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.
Property Rates in Marine Drive by BHK
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.
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.
Property Rates in Marine Drive: 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.
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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.
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.
Property rates in Marine Drive on this page are indicative, on a carpet-area basis, from current listings and published research. The Ready Reckoner rate is set by IGR Maharashtra. These figures are not a valuation.
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