Marine Drive Overview, Mumbai

Location and Landmarks

Marine Drive, called the "Queen's Necklace," is a fancy area in South Mumbai. It fronts the Arabian Sea, providing jaw-dropping sea views and a bustling lifestyle.

Key landmarks include the Gateway of India, Nariman Point, and the Art Deco buildings along the beachfront.

Property Types and Rates

Marine Drive features various luxury homes:

• High-end Apartments: With international amenities and stunning sea views. Starting at ₹25 Cr for sea-facing ones.
• Heritage Homes: Combine nostalgia and modern living with their Art Deco design.
• Commercial Spaces: Perfect for offices, luxury shops, and art galleries.

Property prices per square foot:

• Flats: Around ₹66,650 to ₹80,850.
• Specific rates:
  • Apartments: ₹70,000 to ₹1 lakh.
  • Luxury Sea-Facing Apartments: Starting at ₹25 Cr.

Infrastructure and Amenities

The area offers top-notch infrastructure and services.

• Schools: JB Petit High School for Girls, HR College of Commerce and Economics, St. Xavier’s College.
• Hospitals: Bombay Hospital, Breach Candy Hospital, Saifee Hospital.

Shop and dine: Luxury malls, designer boutiques, upscale eateries, plus regular cafes and bakeries along the promenade.

Lifestyle and Community

Marine Drive offers a glamorous, cultural, and convenient lifestyle. It hosts a close-knit neighborhood valuing art and culture. This place is home to Mumbai’s elite, including famous personalities.

Investment Potential

Marine Drive is a top pick for real estate investment due to its central location and exclusive status, with high demand for beachfront properties. Property prices have increased 7.4% over the past year, showing strong growth. The area is expected to grow with ongoing heritage and infrastructure projects.

Rental Options

A variety of rental options are available:

• Fully furnished flats with 1 BHK to 6+ BHK and pet-friendly high-rise apartments.
• Monthly prices from ₹1.5 Lac to ₹5.25 Lac for 2 BHK to 4 BHK apartments.

PropertyWala's Conclusion

Marine Drive, Mumbai, mixes luxury, exclusivity, and a prime spot, making it a dream spot for buyers and renters. It boasts gorgeous sea views, an array of historical and modern designs, and proximity to major business and cultural landmarks. It’s perfect for long-term investment or a lavish lifestyle. But don’t forget, high property prices and a competitive market require careful planning.