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Mumbai Coastal Road Project: The Next Big Thing For Mumbai's Real Estate
Mumbai Coastal Road Project: The Next Big Thing For Mumbai's Real Estate
Discover the Mumbai Coastal Road Project, a game-changer for Mumbai's Real Estate. Experience improved connectivity, reduced congestion, and access to green spaces in upscale neighborhoods of Mumbai.

The Mumbai Coastal Road Project (MCRP) is a massive infrastructure initiative born out of the necessity to address the ever-increasing traffic congestion and connectivity challenges in Mumbai. As a city that serves as the commercial and financial heart of India, Mumbai attracts millions of people, leading to a dense urban landscape and a strain on existing transportation systems.

Phase 1 of the project, currently under construction, spans approximately 10.58 km and is focused on the southern section between Marine Drive and the Bandra Worli Sea link. This phase is a feat of an engineering marvel as it involves reclaiming land from the sea to create an 8-lane expressway that will significantly enhance the connectivity between South Bombay and Bandra. The inclusion of a bridge on stilts, an elevated road, and twin tunnels under Malabar Hills showcases the innovative approach taken to overcome geographical challenges and provide smooth transportation flow.

The commencement of the MCRP dates back to December 2018 when the foundation stone was laid, signifying the city's commitment to tackle its traffic woes head-on. The completion and expected opening of Phase 1 in January 2024 will mark a significant milestone in Mumbai's journey toward a more efficient and modern transportation network.

Phase 2, a critical part of the project, will extend the coastal road further north, covering approximately 19 km to connect Bandra with Kandivali. The 9.6 km Bandra-Versova Sea Link (VBSL) project, awarded to the APCO Infratech – Webuild JV, plays a pivotal role in this extension. This ambitious phase will significantly reduce travel times between these regions and unlock new avenues for development and growth.

One of the project's standout features is its emphasis on creating vast green spaces, which is a rarity in the densely populated city of Mumbai. By reclaiming around 90 hectares of land, the MCRP is set to create an oasis amidst the concrete jungle. This green belt, covering 70 hectares, will not only offer a welcome respite for residents but also provide a range of recreational facilities, including cycle tracks, promenades, amphitheaters, and children's play areas, fostering a healthier and more enjoyable urban environment.

The comprehensive development plan for Phase 2 includes a 19.22 km northern extension that will seamlessly connect Bandra, Versova, and Kandivali. The inclusion of connectors to Bandra, Carter Road, and Juhu Koliwada demonstrates a holistic approach to infrastructure planning that takes into account the diverse needs of the city's residents.

Mumbai Coastal Road Project is a bold and ambitious undertaking that seeks to revolutionize the city's transportation landscape. With its focus on improved connectivity, reduced congestion, and the creation of green spaces, the MCRP aspires to shape Mumbai into a more livable and sustainable metropolis for its residents and visitors alike. As the city continues to evolve and grow, this project will serve as a crucial artery that keeps the heart of Mumbai pulsating with life.


Prominent Localities Around The Mumbai Coastal Road Project (MCRP)


Mahalakshmi

Mahalakshmi is a prestigious residential neighborhood in Mumbai, known for its affluent character. Its proximity to the sea and major employment centers like Worli and Lower Parel has spurred real estate growth and demand in the area. The presence of the Bandra Worli Sea Link, located just 5 km away, ensures convenient access to the western suburbs. Additionally, the Eastern Expressway connectivity provides easy reach to Navi Mumbai and Thane. Take a look at these exceptional homes in Mahalaxmi.

Top Residential Projects In Mahalaxmi

1. Lodha Solitaire

Lodha Solitaire by Lodha Group at Mahalaxmi is a premium residential project offering luxurious living spaces in the affluent neighborhood of Mahalakshmi, Mumbai. With top-notch amenities and a strategic location, the project promises an opulent lifestyle and convenient access to major business hubs and recreational attractions in the city.

