MICL Godrej Marine Lines

About MICL Godrej Marine Lines

MICL Godrej Marine Lines is an upcoming sea-facing residential project on a site of about 2.5 acres in Marine Lines, South Mumbai. Man Infraconstruction Limited (MICL Group) conceived it, and Godrej Properties has since come in as development partner. The project is planned for 3, 4 and 5 BHK homes, with the 4 and 5 BHK configurations listed from ₹27.19 Cr. Facts as on 28 September 2026, from the developer.

The land has a particular significance. Marine Lines sits along the old seafront of the city, where the Arabian Sea meets some of the most established addresses in South Mumbai. The developer describes the tower as set to become the tallest residential development in the area, exceeding 900 feet, which would make it a striking addition to a skyline that has changed slowly for decades. The project is also a reminder of how much the locality's fortunes now depend on the Coastal Road, the artery that has reshaped the western edge of the peninsula since 2024.

Key Highlights

• Site size: approximately 2.5 acres in Marine Lines, South Mumbai.
• Height: the developer targets a building exceeding 900 feet, which it calls the tallest residential development in the area.
• Configurations: 3, 4 and 5 BHK sea-facing homes, with the 4 BHK offering 3,400 sq ft of RERA carpet area and the 5 BHK offering 5,100 sq ft.
• Starting price: 4 and 5 BHK homes start from ₹27.19 Cr, according to the developer's listing.
• Scale: about 22 lakh sq ft of total construction area, with roughly 5.3 lakh sq ft of RERA carpet area offered for sale, as reported in 2024 background material.
• Value of the project: the developer estimates revenue potential of more than ₹6,000 crore.
• Leisure: two swimming pools, one for children and one for adults, alongside a clubhouse and gym.
• Access: the Coastal Road stretch from Marine Lines to Worli opened on 11 March 2024, and the project is positioned for Atal Setu corridor access.

Location Advantages

Marine Lines is one of the oldest residential and heritage pockets of South Mumbai, and its appeal rests on proximity to the sea, the open promenade and the city's southern business corridors. The locality has changed considerably since the Coastal Road opened. The South section of that road runs for 10.58 km, from the Princess Street Flyover near Marine Lines to the Worli end of the Bandra–Worli Sea Link, and it has cut journey times between the old south and the western suburbs in a way that few older localities have enjoyed.

The trade-off is that the wider network is still being built. Phase 2 of the Coastal Road, which will carry the route from Worli to Kandivali over about 18.6 km, is under construction with a target completion around 2027. Buyers should expect some construction activity around the corridor in the years before the tower is delivered, and the benefits of the full network will arrive gradually rather than all at once.

Location Map — available on request

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What's Nearby on the Transit Map

The nearest rail and metro hubs are Churchgate, CSMT and Cuffe Parade, the last being the southern terminus of Metro Line 3, the Aqua Line. That 33.5 km corridor runs from Cuffe Parade to Aarey JVLR and has had all 27 of its stations open since October 2025. The line passes Churchgate and Fort, CSMT, Kalbadevi and Girgaon, which means residents can switch to the Western, Central and Harbour lines without leaving the underground network.

• Cuffe Parade metro station: the southern terminus of the Aqua Line, serving the Colaba belt.
• Churchgate metro station: an interchange with the Western line.
• CSMT metro station: an interchange with the Central and Harbour lines.
• Airport access: the journey from the airport to Cuffe Parade takes about 45 minutes.
• Road access: Coastal Road Phase 1 from Marine Lines to Worli, with Atal Setu corridor access as reported for the project.

For schools, hospitals and malls, South Mumbai offers the established institutions of the Churchgate, Fort and Colaba belts, and buyers who want distances mapped to a particular school or hospital should check them on a map against their own daily routes before deciding.

Amenities

The amenity package, as the developer lists it, is built around the sea-facing lifestyle the project is selling. The two swimming pools, one for children and one for adults, are the headline feature, and the listing adds a clubhouse, a gym, landscaped gardens, a children's play area and 24/7 security. Given the scale of the tower, the clubhouse and podium spaces will be the places where the building's social life takes shape, and buyers should ask to see the detailed layout before committing.

Upcoming Infrastructure

• Mumbai Coastal Road Phase 2: the Worli to Kandivali stretch of about 18.6 km is under construction, with completion targeted around 2027. It will extend the corridor's reach well beyond the present Marine Lines to Worli link.
• Bandra–Versova Sea Link: under construction, with completion targeted for May 2028, which would add another seaward crossing for residents heading north.
• Versova–Bhayandar Coastal Road: under construction, targeted for around the end of 2028, extending the coastal network further into the northern suburbs.

Together these works change the locality's position in the city. A home at the southern tip of the peninsula will, once the network is complete, be linked to the western and northern suburbs by a continuous seafront route, which is the single most important reason that buyers are paying South Mumbai prices for sea-facing space.

Price & Configuration

The developer's listing quotes the 4 and 5 BHK homes from ₹27.19 Cr. The 4 BHK carries 3,400 sq ft of RERA carpet area and the 5 BHK 5,100 sq ft. The 3 BHK configuration is part of the sea-facing range, but the developer's materials do not give its size, so buyers should ask for it directly. Taxes and other charges are payable on top of the base price.

The starting figure is the developer's own listing, and it applies to the 4 and 5 BHK band as a whole. Facts as on 28 September 2026, from the developer. Buyers can instead compare the figure with the locality, where resale asking prices stood at about ₹62,000 per sq ft of carpet area as of 17 October 2026, and where resale 3 BHK homes were offered between ₹7.40 Cr and ₹11.95 Cr. A new sea-facing tower in the ₹27 Cr bracket is therefore positioned at the top of the locality's market.

