Altamount Road, Mumbai

Located in South Mumbai, Altamount Road is one of the most affluent residential areas in Mumbai. With PIN code 400026, it is situated in South Mumbai near popular localities like Kemps Corner, Gowalia Tank and Tardeo. Altamount Road enjoys a premium location close to business districts and upmarket residential areas. The locality offers plush homes and a high standard of living within walking distance of amenities like shops, restaurants, parks and Mumbai's business hub. 

Altamount Road is home to some of Mumbai's wealthy residents. The locality attracts senior business executives, industrialists, celebrities and affluent professionals who enjoy a high-class lifestyle. Residents pursue leisure activities like memberships to exclusive clubs and attend various social gatherings and charity events. The tree-lined streets have a calm ambience. Cultural diversity is seen with people from different religious and linguistic backgrounds co-existing in harmony. Community celebrations and festivals are organized, upholding the cosmopolitan culture of the area.

Physical Infrastructure of Altamount Road

Altamount Road benefits from robust transportation links. Wadala, Wadi Bunder CST and Churchgate stations on the Mumbai suburban railway network are within close proximity, providing direct connectivity to all parts of the city and MMR region. The arterial Eastern Freeway and arterial roads like Maharashtra Road and Netaji Subhash Road ensure smooth traffic flow. Private vehicles, taxis and Uber/Ola cabs are easily available for local commute. The proximity to business hubs like Nariman Point, Fort and BKC makes commuting to work convenient. Police stations like Colaba and Fire Stations like Crawford Market and Charni Road aid public safety and security.

Social and Retail Infrastructure of Altamount Road

Altamount Road is well served by exceptional social infrastructure. Some of the top schools located in the vicinity include The Universal School, Grant Road Central High School and Edubridge Intl. School. Residents have access to reputed colleges like Sophia College and Wilson College. Medical needs are expertly covered by illustrious hospitals such as Sir HN Reliance Foundation Hospital and ACI Cumballa Hill Hospital. Daily grocery needs can be met at stores like Nilgiri's, while larger malls such as Heera Panna Shopping Center, Phoenix Palladium offer extensive retail options under one roof. This well-developed social infrastructure caters to all needs of an affluent resident.

Real Estate Market Trends and Rental Demand in Altamount Road

Due to its prime location and upscale amenities, property rates in Altamount Road have historically remained high. With average rates hovering around Rs. 26,000-100,000 per sqft, the area continues to attract HNI buyers looking for luxury living. Rental yields are around 2-3% annually. While prices saw a momentary dip during the pandemic, demand has bounced back swiftly given the shortage of quality housing in South Mumbai. Premium infrastructure and a congenial environment for high-income professionals have sustained rental demand among expat and corporate tenants. Landlords can lease 2BHK or larger flats easily. The excellent social and physical infrastructure of Altamount Road ensures its property market retains value.

Top Employment Hubs nearby Altamount Road

Being strategically located in South Mumbai, Altamount Road places residents in close proximity to some of the city's major commercial centers. Some of the top employment hubs near Altamount Road include:

• Vishal Business Hub - 140m
• The South Bay - 1.1km
• Regus Business Centre, Worli - 2.9km
• Shubham Trading Corporation, Marine Lines - 4.5km
• Lodha Excelus, Worli - 4.7km

Famous Localities near Altamount Road

Located in the heart of South Mumbai, Altamount Road is surrounded by many upmarket localities within a short drive. Some of the famous landmarks in Altamount Road are:

• Pedder Road
• Gowalia Tank
• Gamadia Colony
• Tardeo
• It Colony

Top Things to Do in Altamount Road

Situated in prime South Mumbai, Altamount Road provides residents with ample options for recreation and leisure activities within a short distance. Some of the top things to do in Altamount Road are:

Shree Mahalakshmi Temple: 

One of Mumbai's most iconic temples known for its intricate carvings and large complex visited by thousands during festivals.

Girgaon Chowpatty: 

This historic beach is a vibrant location to spend weekends watching street performances, tasting street food and enjoying scenic views.

Haji Ali Dargah: 

Floating mausoleum located in the middle of the sea, it's a major pilgrimage site attracting people of all faiths for its peaceful ambience and architectural beauty.

Veermata Jijabai Bhosale Botanical Udyan and Zoo: 

Spread over 27 hectares, it is home to various plant and animal species along with beautiful landscaped gardens perfect for leisure walks and picnics.

Mahalakshmi Race Course: 

Asia's second largest horse racing track that comes alive during horse races. It's a premier hangout place for Mumbai's elite on weekends to socialize, place bets and enjoy the greens.

Conclusion

What’s Good:

Set in prime South Mumbai, Altamount Road offers an unparalleled standard of living within the city. Some noteworthy aspects include:

• Prestigious address in Mumbai
• Access to excellent social and physical infrastructure
• Proximity to business hubs and employment centers
• Abundance of recreational landmarks and natural attractions
• Cosmopolitan culture and high-end lifestyle amenities.

What’s not Good:

While the locality is certainly elite and well-appointed, high property prices could limit affordability. Other aspects requiring attention include:

• Traffic congestion on main roads during peak hours
• Shortage of open/green spaces considering population density
• Scope to improve pedestrian-friendly infrastructure and public transport
• Greater protection of heritage buildings and preservation of neighborhood character

Overall, Altamount Road retains immense potential for both residents and real estate investors.