Real Estate India

Mumbai Coastal Road Phase 1 Opening in August to Boost Property Values

By GeoSquare News Desk · Published 2026-11-01

The much-awaited Mumbai Coastal Road Phase 1 is set to open by August 2024, covering a 10.5 km stretch from Marine Drive to Worli. This infrastructure project is expected to significantly ease traffic congestion on the city's western corridor and reduce travel time for daily commuters.

Travel Time Reduction

Once operational, the coastal road will cut travel time between Marine Drive and Worli from the current 40-45 minutes to just 10-15 minutes. This will provide a seamless connection to business hubs like Nariman Point, Lower Parel, and Worli, making commuting more efficient for professionals and residents alike.

Property Value Impact

Real estate experts believe that the opening of Phase 1 will give a strong boost to property values along the western waterfront. Areas such as Worli, Prabhadevi, and parts of Lower Parel are already witnessing increased buyer interest, with several new residential and commercial projects being planned in these micro-markets.

Key Micro-Markets to Watch

Investors should keep an eye on localities directly benefiting from the coastal road, including Worli, Mahim, and Dadar. The improved connectivity is likely to drive demand for premium apartments and commercial spaces, making these areas attractive for both end-users and investors.

The full Coastal Road project, extending up to Versova, is expected to be completed in phases over the next few years. For now, Phase 1 is a significant milestone that promises to reshape Mumbai's western skyline and real estate landscape.