  • Location- Jacob Circle, Mahalaxmi
  • Possession Date- December 2027
  • Project Size- 0.71 Acres, 249 Units
  • Developer- Lodha Group
  • Configurations- 3, 4 BHK
  • Price- Starting from INR 4.44 CR

2. Piramal Mahalaxmi

Piramal Mahalaxmi by Piramal Realty at Mahalaxmi presents an exquisite luxury residential project in the heart of Mumbai. With its opulent design, high-end amenities, and breathtaking views of the city and the Arabian Sea, Piramal Mahalaxmi offers a lavish and exclusive living experience for discerning homebuyers seeking the epitome of elegance and comfort.

  • Location- Jacob Circle, Mahalaxmi
  • Possession Date- December 2025
  • Project Size- 4.0 Acres, 1060 Units
  • Developer- Piramal Realty
  • Configurations- 2, 3, 4 BHK
  • Price- Starting from INR 4.50 CR

3. Planet Godrej

Planet Godrej by Godrej Properties at Mahalaxmi is a prestigious residential project offering premium apartments in one of Mumbai's most sought-after neighborhoods. With its contemporary architecture, world-class amenities, and stunning views of the city and sea, Planet Godrej promises a luxurious and sophisticated living experience for its residents.

  • Location- Jacob Circle, Mahalaxmi
  • Possession Date- Ready
  • Project Size- 9.0 Acres, 480 Units
  • Developer- Godrej Properties
  • Configurations- 2, 3, 5 BHK
  • Price- Starting from INR 7.80 CR

Average price in Mahalaxmi


Marine Drive

Also known as the "Queens Necklace," Marine Drive is one of South Mumbai's most upscale and costly areas. It is a major tourist attraction in the city, offering a picturesque promenade along the Arabian Sea. The locality is surrounded by well-known areas such as Malabar Hill, Girgaon, and Churchgate. Take a look at these charming homes in Marine Lines.

Top Residential Project In Marine Drive

1. One Marina

One Marina by Sheth Creators at Marine Lines is a prestigious residential project offering luxury apartments in one of Mumbai's prime locations. With its contemporary design, world-class amenities, and panoramic views of the Arabian Sea and the city, One Marina promises an elevated and sophisticated living experience for its residents.

  • Location- Sonapur, Marine Lines
  • Possession Date- December 2028
  • Project Size- 0.26 Acres, 220 Units
  • Developer- Sheth Creators
  • Configurations- 2, 3, 4 BHK
  • Price- Starting from INR 5.50 CR

Average price in Marine Lines


Worli

Positioned between the prominent business districts of Nariman Point and Bandra-Kurla Complex, Worli is among Mumbai's costliest residential locales. It boasts various entertainment venues, luxurious hotels, shopping malls, and renowned restaurants. Tourist attractions like Nehru Planetarium, Haji Ali Dargah, and Worli Fort add to its charm. Take a look at these brilliant homes in Worli.

Top Residential Projects In Worli

1. Lodha Maison

Lodha Maison by Lodha Group at Worli is an exclusive premium residential project that epitomizes luxury living in Mumbai. With its upscale design, top-notch amenities, and a coveted location in Worli, Lodha Maison offers a prestigious and sophisticated lifestyle for discerning homebuyers seeking the finest in residential living.

  • Location- Worli
  • Possession Date- Ready
  • Project Size- 0.84 Acres, 12 Units
  • Developer- Lodha Group
  • Configurations- 4 BHK
  • Price- Starting from INR 41 CR

2. Chandak Cornerstone

Chandak Cornerstone by Chandak Group at Worli offers a modern residential project in one of Mumbai's prime neighborhoods. With its contemporary architecture, thoughtfully designed living spaces, and convenient location, Chandak Cornerstone provides an ideal opportunity for comfortable and stylish living in the bustling city of Mumbai.

  • Location- Upper Worli, Worli
  • Possession Date- June 2024
  • Project Size- 0.58 Acres, 53 Units
  • Developer- Chandak Group
  • Configurations- 2 BHK
  • Price- INR 3 CR

3. Blu

BLU by Indiabulls Real Estate at Worli is an exceptional luxury residential project in Mumbai. With its opulent design, premium amenities, and strategic location, BLU offers an extravagant and exclusive living experience for discerning homebuyers looking for the finest in upscale urban living.

