- Skyline boom – INR 75,000/sq. ft.; 4,600 housing supply reshapes luxury segment
MUMBAI,Mar 13 (The CONNECT)- Worli, a historic precinct in South Central Mumbai, has transformed into one of the city’s most sought-after luxury residential and commercial hubs. A new report by ANAROCK studies this markets’ continuous growth as a prime destination for high-net-worth individuals (HNIs) and multinational corporations on the back of its seamless connectivity, high-end developments, and continuous infrastructure advancements.
Anuj Puri, Chairman – ANAROCK Group, says, “Originally an industrial stronghold, Worli housed numerous textile mills and working-class chawls. However, the closure of these mills in the 1990s and 2000s spurred large-scale redevelopment, paving the way for premium residential towers and commercial spaces. The construction of the Bandra-Worli Sea Link further solidified its reputation as a premier address, making the area attractive to corporate professionals and wealthy homebuyers.”
“Today, Worli is characterized by towering skyscrapers offering panoramic sea views, premium amenities, and some of the highest real estate prices in Mumbai, adds Puri. “With ongoing infrastructure projects like the Mumbai Coastal Road and Metro Line-3, its desirability is only set to rise further.”
Strategic Location
Worli’s central location allows seamless access to key business districts such as Bandra-Kurla Complex (BKC), Lower Parel, and Nariman Point. The area’s connectivity is reinforced by major infrastructure projects, including:
- Bandra-Worli Sea Link – Reducing travel time to Western suburbs.
- Mumbai Coastal Road – Enhancing North-South connectivity.
- Mumbai Metro Line-3 (Colaba-Bandra-SEEPZ) – Improving public transit access.
- Eastern and Western Express Highways – Offering arterial routes to different parts of the city.
These developments have made Worli a preferred residential choice for executives and investors looking for high appreciation value.
Worli’s real estate market is dominated by ultra-luxury residences with high-end amenities and breathtaking views of the Arabian Sea. Some key statistics highlight its prominence:
- Total Supply (till 2024): 4,600 units
- Average Price per Sq. Ft.: INR 75,000
- Dominant Price Range: INR 6 Cr – INR 12 Cr (52% of inventory)
- Price Appreciation (2022-2024): 30%
- Ultra Luxury Transactions (2023 – 2024): 30 deals above INR 40 Cr, worth INR 4862 Cr
Luxury projects such as Lodha The World Towers, Birla Niyaara, Oberoi Three Sixty West, and Raheja Imperia define Worli’s skyline, attracting celebrities, business tycoons, and NRIs. The market is also witnessing significant redevelopment of aging properties, ensuring a continuous pipeline of high-end residences.
Worli’s commercial real estate sector has grown steadily, with Grade A office spaces catering to global corporations, financial institutions, and startups. Key statistics include:
- Upcoming Supply (2025-2026): 2.98 million sq. ft.
- Average Rental Value: INR 170-280 per sq. ft./month
- Price Appreciation (2018-2024): 18%
Landmark commercial projects such as One Lodha Place, Lodha Supremus, and Altimus have made Worli a preferred business destination. The presence of premium residences and lifestyle hubs further enhances its appeal for professionals.
Growth and Investment Potential
With major infrastructure projects nearing completion, Worli’s real estate market is poised for continued growth. Key drivers include:
- Continued Infrastructure Investments: Mumbai Coastal Road and Metro Line-3 will further boost accessibility.
- Luxury Redevelopment Projects: Older buildings are being replaced with modern high-rises.
- Corporate and Commercial Expansion: Demand for premium office spaces continues to rise.
- Rising Investment Value: Consistently high property appreciation makes Worli an attractive choice for investors.
Despite challenges such as high property prices, traffic congestion, and limited land availability, Worli remains one of Mumbai’s most prestigious and resilient real estate markets. For investors and homebuyers seeking exclusivity, connectivity, and long-term value, Worli stands unmatched as a premier destination in South Central Mumbai.
