Mahindra Marina 64 Malad West Mumbai

About Mahindra Marina 64 Malad West Mumbai

Mahindra Marina 64 (also marketed as Mahindra Codename64) is a landmark residential development in Malad (West), Mumbai, marking the beginning of Mahindra Lifespaces' redevelopment journey in the city as part of a larger planned development . The project sits on Navy Nagar Road, Liberty Garden — a thoughtfully planned redevelopment of Navy Colony society in the Malad locality . Phase 1 features a G+18 storey high-rise tower with 2 and 3 BHK residences featuring spacious layouts, excellent cross-ventilation, abundant natural light, and expansive private decks . The project offers approximately 2.2 acres of landscaped recreational space and is designed as a net zero energy development with IGBC Gold pre-certification . What sets it apart from typical Malad West stock is the rare combination of a Mahindra Group brand, redevelopment land parcel and net-zero positioning.

Key Highlights

• Location: Operational Malad Metro Station just 500 metres away , with Link Road within a 1-minute drive.
• Configurations: 2 BHK, 2.5 BHK, 3 BHK and 4 BHK apartments , including Jodi flat options.
• Carpet areas: RERA carpet area range 756 - 1474 sqft — 758 sqft (2 BHK), 967 sqft (3 BHK), 1,474 sqft (4 BHK).
• Multi-phase development: Phase 1 (PR1181012500087), Phase 2 (PR1181012500523) and Phase 3 (PR1182022502265) all registered with MahaRERA .
• Possession: 31 December 2029 as per RERA filing for Phase 1.
• Sustainability: IGBC Gold pre-certified net-zero energy development with high-performance glass and 36% annual water savings.
• Pricing: Mahindra Marina 64 average price is ₹36 K/Sq.Ft. compared to Malad West at ₹30.1 K/Sq.Ft.
• Premium clubhouse: Half Olympic-sized swimming pool, expansive clubhouse with indoor gym, badminton court, community hall, aerial yoga and more.

Location Advantages

The project sits at Navy Nagar Road, Liberty Garden — one of Mumbai's most sought-after Western suburbs offering connectivity to Goregaon, Andheri and Bandra via Western Express Highway, SV Road and Link Road . Malad West Metro Station is 3 minutes away, Malad Railway Station 5 minutes, Goregaon Railway Station 10 minutes and Link Road just 1 minute . The Mumbai Metro Line 2A (operational) at Malad Metro Station is the single biggest connectivity upgrade for this micro-market in years.

Honest concerns: Malad West is known for severe peak-hour traffic on SV Road and Link Road, with bottlenecks near Inorbit and Infiniti Mall. Monsoon waterlogging at Malad Subway and parts of SV Road is a recurring issue. Being a redevelopment plot in a dense neighbourhood, expect construction-related dust and noise during the build-out, plus narrower internal access lanes than greenfield townships in Thane or Panvel.

What's Nearby — Schools, Hospitals, Malls

Distances verified against landmarks confirmed by the developer — Lifeline Hospital - 1.2 km, Ryan International School - 1.5 km, Infiniti Mall - 0.9 km, Inorbit Mall - 2 km, Goregaon Sports Club - 1 km, Mindspace Malad - 1.3 km .

Amenities

Mahindra Marina 64 is built around approximately 2.2 acres of landscaped recreational space with a 5-level podium clubhouse.

• Fitness & Sports: Half Olympic-size swimming pool, multipurpose court, indoor gym, badminton court, kickboxing & aerobics room, aerial yoga room, yoga zone , jogging/cycle track.
• Water: Half-Olympic main pool plus separate kids' splash pool, water-efficient low-flow fixtures, rainwater harvesting.
• Kids: Dedicated children's play area, sand pits, indoor games room, toddler zone within the clubhouse.
• Social: Amphitheatre, senior citizen nook, clubhouse, multipurpose hall , landscaped floral garden, dedicated pet park.
• Security: 24×7 manned security, CCTV surveillance across common areas, intercom system, panic button connected to ground-floor security, controlled visitor entry.
• Sustainability: 100% renewable energy procurement, IGBC Gold pre-certified architecture, organic waste converter, EV charging provision.

Price & Configuration

Market context: Mahindra Marina 64 average price is ₹36 K/Sq.Ft. compared to Malad West at ₹30.1 K/Sq.Ft. — roughly a 20% premium over the locality average, reflecting the Mahindra brand and the Liberty Garden micro-location. RERA price band on the portal is ₹2.2 Cr - 4.29 Cr across phases. Payment plans available are typically 10:80:10 construction-linked, with bank tie-ups across SBI, HDFC, ICICI and Axis.

Construction Progress

Phase 1 was launched on 23rd June 2025 as Mahindra's first redevelopment project in Mumbai. As of the most recent quarter, the project is in early construction stage — site mobilisation, demolition of the original Navy Colony structures and excavation/foundation works are underway. RERA possession date is 31 December 2029 . Phase 2 (PR1181012500523) and Phase 3 (PR1182022502265) are also registered with MahaRERA and will be launched and constructed in subsequent stages. No OC/CC yet — possession is roughly four years out, so buyers must factor in pre-EMI cost during construction.

