Tardeo, Mumbai

Tardeo or Tardeo Road is an elite residential and commercial locality of South Mumbai, stretching from Nana Chowk to Haji Ali Junction, and is one of Asia's most expensive residential and commercial localities, home to India's richest man. Tardeo Road, which runs between Haji Ali Junction and Nana Chowk, is the busy artery that runs through this neighbourhood. The area blends heritage cotton-mill era buildings with new-age high-rises, making it a rare pocket of South Mumbai still seeing fresh residential supply.

The locality's commercial pedigree runs deep. The first retail mall in Mumbai, today known as Brand Factory, can be found here, pulsating amidst the vibrant energy of Maharashtra and providing a wide range of options for discerning shoppers. Beyond retail, Tardeo houses embassies and consulate offices, reinforcing its standing as a diplomatic and business-friendly enclave within the city.

On the residential side, Tardeo is one of the prime locations to own a home in Mumbai South, with a promising social and physical infrastructure and an emerging neighbourhood. Tardeo, Mumbai has 30 ready to move housing societies, around 7 projects under-construction, and 8 newly launched projects. This mix gives buyers options across possession timelines, from immediate move-in to fresh launches.

Investment-wise, the locality has stayed resilient. Flat rates in Tardeo, Mumbai South changed by 5.8% in the last 1 year, 20.9% in the last 3 years, and 29.4% in the last 5 years. The upcoming Mumbai Metro Line 3 (Colaba-Bandra-SEEPZ corridor) and the Mumbai Trans Harbour Link Project are expected to augment connectivity further and propel housing demand in the zone.