The property rates in Mumbai are always soaring and most often than not skyrocketing like its highrises every passing day. Indian real estate portal Magicbricks has shared that Andheri, Khar West and Prabhadevi are the most premium areas in Mumbai for residential investments.

According to its latest property evaluation tool, PropWorth, average property rates in Andheri increased 8.8 per cent YoY to reach Rs 29,061 psf; while rates in Prabhadevi increased 16.5 per cent in the past one year to reach Rs 59,300 psf.