Investment Analysis

• Price vs locality: Project trades at ~₹36,000/sqft vs Malad West average ₹30,100/sqft — a ~20% Mahindra premium.
• Appreciation: Malad West has historically delivered 6-8% annual capital appreciation over the last 3 years, accelerated by the Metro Line 2A becoming operational. Marina 64 should track this band, with potential for a launch-to-possession premium of 25-35% by late 2029 if delivery stays on schedule.
• Rental yield: Expect 2.6-3.2% gross rental yield — a 2 BHK at ₹2.61 Cr would rent at roughly ₹65,000-₹80,000/month given Malad West rents range from ₹19.9 K to ₹1.5 L across BHK types. Yields are modest by Indian standards but typical for premium Mumbai western suburbs.
• Resale demand: Mahindra Marina 64 already has 18 listings on marketplaces with median price of ₹36 K/Sq.Ft. — strong secondary-market interest even pre-construction.
• Competing projects in same budget (Malad/Goregaon): Oberoi Sky City Borivali (~₹32-35K/sqft), Kalpataru Vienta Kandivali (~₹28-32K/sqft), Adani Western Heights Andheri West (~₹38-42K/sqft). Mahindra Marina 64 sits mid-pack on price but offers redevelopment-grade central location and net-zero positioning.

Pros and Cons

Pros:

• Trusted developer: Mahindra Lifespaces is part of the Mahindra Group, started in 1994, with quality homes, townships and industrial spaces in cities like Mumbai, Pune, Chennai, Bengaluru and Delhi-NCR .
• Walkable Metro: Operational Malad Metro Station just 500 metres away — rare for new launches in established suburbs.
• Net-zero design: IGBC Gold pre-certification with net zero energy ambition — translates to lower long-term electricity and water bills.
• Established neighbourhood: Schools, hospitals, malls and IT hub already in place — no waiting for social infrastructure to develop.
• RERA clarity: All three phases registered with MahaRERA from launch — much better than typical pre-launch bookings.

Cons:

Who Should Buy This

Ideal for: End-user families working in Mindspace Malad, Andheri or BKC who value a 5-minute walk to Metro and an established school-hospital ecosystem. NRIs seeking a brand-name Mumbai apartment with RERA assurance and net-zero credentials. Long-term investors comfortable with a 4-year construction window and the Mahindra brand premium.

Not ideal for: Buyers seeking immediate possession or rental income — possession is end-2029. Investors chasing pure value/sqft — Goregaon East, Borivali East and Mira Road offer 25-35% cheaper entry. Large families needing 3-side-open layouts — this is a dense urban redevelopment, not a sprawling township.

FAQ — Frequently Asked Questions

Q: Is Mahindra Marina 64 Malad West Mumbai RERA registered?

A: Yes. Phase 1 RERA number is PR1181012500087, Phase 2 is PR1181012500523, and Phase 3 is PR1182022502265 — all registered on the MahaRERA portal.

Q: What is the possession date of Mahindra Marina 64?

A: As per RERA, the possession date of Mahindra Marina 64 is 31 December 2029 for Phase 1. Subsequent phases will follow staggered handover.

Q: What is the price range of flats at Mahindra Marina 64?

A: Pricing starts at ₹2.61 Cr* for 2 BHK, ₹3.33 Cr* for 3 BHK and ₹5.06 Cr* for 4 BHK . The RERA-registered band runs up to ₹4.29 Cr across configurations, with Jodi flats priced higher.

Q: Is Mahindra Lifespaces a reliable builder?

A: Yes. Founded in 1994, Mahindra Lifespaces is a prominent real estate company with footprint across MMR, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai and Bengaluru, and was one of the first Indian real estate companies to commit to the global Science Based Targets initiative . However, this is the company's first redevelopment project in Mumbai, so its execution track record specifically in redevelopment is yet to be established.

Q: Which is the nearest metro station to Mahindra Marina 64?

A: Malad Metro Station on Mumbai Metro Line 2A is just 500 metres from the project — roughly a 4-minute walk or 1-minute drive.

Q: Is Mahindra Marina 64 a good investment?

A: It's a steady long-term play rather than a quick flip. The project trades at a ~20% premium to Malad West's average rate, but Metro connectivity, IGBC Gold positioning and the Mahindra brand support healthy resale demand. Malad West is already stable so you're not betting on future growth alone — returns may not be very quick but it's more of a steady option .

Q: What configurations are available at Mahindra Marina 64?

A: 2 BHK, 2.5 BHK, 3 BHK and 4 BHK apartments with carpet areas ranging from 756 sqft (2 BHK) to 1,474 sqft (4 BHK), plus Jodi flat options that combine adjacent units.

Q: What sustainability features does Mahindra Marina 64 offer?

A: The project is designed as a net zero energy development and has already achieved IGBC Gold pre-certification , with high-performance glass, low-flow water fixtures saving ~36% water annually, and 100% renewable-sourced common-area energy.

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