Mumbai: Many famous people call Mumbai, "The City of Dreams," home. Many celebrities are relocating to Mumbai due to the booming film industry, high-budget web series, etc., and as a result, they want to invest in real estate. As a result, they continue to concentrate their investment efforts on Mumbai's promising neighbourhoods where they can access promising high-class amenities.

Here are five upscale Mumbai locations that Bollywood stars prefer:

• Bandra – High-end residential apartments make up this area's real estate stock. The scenery in this coastal suburb is breathtaking. Along with well-known stars like Shahrukh Khan, Salman Khan, Kareena Kapoor, and Saif Ali Khan, newer stars like Siddharth Malhotra and Ranveer Singh are also spending enormous sums of money to purchase their primary residences in this area. In Bandra, prices increase 7-8% yearly. In Bandra, the average transaction price per square foot is around Rs 44,000.

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• Juhu – A posh neighbourhood in Southwest Mumbai, Juhu is surrounded by well-known areas like Santacruz, Versova, Khar, and Vile Parle. Ajay Devgan, Anil Kapoor, Janhavi Kapoor, and Alia Bhatt recently made headlines by investing in opulent properties with sea views in Juhu. Every year, prices in this area increase by 7%. Juhu is easily accessible thanks to the Western Motorway, Malad-Andheri Link Road, and Sea Link Road. It is anticipated that the Coastal Link Road will further improve connectivity. These luxury residential apartments typically cost around Rs 41,550 per square foot.

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Versova is a high-end housing area with 3% annual price growth. Nawazuddin Siddiqui, a high-profile celebrity, recently constructed a 13 Nawab here. Other famous people, including Sushmita Sen, Tabu, and Arshad Warsi, have also bought real estate in this area. Versova is home to residential projects from renowned developers Lotus Group and Hiranandani Developers. In this upscale neighbourhood, the cost of real estate is approximately Rs 27,000 per square foot.

• Worli - One of Mumbai's burgeoning neighbourhoods, Worli offers a selection of upscale businesses and apartments with a range of prices. Celebrities like Virat Kohli, Anushka Sharma, Yuvraj Singh, and Shahid Kapoor were recently drawn to this area by its strong infrastructure and high-rise buildings. Every year, prices in this area increase by an average of 5 to 6 percent. In Worli, a square foot of real estate costs roughly Rs 41,200.

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• Andheri West – Due to a recent celebrity property purchase, this neighbourhood is attracting the attention of many buyers. Priyanka Chopra, Rajkumar Rao, Vicky Kaushal, Katrina Kaif, and Ayushmann Khurrana are just a few of the famous people who have invested in this hub of luxury housing in recent years. It is a well-liked micromarket with consistent price growth of 4% yearly. The average price of real estate in this area is around Rs 27,550 per square foot.

 More elite Bollywood stars are anticipated to increase their investment in lucrative propositions in the upcoming years. These investments not only assist with portfolio diversification but also assist with tax reduction and market credibility.