Master / Floor Plan — available on request

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Payment Plan

The developer's microsite advertises a flexible payment plan, and the listing sets the structure out in broad terms. Ten per cent of the price is payable at booking, with the balance linked to construction stages. The developer has also referred to launch benefits and special discounts, though the details of these offers are set out only in the sales documents. Because the project is still before construction, buyers should read the stage-wise schedule in the agreement closely, since the timing of each instalment will depend on the progress of the tower.

Launch & Possession Timeline

• 2024: MICL announced the acquisition of a sea-facing project near Marine Lines, with delivery planned within five years of launch.
• 28 September 2026: MICL announced its collaboration with Godrej Properties, and the development rights jointly held with Shreepati Group were transferred to Godrej.
• FY 2026-27: the company says the project launches in the current financial year.
• Possession: the company's 2024 statement points to delivery within five years of launch, and the listing expects possession by 2030.
• Current stage: pre-construction, with no construction start reported.

Investment Analysis

• Entry point: the 4 and 5 BHK starting price of ₹27.19 Cr sits well above the locality's resale average of about ₹62,000 per sq ft of carpet area as of 17 October 2026, which reflects the premium of a new, sea-facing, branded tower.
• Rental yield: gross rental yield on sea-facing apartments in the locality runs at 2.8 to 3.4 per cent a year, as of May 2026. That is modest against the capital outlay, so the case for these homes rests more on capital value than on rent.
• Appreciation: studies of the Coastal Road's impact put property price appreciation at roughly 5 to 15 per cent since the project began, though the range is wide and depends on the micro-location.
• Demand drivers: the Coastal Road and the redevelopment of older cooperative buildings across the locality are the two forces most likely to sustain demand.
• Comparable project in the same developer's portfolio: Aaradhya Avaan in Tardeo offers 3, 4 and 5 BHK apartments of 1,300 to 3,200 sq ft, priced between ₹10.97 Cr and ₹27 Cr, which gives buyers a useful reference point within the MICL range.
• Local resale context: resale 2 BHK homes were offered between ₹6 Cr and ₹9.25 Cr, and resale 3 BHK homes between ₹7.40 Cr and ₹11.95 Cr, as of 17 October 2026.

Pros and Cons

Pros

• A sea-facing location in one of South Mumbai's most prized addresses, with views of the Arabian Sea.
• Large homes, with 4 BHK at 3,400 sq ft and 5 BHK at 5,100 sq ft of carpet area.
• Strong connectivity through the Coastal Road, the Aqua Line and the Churchgate, CSMT and Cuffe Parade transit points.
• A developer with a long record, founded in 1964, and a listed balance sheet on the NSE.
• Built-in appeal for families seeking scale and privacy in a city where space is scarce.

Cons

• The price is a considerable premium over the locality's resale average, and the entry ticket for the 4 and 5 BHK is high.
• Rental yields of 2.8 to 3.4 per cent are modest, so the investment case depends heavily on appreciation.
• The project is still at the pre-construction stage, and a five-year delivery horizon means a long wait before possession.
• The wider Coastal Road network is still being completed, so some of the connectivity gains are a few years away.
• The project has changed hands in its development arrangement, which adds a layer of corporate transition for buyers to understand.

Who Should Buy This

Ideal for: affluent end-user families who want large, sea-facing homes in South Mumbai and can plan for a multi-year wait; long-term investors who value capital appreciation over rent; and NRI buyers seeking a trophy address with a recognised developer name.

Not ideal for: buyers who need possession within two to three years or who rely on rental income to service a loan.

Home Loans & Charges

Buyers should factor these statutory costs into the budget from the outset, since on a price of this size the stamp duty alone represents a significant sum.

About the Developer

MICL Group, through Man Infraconstruction Limited, was founded in 1964 and is headquartered in Mumbai. The company is listed on the NSE, with a market capitalisation of about ₹5,237 crore at the time of the 28 September 2026 announcement. It has delivered 2.8 million sq ft of carpet area to date and has about 3.8 million sq ft of residential work ongoing. Its Mumbai projects include Aaradhya One in Vikhroli, completed in July 2022, Aaradhya Evoq in Juhu, delivered in September 2025 within about two and a half years of launch, and Atmosphere O2 in Mulund West, where the occupancy certificate for the F-wing came about three and a half years after launch. The developer says it has delivered all 19 of its projects ahead of time.

FAQ — Frequently Asked Questions

Q: What is the price of MICL Godrej Marine Lines?

A: The developer's listing starts 4 and 5 BHK homes from ₹27.19 Cr, with taxes and other charges payable on top of the base price.

Q: Where is MICL Godrej Marine Lines located?

A: The project sits on about 2.5 acres in Marine Lines, South Mumbai, close to the Coastal Road and the Churchgate, CSMT and Cuffe Parade transit points.

Q: Who is building MICL Godrej Marine Lines?

A: The project was conceived by MICL Group, and Godrej Properties has come in as development partner following the 28 September 2026 transfer of development rights.

Q: What configurations does MICL Godrej Marine Lines offer?

A: The project offers 3, 4 and 5 BHK sea-facing homes, with the 4 BHK at 3,400 sq ft and the 5 BHK at 5,100 sq ft of carpet area.

Q: Is Marine Lines a good place to invest in property?

A: Marine Lines is an established South Mumbai market where investment is mainly about holding value, with resale 3 BHK homes offered between ₹7.40 Cr and ₹11.95 Cr as of 17 October 2026 and rental yields of 2.8 to 3.4 per cent a year.

Q: When will MICL Godrej Marine Lines be ready?

A: The company's 2024 statement points to delivery within five years of launch, and the listing expects possession by 2030.

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