Bandra-Versova Sea Link Sparks Real Estate Boom in Mumbai

When steel and concrete stretch over the sea, the ripples are felt far beyond the shoreline.

Bandra–Versova Sea Link Fuels Early Realty Boom

Although the Bandra–Versova Sea Link (BVSL) is still nearly two years from completion, Mumbai’s real estate market is already witnessing a surge of activity along its corridor. Localities such as Bandra, Juhu, Versova, and Madh Island are seeing new project launches and redevelopment of older buildings, driven by the under-construction infrastructure forming part of the Mumbai Coastal Road Project (MCRP).

According to a Hindustan Times report, construction of the Versova–Bandra Sea Link (VBSL), part of Phase II of the Mumbai Coastal Road, has reached its farthest point from the shoreline—about 900 metres into the Arabian Sea between Bandra and Juhu. The proposed Mumbai Coastal Road (North) will span nearly 60 km, including interchanges and connecting roads, and is expected to reduce travel time between Bandra and Versova to just 15–20 minutes. The project is slated for completion by December 2028.

The Mumbai Coastal Road Project aims to link South Mumbai with the northern suburbs, starting at Nariman Point and extending northwards through Worli, connecting the existing Worli–Bandra Sea Link and the under-construction Bandra–Versova Sea Link, eventually reaching Dahisar. Beyond Dahisar, a separate road to Bhayandar in Thane district forms part of the larger Mumbai Metropolitan Region plan. Real estate experts note that while Nariman Point–to–Bandra connectivity fueled luxury housing growth in areas like Walkeshwar, Malabar Hill, and Worli, the Bandra–Versova Sea Link is set to extend this momentum further into western suburbs.

Sea Link Sparks Realty Surge: Bandra to Madh Island Booms

Bandra has seen strong traction in Bandstand, Carter Road, and areas around the Otters Club, driven by the sea link and eased Coastal Regulation Zone norms. A local developer said, “The Bandra–Versova Sea Link, along with the easing of Coastal Regulation Zone (CRZ) norms, has triggered redevelopment of several old buildings over the last two years. Many developers are offering 100–150% additional area to existing homeowners, anticipating premium valuations due to proximity to major infrastructure in the coming years.” Apartment prices here range from ₹50,000 to ₹1 lakh per square foot.

Juhu has experienced sales of bungalows and villas to developers for high-rise redevelopment. “In the recent past, at least two bungalows have come up for sale in and around Juhu. While height restrictions apply due to the area’s proximity to a defence installation, multiple redevelopment projects have become viable because of the ongoing infrastructure push, which is expected to significantly impact Juhu,” said Vishal Arora, a local real estate consultant. Apartment prices average ₹60,000–₹70,000 per sq ft, with sea-facing properties exceeding ₹1 lakh per sq ft.

In Versova, redevelopment of old buildings has accelerated, as developers compete for tenders anticipating improved connectivity and reduced congestion on the Western Express Highway. Manhendra Varma, a real estate consultant, noted, “Several old buildings have undergone redevelopment due to the infrastructure push, and over the past two years, listed real estate developers have competed aggressively for redevelopment tenders.” Apartment prices range from ₹35,000 to ₹45,000 per square foot.

Madh Island is expected to benefit from the sea link and a proposed Versova–Madh Island bridge. A local broker said, “With the Bandra–Versova Sea Link and the proposed Versova–Madh Island motor bridge, investors are likely to see significant upside.” Apartment prices here range from ₹25,000 to ₹35,000 per square foot. The area is also home to several Bollywood celebrities, including Kartik Aryan, Ronit Roy, Vivek Agnihotri, Ayushmann Khurrana, Sanjay Mishra, and Jubin Nautiyal.

As bridges rise over waves, Mumbai’s skyline and its fortunes shift, connecting more than just land—they link ambition, opportunity, and aspiration.

Summary

Mumbai’s Bandra–Versova Sea Link is fueling a real estate boom across Bandra, Juhu, Versova, and Madh Island. New project launches, redevelopment of old buildings, and rising property prices are driven by the under-construction infrastructure of the Mumbai Coastal Road Project. Once complete, enhanced connectivity is expected to transform the western suburbs and create substantial investment opportunities.