,000/sq ft in Alipore area in Kolkata.
Photographs: Dipyaman Sarkar/Reuters

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