In terms of Maharashtra Legislative Assembly, the precinct consists of the constituencies of Colaba, Mumbadevi, Malabar Hill and Byculla.

Most residents of South Mumbai belong to old money business, law, trade, and fashion families.

Most city residents use the term to refer to the stretch extending from Colaba to Tardeo and Byculla as South Mumbai.

South Mumbai hosts the Reserve Bank of India, the Bombay Stock Exchange and, one of the oldest YMCA buildings.

Its primary business districts are the Fort, Nariman Point, Ballard Estate, and more recently Lower Parel, Mumbai Central.

South Mumbai is home to two UNESCO World Heritage Sites: Chhatrapati Shivaji Maharaj Terminus and the city's distinctive ensemble of Victorian and Art Deco buildings.

[5] South Mumbai's architecture also comprises historical monuments from the colonial era which attract tourists throughout the year.

As a ratio to average per capita income, real-estate prices in the business districts remain the most expensive in the world.

This facilitates quicker transport between people residing in the suburbs and the corporate offices in South Mumbai.