  • Location- Upper Worli, Worli
  • Possession Date- Ready
  • Project Size- 0.9 Acres, 345 Units
  • Developer- Indiabulls Real Estate
  • Configurations- 2, 3, 4 BHK
  • Price- Starting from INR 6.04 CR

Average price in Worli

With the development of the Mumbai Coastal Road Project, all the areas surrounding the coastal road are expected to experience significant benefits. One notable advantage will be the surge in housing demand in the suburbs near the coastal road, leading to a subsequent increase in property prices. According to a study, many areas near the coastal road have already witnessed property price appreciation ranging from 5% to 15% since the commencement of the project.

The impact of the Mumbai Coastal Road project will not be limited to just Mahalakshmi, Marine Drive, and Worli. Other areas set to benefit include Dahisar, Borivali, Goregaon, Kandivali, Mira Road, Bandra, Andheri, and more.

The improved connectivity and reduced congestion brought about by the coastal road will offer residents in these localities enhanced convenience and accessibility, making them increasingly desirable places to live. As the project nears completion, these localities are poised to witness further growth and development, elevating the demand for homes in Mumbai.


Benefits of Choosing a Home Close to the Mumbai Coastal Road Project (MCRP)

Living near the upcoming Mumbai Coastal Road Project (MCRP) can offer numerous benefits to residents, making it an attractive choice for potential homeowners. Here are some of the advantages of having a home nearby this infrastructure initiative:

Improved Connectivity

The MCRP aims to provide enhanced connectivity between different parts of Mumbai, including the southern and northern regions. Living near the coastal road will enable residents to have easy access to major transportation routes, reducing travel time and making commuting more convenient.

Reduced Traffic Congestion

One of the primary objectives of the MCRP is to address the issue of traffic congestion in Mumbai. By providing an 8-lane expressway and better road infrastructure, the project aims to alleviate traffic bottlenecks in the city. Residents living nearby will experience reduced traffic congestion and smoother traffic flow, making their daily commute much more efficient.

Shorter Travel Times

With improved connectivity and reduced congestion, residents near the MCRP can enjoy significantly shorter travel times. This can lead to increased productivity, reduced stress, and more quality time spent with family and friends.

Increased Property Value

Proximity to major infrastructure projects like the Mumbai Coastal Road often results in increased property values. As the project nears completion and becomes operational, the demand for housing in the area is likely to rise, positively impacting property prices.

Access to Green Spaces

The MCRP includes the creation of vast green spaces, covering around 70 hectares, amidst the densely populated city. Living nearby will give residents access to these recreational areas, offering a welcome respite from the concrete jungle. It provides opportunities for outdoor activities like jogging, cycling, picnics, and leisurely strolls, contributing to a healthier lifestyle.

Aesthetic Appeal

The coastal road project is designed with an emphasis on creating aesthetically pleasing infrastructure. The presence of elevated roads, bridges on stilts, and tunnels can enhance the visual appeal of the area, providing residents with a unique and modern urban environment.

Development and Growth Opportunities

The MCRP's focus on improved connectivity and the development of green spaces is likely to attract further development and investment in the area. As more businesses and amenities are established, residents will have access to a wider range of services and opportunities for leisure and entertainment.

Quality of Life

Overall, living near the MCRP can significantly improve the quality of life for residents. The combination of reduced commute times, enhanced connectivity, access to green spaces, and improved infrastructure can make daily living more enjoyable and convenient.

Public Transport Options

The MCRP is likely to integrate with existing public transport systems, making it easier for residents to access various parts of the city using buses, trains, or other modes of public transportation.

To conclude, the Mumbai Coastal Road Project will offer a host of benefits, including improved connectivity, reduced traffic congestion, access to green spaces, increased property value, and enhanced overall quality of life. As the project nears completion and the area experiences further development, it can become a highly desirable and sought-after location for homeowners and investors alike.

So wait no more and get your dream home in these exciting locations in Mumbai! To make your journey seem like a cakewalk, join hands with Dwello today.

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