Situated in south Mumbai, the island was named Candil during Portuguese rule. After British took over the region, it was named Colio. The nearest railway stations are Churchgate, and Chhatrapati Shivaji Terminus. The place attracts maximum tourists as Colaba Causeway, Colaba Observatory, Cowasji Jehangir Hall, Cathedral of the Holy Name, Prong's Lighthouse, Gateway of India, Sassoon Docks, David Sassoon Library lie in the vicinity.
Colaba is well-connected to the rest of the city of Mumbai via an extensive network of roadways. Brihanmumbai Electricity Supply and Transport or the BEST provides a number of bus routes via the locality. The various bus routes running through the locality include 1, AS-1 AS, 2 Ltd, 3, 4 Ltd, 6 Ltd, 6 Exp, AS-6 AS, 7 Ltd, 8 Ltd, C-8 EXP, 9, 11 Ltd, 20, 21 Ltd, 22 Ltd, 66, 69, etc.
Colaba offers a number of apartments for sale. A wide range of apartments containing 1, 2 and 3 BHK units. The real estate properties come with a wide range of prices ranging from few lakhs to a few crores. Both ready-to-move-in apartments and apartments under construction are available here. Colaba offers a wonderful and peaceful residential locality to own a house.
The social infrastructure of Colaba is well developed. Colaba houses a number of great schools, hospitals, banks and restaurants. Among the various schools and colleges in and around the locality, the most renowned ones are Serra International School, Early Birds, Naval Public School, Kendriya Vidyalaya, Navy Children School, Dunnes Institute, Garden School, and St. Annes High School.
Some of the well-known hospitals and nursing homes include the Kalajot Hospital, Wadia Hospital, Bombay Hospital and Medical Research Institute, Cama& Albless Hospital, St. Georges Hospital, and Beramjis Hospital, etc.
Corporation Bank, Syndicate Bank, Canara Bank, Punjab National Bank, Dena Bank, Axis Bank, State Bank of India have their branches in the area.