These are the latest property rates in Marine Drive, Mumbai — the Queen’s Necklace arc of Netaji Subhash Chandra Bose Road between Nariman Point and Girgaon Chowpatty — with price estimates, rental figures and how Marine Drive compares with its neighbours.
Estimated Property Prices in Marine Drive
These property rates in Marine Drive span a very wide market on a carpet-area basis. Buildings set back from the sea, and older stock, trade around ₹55,000–75,000/sq.ft.
Front-line units with an unobstructed Back Bay view run ₹90,000–2,50,000 and above — among the most expensive addresses in India. The ₹82,000 headline is a blend; independent aggregators quote ₹80,900–81,250 as the locality average.
Rental Rates in Marine Drive
From independent market research, not Asraa Realty’s own rental listings. Against the sale figure for property rates in Marine Drive, these rents work out to a gross yield near 2.5–3.2% — capital values here are driven by scarcity and view, not rental return.
Marine Drive Property Price Trend
South Mumbai’s sea front peaked around 2020–21, eased through 2022–23, then ran hard: about +31% over three years but only +11.6% over five, with roughly +16% in the last year alone.
Points are shaped from published appreciation data for property rates in Marine Drive; the 2021–23 dip is shown as reported rather than smoothed out.
Estimate Your Property’s Value
Enter the carpet area and configuration of a property in Marine Drive to get an instant range, between the indicative transaction benchmark and the current asking rate.
Estimate only, based on carpet area (per RERA’s mandatory quoting rule) — on Marine Drive the value depends heavily on floor height and whether the unit faces the sea.
This is a quick estimate using this locality’s researched transaction and asking rates. For a precise, property-specific valuation, get an exact valuation.
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Marine Drive & Neighbouring Localities
| Locality | Rate | vs Marine Drive |
|---|---|---|
| Marine Drive (this locality) | ₹82,000 | — |
| Churchgate | ₹73,000 | -11% |
| Marine Lines | ₹72,000 | -12% |
| Charni Road | ₹60,000 | -27% |
Marine Lines, Churchgate and Charni Road are all independently researched and cross-verified as of 6 September 2026.
Churchgate and Marine Lines step back from the Back Bay frontage into the business district and trade a notch below it. Charni Road blends its own sea-facing stretch with the Girgaon quarters inland.
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Chat on WhatsApp or call +91 96199 73211About Marine Drive
Marine Drive is the 3.6 km sweep of Netaji Subhash Chandra Bose Road along the Back Bay, from Nariman Point in the south to Girgaon Chowpatty in the north, its Art Deco crescent a UNESCO-listed ensemble known as the Queen’s Necklace.
The residential stock is a fixed set of 1930s–1970s Art Deco and cooperative-society buildings facing the sea, with a small number of redeveloped towers — no meaningful new supply is possible on the frontage itself.
At about ₹82,000/sq.ft blended asking, property rates in Marine Drive are below the ₹95,000 figure carried on older indices. Independent aggregators put the locality average near ₹80,900–81,250.
The market splits sharply by position: buildings set back from the sea and older stock trade around ₹55,000–75,000/sq.ft, while front-line units with an unobstructed view run ₹90,000–2,50,000 and above. An indicative transaction benchmark is around ₹55,000/sq.ft.
Marine Drive is residential, hospitality and institutional — hotels, clubs, the aquarium and colleges — with the Nariman Point office district adjoining its southern end rather than on the frontage itself.
What Affects Prices in Marine Drive
Frequently Asked Questions
Common questions about property rates in Marine Drive, covering residential and rental figures.
What is the current property rate in Marine Drive?
The blended asking rate for property rates in Marine Drive is around ₹82,000 per sq.ft carpet area (as of mid-2026), below the ₹95,000 figure on older indices. Independent aggregators put the locality average near ₹80,900–81,250.
Older and set-back buildings trade around ₹55,000–75,000, while front-line sea-facing units run ₹90,000–2,50,000 and above. An indicative transaction benchmark is around ₹55,000 per sq.ft.
Why is there such a wide price range in Marine Drive?
Position is everything on the frontage. A unit on a high floor with an unobstructed Back Bay view can trade at two to three times the rate of a lower flat in the same building, or one in a row set back from the sea.
The stock is also fixed — a UNESCO-listed Art Deco precinct with almost no new construction — so scarcity magnifies the view premium. The ₹82,000 headline is a blend across both ends.
Have property rates in Marine Drive really fallen from ₹95,000?
The ₹95,000 figure on older indices reflected the 2020–21 peak. The frontage eased through 2022–23 and has since recovered strongly — about +16% in the last year and +31% over three years — but the five-year change is only about +11.6%.
The current blended asking rate of ₹82,000 sits between that peak and the 2023 low.
What is the average rent in Marine Drive?
Based on independent market research, monthly rent is roughly ₹60,000–1.00 Lakh for a 1 BHK, ₹1.00–2.00 Lakh for a 2 BHK, and ₹2.00–4.50 Lakh for a 3 BHK. Gross yield works out near 2.5–3.2% — low, because capital values are driven by view and scarcity rather than rental return.
Are these rates guaranteed, and how are they calculated?
No — the asking, transaction and Ready Reckoner rates are sourced from independent third-party market research, not guaranteed or a substitute for a professional valuation.
Asraa Realty separately began recording its own monthly rate snapshot for this locality on 6 September 2026. For an exact, property-specific figure, use the enquiry form above.
About Our Property Rate Data
Rates on this page — asking, transaction benchmark, Ready Reckoner, BHK and rental figures — are drawn from independent published research and government records, not generated by Asraa Realty.
All figures are on a carpet-area basis, per RERA’s mandatory quoting requirement. Marine Drive is a two-market frontage: set-back and older buildings at ₹55,000–75,000/sq.ft and front-line sea-facing units at ₹90,000–2,50,000 and above; the ₹82,000 headline is an indicative blend.
The trend line reflects a 2020–21 peak, a 2022–23 easing and a strong recent recovery — hence a three-year change (+31%) larger than the five-year change (+11.6%).
The Ready Reckoner shown is the published band for this sea-front zone. Use the enquiry form above for a precise, property-specific estimate.
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