India, March 29 -- Mumbai real estate market's western suburbs, such as Borivali, Goregaon and Andheri, are increasingly approaching benchmarks traditionally associated with South Mumbai and premium locations like Worli, Bandra and Juhu, prompting a debate over whether suburban markets are beginning to rival established luxury hubs.

According to real estate experts, the recent transactions in projects of branded developers signify a fundamental structural shift rather than isolated outliers. Experts noted that while the average per sq ft price in the suburbs remains significantly lower than in South Mumbai and prime areas like Worli, Bandra, and Juhu. However, the gap has narrowed.

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