Buying a sea view home is an exciting experience for people who buy properties in Mumbai. The premium areas such as Worli, Malabar Hill, Bandra Bandstand, Juhu, Marine Drive and others offer luxury homes with ultra sea views. Such homes sell for an average rate between ₹70,000 and ₹2.5 lakh per sq ft. The prices of the homes in the prime areas in Mumbai are too expensive.
However, there are numerous affordable options for buyers looking to own sea facing homes in Mumbai. Improved infrastructure projects and connectivity initiatives are making these regions ideal for home buying and investments. Let us look into some of the best options for buyers interested in sea view homes in Mumbai.
Premium Sea View Areas
- Sewri-Wadala: With the development of the Mumbai Trans Harbour link commonly referred to as Atal Setu, these regions have become popular with buyers and investors. There are affordable properties that are selling at a rate of ₹35,000 to ₹45,000 per sq ft in these locations.
- Parel-Sewri: Buyers can purchase property with stunning views of Atal Setu and the port in Parel and Sewri regions.
- Andheri West: There are some areas in Andheri West where you can purchase houses with partial sea or sea views at rates of ₹40,000 and ₹45,000 per sq ft.These areas have good social infrastructure, commercial centers, schools, malls and good connectivity. They are some of the best choices for buyers looking for luxury homes.
Mid Range Sea View Locations
- Madh Island: Madh Island offers great sea views for buyers at relatively low costs as compared to the southern part of Mumbai. Home prices in this region are currently averaging between ₹25,000 and ₹35,000 per sq ft while duplex homes are selling for around ₹37,000 per sq ft. Improvements to be done in the Versova-Madh Island bridge as well as expansion of Mumbai Coastal Road will help boost the demand for home prices in the region.
Entry Level Affordable Sea View Locations
- Mira Road-Bhayandar: Affordable buyers have been flocking these two areas as a means to realize their dreams of owning a house that faces the sea. Property prices in these areas average between ₹15,000 and ₹20,000 per sq ft. Construction of Mumbai Coastal Road North will help to boost connectivity between Versova and Virar thus making these regions ideal for investors.
- Ulwe: Some of the best deals for sea/creek facing homes exist in Ulwe Navi Mumbai. You can find homes for sale in Ulwe from ₹10,000 to ₹18,000 per sq ft.
Though buying an apartment with sea view used to be affordable only for those who could afford luxury apartments in Mumbai, there are a number of micro-markets in MMR which are turning this idea into reality. Buyers can choose from different places in accordance with their affordability level. With major infrastructure projects improving connectivity and boosting property value, these locations are not only attractive for end-users but also offer strong long-term investment potential.
