January 8, 2026: Even though the under-construction Bandra–Versova Sea Link (BVSL) is still nearly two years away from completion, it is already reshaping Mumbai’s suburban real estate landscape. Areas along the corridor—Bandra, Juhu, Versova and Madh Island—are witnessing a noticeable uptick in redevelopment activity and new project launches, driven by improved connectivity prospects linked to 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 coastal road, has progressed to its farthest point from the shoreline, extending nearly 900 metres into the Arabian Sea between Bandra and Juhu. The larger Mumbai Coastal Road (North), spanning nearly 60 km including interchanges, is expected to cut travel time between Bandra and Versova to just 15–20 minutes once completed by December 2028.
The Coastal Road project aims to connect South Mumbai with the northern suburbs, beginning at Nariman Point, running up to Worli through reclaimed land, linking to the existing Worli–Bandra Sea Link, and then extending via the Bandra–Versova Sea Link. From Versova, the road will move northwards to Dahisar and further connect to Bhayandar in the Mumbai Metropolitan Region.
Real estate experts say that the earlier Nariman Point–to–Bandra connectivity triggered a luxury housing boom in areas like Walkeshwar, Worli, and Bandra, and a similar ripple effect is now spreading deeper into the western suburbs.
In Bandra, neighbourhoods such as Bandstand and Carter Road have seen strong demand. “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,” said a Bandra-based developer, adding that many homeowners are being offered 100–150% additional area. Prices here range between Rs 50,000 and Rs 1 lakh per sq ft.
Juhu has seen bungalow owners selling land parcels for redevelopment. “This price momentum is being driven by two key factors, redevelopment activity and the broader infrastructure-led transformation of the area,” said Vishal Arora, noting that sea-facing homes have crossed Rs 1 lakh per sq ft.
In Versova, redevelopment of ageing buildings has accelerated. “Several old buildings have undergone redevelopment due to the infrastructure push,” said Manhendra Varma, highlighting growing developer interest. Prices here range from Rs 35,000 to Rs 45,000 per sq ft.
Madh Island is also emerging as an investment hotspot. “With the Bandra–Versova Sea Link and the proposed Versova–Madh Island motor bridge, investors are likely to see significant upside,” a local broker said. Prices on Madh Island currently range between Rs 25,000 and Rs 35,000 per square foot.
