What Makes Mumbai’s Marine Lines A Destination For Investments?
South Mumbai’s Marine Lines is at a prominent location with easy access to business centres, first-rate infrastructure, and leisure opportunities. Real estate investors frequently choose the micro-market when looking for properties with views of the ocean. Investment in Marine Lines is still popular because the location boasts luxury and top-notch amenities. Here’s a look at the local real estate market!
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Marine Lines, a well-known location across the Arabian Sea, was built from a British military base. The region is located in the affluent South Mumbai neighbourhood and is home to Chowpatty Beach and Marine Drive. Due to its accessibility and simplicity of living, Marine Lines is not only a well-liked tourist destination but also a desirable residential area.
Countless residential alternatives
Over 90% of the housing stock in Marine Lines, which is mostly a mid-segment community, is made up of residential apartments, of which roughly 70% are 2 BHK and 3 BHK units. The remaining 30% is heavily weighted in favour of one-bedroom arrangements. The average size of a 2 BHK apartment is 1,000–1,300 square feet, while a 3 BHK home is 1,300–1,500 square feet. After an increase of about 5% YoY, the price of a property is currently around Rs 45,200 per square foot. Nearly 75 percent of properties are priced above Rs 2 crore, while over 80 percent have valuations of Rs 1 crore or more. Builders with projects here include Sheth Creators & YM Infra, Vibrant Group, & Alamdar Infrastructure, among others.
The connectivity Marine Lines offers to commercial hubs like the World Trade Centre (5 km), Bombay Stock Exchange (2 km), & Nariman Point (3 km), among others, is what drives the company’s rental market forward. One-bedroom and three-bedroom apartments account for around 40% of the total demand. A 3 BHK property can rent for more over Rs 1 lakh per month, whereas a 1 BHK apartment typically costs between Rs 25,000 and 30,000 per month.
Incredible connectivity around the city
The Eastern Express Highway & Eastern Freeway, which connect the area to Thane, Navi Mumbai, & eastern suburbs of the city, including Bhandup, Kanjurmarg, & Kurla, among others, provide easy access to various areas of the city for Marine Lines customers. Conversely, the Western Express Highway links Marine Lines to the western suburbs, including, naming a few, Bhayander, Borivali, and Andheri.
Additionally, the area provides unmatched access by train to stations on the western line of the Mumbai Suburban Railway within a two-kilometer radius, including Marine Lines, Churchgate, and Charni Road. The Central and Harbour Rail Network is accessible from the Chhatrapati Shivaji Maharaj Terminus (CSMT). Additionally, it is anticipated that the completion of the Mumbai Metro’s Aqua Line (Line 3), which will connect Cuffe Parade with BKC, SEEPZ, and Aarey Colony, will improve the connection of Marine Lines.
Although there are always cabs and cars available in the region, people frequently lament the traffic congestion and parking issues.
Dependable social and commercial infrastructure
Due to its close proximity to renowned educational institutions like St. Xavier’s College & Aditya Birla World Academy, as well as medical facilities like Breach Candy Hospital & Sir HN Reliance Foundation Hospital & Research Centre, among others, Marine Lines has world-class social infrastructure.
Social amenities close to Marine Lines in Mumbai
| Commercial hubs | Educational institutions | Healthcare facilities | Recreational options |
| World Trade Centre | St Xavier’s Boys Academy | Bombay Hospital | Marine Drive Promenade |
| Peninsula Business Park | HVB Global Academy | Prince Aly Khan Hospital | Chowpatty beach |
| Indiabulls Finance Centre | Jai Hind College | Jaslok Hospital and Research Centre | Gateway Of India |
Along with being close to well-known recreation areas like Bombay Gymkhana, Garware Club House, & Wankhede Stadium, the area is also near Rainbow Plaza, Bhangwadi Shopping Centre, and Ashoka Shopping Centre.
Marine Lines appears to be a good place to invest because it offers all the amenities needed for daily life within easy reach. To prevent such inconsistencies, investors must, however, use due diligence.
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