JLL sees Mumbai's western coast as next luxury housing hub
Real Estate

JLL sees Mumbai's western coast as next luxury housing hub

Mumbai's western coastal suburbs are emerging as the city's next luxury residential growth corridor, driven by major infrastructure projects, increasing redevelopment activity and rising demand for larger waterfront homes, according to JLL.

The property consultant said improving connectivity is reshaping residential demand beyond traditional luxury markets such as South Mumbai, Worli, Bandra and Juhu. Emerging micro-markets including Malad and Borivali are witnessing growing interest from both homebuyers and developers, supported by larger land parcels and sea-facing locations.

JLL estimates that around 75-80 coastal redevelopment projects, comprising more than 250 residential units and having a gross development value of about Rs 60 billion, are expected to be launched over the next eight to nine quarters.

According to the consultancy, infrastructure has been a key catalyst for this shift. The Mumbai Coastal Road has reduced travel time between Worli and Marine Drive from around 35-40 minutes to 10-15 minutes under normal traffic conditions. The upcoming Versova-Bandra Sea Link is expected to further improve connectivity by cutting travel time between Versova and Bandra from 45-60 minutes to about 10-15 minutes.

Ritesh Mehta, Senior Director, Residential Advisory Services, India, JLL, said infrastructure-led urban expansion is enabling developers to create larger premium residential communities in locations that were previously constrained by travel times. He added that improved accessibility, waterfront views and better urban infrastructure are broadening the city's luxury residential geography and expanding housing choices for end-users and investors.

JLL noted that while established luxury locations continue to account for a significant share of premium home sales, the next phase of growth is likely to be concentrated in the northern western corridor, where infrastructure improvements are unlocking new opportunities for high-end residential development.

Mumbai's western coastal suburbs are emerging as the city's next luxury residential growth corridor, driven by major infrastructure projects, increasing redevelopment activity and rising demand for larger waterfront homes, according to JLL.The property consultant said improving connectivity is reshaping residential demand beyond traditional luxury markets such as South Mumbai, Worli, Bandra and Juhu. Emerging micro-markets including Malad and Borivali are witnessing growing interest from both homebuyers and developers, supported by larger land parcels and sea-facing locations.JLL estimates that around 75-80 coastal redevelopment projects, comprising more than 250 residential units and having a gross development value of about Rs 60 billion, are expected to be launched over the next eight to nine quarters.According to the consultancy, infrastructure has been a key catalyst for this shift. The Mumbai Coastal Road has reduced travel time between Worli and Marine Drive from around 35-40 minutes to 10-15 minutes under normal traffic conditions. The upcoming Versova-Bandra Sea Link is expected to further improve connectivity by cutting travel time between Versova and Bandra from 45-60 minutes to about 10-15 minutes.Ritesh Mehta, Senior Director, Residential Advisory Services, India, JLL, said infrastructure-led urban expansion is enabling developers to create larger premium residential communities in locations that were previously constrained by travel times. He added that improved accessibility, waterfront views and better urban infrastructure are broadening the city's luxury residential geography and expanding housing choices for end-users and investors.JLL noted that while established luxury locations continue to account for a significant share of premium home sales, the next phase of growth is likely to be concentrated in the northern western corridor, where infrastructure improvements are unlocking new opportunities for high-end residential development.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement