Luxury Residential Project Planned Near Marine Lines
Dhuleva Group has secured development rights for a two-acre land parcel near Marine Lines in South Mumbai. The company plans to develop a luxury residential project on the site with an estimated gross development value (GDV) of around ₹1,000 crore.
The project is expected to have approximately 1 million sq ft of development potential. It will comprise free-sale and rehabilitation components, with the rehabilitation component providing housing for more than 270 existing residents.
Construction Expected to Begin in 2027
Dhuleva Group has secured the consent of the existing residents for the redevelopment. The company is currently seeking the required approvals from government authorities.
Construction is expected to begin in the first quarter of 2027, subject to the necessary approvals. The developer expects the project to be completed within four years from the commencement of construction.
Redevelopment Under DCPR 2034
The project will be developed under Regulation 33(9) of Mumbai’s Development Control and Promotion Regulations (DCPR) 2034.
The proposed development will include rehabilitation housing for existing residents along with a free-sale component.
