Property Rates in Marine Lines Mumbai

Mumbai's Marine Lines is a sought-after location for real estate investments, with some of the top-selling projects by value located here. These projects offer luxurious living spaces with modern amenities and facilities.

Valencia and Mishal One Marina is one such project that has been gaining popularity among investors. With a current rate of ₹50,628 per sq. ft., the project offers a range of premium apartments and penthouses with breathtaking views of the Arabian Sea. The sale value of the project stands at ₹175 Cr., making it one of the most valuable projects in the area. While the change in value of the project has been -₹108, it still remains a highly desirable investment opportunity.

Another project that has caught the attention of investors is One Marina, with a current rate of ₹43,624 per sq. ft. The project offers premium apartments with world-class amenities and facilities, making it an ideal place to call home. The sale value of the project stands at ₹79 Cr., making it a lucrative investment opportunity.

These top-selling projects by value in Marine Lines are not only popular among investors but also among homebuyers looking for a luxurious lifestyle. With their prime location, state-of-the-art facilities, and breathtaking views, these projects offer the perfect blend of luxury and comfort. So, if you're looking for a premium living space in Mumbai, these projects are definitely worth considering.

Location Summary:

Marine Lines is a posh residential and commercial locality in South Mumbai, Maharashtra. It is known for its iconic Marine Drive promenade, which offers stunning views of the Arabian Sea and the city skyline. It is well-connected to other parts of Mumbai via road and rail networks, making it a popular choice for both residential and commercial property buyers.

Details:

- Sales Transactions: There have been 79 sales transactions in Marine Lines in recent times, indicating a healthy demand for properties in the locality.
- Gross Sales Value: The total gross sales value of these transactions is estimated to be around ₹ 310 crore, which suggests that Marine Lines is a high-value real estate market.
- Current Rate/Sq.ft: The average current rate for properties in Marine Lines is around ₹ 45,045 per sq.ft, which is higher than the average rate in many other localities in Mumbai.
- Price Movement: Despite the high demand for properties in Marine Lines, the average price has witnessed a slight dip of around ₹ 5,317 per sq.ft. This could be due to various factors, such as market fluctuations, economic conditions, etc.

Overall, Marine Lines is a premium real estate market with high demand and value. Its strategic location, excellent connectivity, and scenic surroundings make it an attractive choice for property buyers.

The Location Sales Trend for Marine Lines reveals an overall decline in the average rate per square foot over the next few quarters. The data shows that in Q1'22, the average rate per square foot was 50736, which dropped to 49281 in Q2'22 and further declined to 46957 in Q3'22. The trend is expected to continue in Q4'22 and Q1'23, with projected rates of 46954 and 45241, respectively.

Additionally, the data also reveals a decline in the number of transactions in Marine Lines. In Q1'22, there were 42 transactions, which dropped to 30 in Q2'22 and further declined to just 11 in Q3'22. The trend is expected to continue with only 3 transactions projected in Q4'22, followed by a slight increase to 12 transactions in Q1'23.

Overall, these trends suggest a decline in demand for properties in Marine Lines, which may be due to various factors such as economic slowdown, location-specific issues, or market saturation. As a result, potential buyers and investors may want to consider these trends before making any investment decisions in the area.