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Mumbai Coastal Road Project: Cost, Route map, and effects on real estate

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The Mumbai Coastal Road Project is a 29-km, eight-lane expressway connecting South Mumbai and the Western suburbs. The estimated cost of the project is Rs 13,060 crore and is executed by the Brihanmumbai Municipal Corporation (BMC).

Mumbai Coastal Road Project: Key facts

Name Mumbai Coastal Road Project. To be named after Chhatrapati Sambhaji Maharaj
Project executed by BMC
Project general consultant AECOM
Status Under-construction
Length 29 km
Lanes 8
Completion June 2024
Start point Princess Street Flyover, Marine Lines
Endpoint Kandivali
Project cost Rs 13,060 crore (previously estimated to be around Rs 12,700 crore)
 

Mumbai Coastal Road Project: Route map

Commencing at Marine Lines in South Mumbai, the coastal road project extends to Kandivali in the Western suburbs. The initiative includes the incorporation of two underground tunnels at Malabar Hill and Girgaum Chowpatty. The project encompasses green spaces, a sea wall, and several interchanges.

Mumbai

With the completion of this toll-free project, the travel time between the two places will be reduced from 2 hours to 40 minutes.

Mumbai Coastal Road Project: Opening date

The Mumbai Coastal Road Project Phase-1 will be operational from January 31, 2024, mentioned Maharashtra chief minister Eknath Shinde at an event. Phase-2 of the Mumbai Coastal Road Project will be operational after May 31, 2024, when the entire construction work is expected to be completed.

Mumbai Coastal Road Project: Toll

According to Maharashtra chief minister Eknath Shinde,  Phase-1 of the Mumbai Coastal Road Project from Marine Drive to Worli will not attract any toll.

Mumbai Coastal Road Project: Phase 1

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The under-construction Phase 1 of the Mumbai Coastal Road Project is a 10.58-km stretch. It starts from the Princess Street flyover and ends at the Worli end of the Bandra-Worli Sea Link.

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Mumbai Coastal Road Project: Phase 2

The Phase 2 of the Mumbai Coastal Road Project will be around 20 km. It will start from the Bandra end of the Bandra-Worli Sea Link and will end at Kandivali.

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Phase 2 will comprise a 9.6-km Bandra-Versova Sea Link and will have connectors at Bandra (1.17 km), Carter Road (1.8 km) and Juhu Koliwada (2.8 km).

Mumbai Coastal Road Project: Package construction status

Divided into 1, 2 and 4 packages, L&T is the contractor of packages 1 and 4 and HCC-Hyundai Development Corporation JV is the contractor for package 2.

Package 1: Priyadarshani Park to Baroda Palace (3.82 km)- 83.82% as on December 2023.

Package 2: Baroda Palace to the Worli end of Bandra Worli Sea Link (2.23 km)-69.46% as on December 2023.

Package 4: Princess Street Flyover to Priyadarshani Park (3.93 km)-  90.77% as on December 2023.

Mumbai Coastal Road Project: Status

 

 
 
 
 
 
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As per the BMC’s status report on December 14, 2023, the Mumbai Coastal Road Project is 82.51% complete.  The BMC posted a drone shot real video showing the status of the project on its social media page.

Mumbai Coastal Road Project: History

As an alternative to expensive sea links, the Mumbai Coastal Road Project was first suggested in 2012. However, various issues resulted in the project being stuck for many years.

The Mumbai Coastal Road Project was finally approved in 2018.

Mumbai Coastal Road Project: Impact on real estate

The successful completion of the Mumbai Coastal Road Project is anticipated to bring positive changes to the areas along its route. Improved connectivity and reduced traffic congestion are expected to make South Mumbai easily accessible. Consequently, micro-market regions in Mumbai's real estate, including Kandivali, Dahisar, Mira Road, Goregaon, Jogeshwari, and Bhayandar, may experience a heightened level of desirability. Since the project's announcement and commencement, real estate prices in these areas have witnessed a market escalation of approximately 10-15%.

Also Read: Top-5 trends in India’s real estate to watch-out for in 2024

Frequently Asked Questions

Ans 1. The Mumbai Coastal Road Project is a 29-km road project.

Ans 2. Phase 1 of the Mumbai Coastal Road Project starts from the Princesses Street Flyover.

Ans 3. Phase 2 of the Mumbai Coastal Road Project starts from the Bandra side of the Bandra Worli Sea Link.

Ans 4. The Mumbai Coastal Road Project is expected to be completed by May 2024.

Ans 5. While initially the project was pegged at Rs 12,700 crore, owing to delays, it is now pegged at Rs 13,060 crore.

Ans 6. The BMC is executing the Mumbai Coastal Road Project.

Ans 7. The Mumbai Coastal Road Project will be named after Chhatrapati Sambhaji Maharaj.