The Versova–Bhayandar stretch of Mumbai Coastal Road is expected to boost real estate markets from Nariman Point in South Mumbai to Bhayandar, experts said
Maharashtra Chief Minister Devendra Fadnavis has said the Mumbai Coastal Road North project will decongest the Western Express Highway, which carries around 60% of the city’s traffic, and confirmed that the Bandra–Versova stretch is expected to be completed by March 2028.
Real estate experts said the project is likely to impact property markets along Mumbai’s western corridor. Once the Versova–Bhayandar stretch is completed, it will create seamless connectivity from Nariman Point in South Mumbai to Bhayandar in the Mumbai Metropolitan Region (MMR), significantly reducing travel time and improving accessibility across key residential and commercial micro-markets.
Following an inspection on June 14, Fadnavis said that once fully completed, the Coastal Road will offer seamless connectivity between Nariman Point in South Mumbai and Bhayandar in the Mumbai Metropolitan Region (MMR). The southern stretch linking Nariman Point to the Bandra Worli Sea Link became operational in March 2024, while the northern section will extend connectivity from Versova to Bhayandar.
“The Coastal Road will bring great relief to Mumbai residents. Today, 60 per cent of Mumbai’s traffic passes via the Western Express Highway (WEH), and to reduce the pressure on it, we are preparing a signal-free road from Nariman Point to Bhayandar. Our effort is that this entire project will be completed by October-November or December 2028,” the Maharashtra chief minister said.
Fadnavis said the government was aiming to complete the Coastal Road North section by March 2028, while the Versova-Bhayandar stretch and its connectors were targeted for completion by December 2028. He also said the state government decided to develop the periphery around the Coastal Road into a modern commercial hub on the lines of Bandra Kurla Complex (BKC).
The Versova–Bhayandar stretch of Mumbai Coastal Road North: What it means for real estate markets
Real estate experts believe the biggest beneficiaries are likely to be residential markets in the western suburbs, including Bandra, Khar, Santacruz, Juhu, Andheri, Versova, Malad, Kandivali, Borivali, Dahisar, Mira Road and Bhayandar. Improved connectivity to South Mumbai and key business districts could enhance the appeal of these locations among both homebuyers and developers.
The project is also expected to support property values in South Mumbai neighbourhoods such as Worli, Breach Candy and Nariman Point by improving connectivity to the suburbs. In the commercial real estate segment, office markets in Bandra-Kurla Complex (BKC), Andheri and other western business districts could benefit from easier access and reduced commuting times.