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Many partners in Mumbai live in rented apartments.
Can be, but extremely expensive in Mumbai. Partners are upper middle class, unless they come from generational wealth. They surely don't have enough money to blow away crores without thinking ten times.
My partner stays in Kandivali and reaches office by 9 AM. Nobody gives a flying fuck where you stay in Mumbai as long as the work gets delivered on time.
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I know partners who live in Ghatkopar, Hiranandani Thane, Vashi, and Mira Road. They care more about space, schools and amenities for their children, which is lacking in Lower Parel houses.