Marine Lines · 09 Nov 2026
Ocean Drive: ₹34,144 a sq ft launch against ₹54,313 resale in Marine Lines
The launch is priced 37% under resale in Marine Lines; 2,397 new homes are due there by 2031; 2 people asked us for a home there in 90 days.
Developer imageAtul Projects India Pvt. Ltd in Marine Lines
Ocean Drive is under construction, with possession Dec 2027. It is one of 6 new projects on our books in Marine Lines, where launches ask a median ₹60,465 a sq ft.
Time to pay in stages
An under-construction home is paid for against construction milestones, so most of the money goes in later.
Priced 37% under resale
The launch rate is below the suburb's resale median. Check what the gap is about: location within the suburb, size, or timing.
The story
Ocean Drive is Atul Projects India Pvt. Ltd's project in Marine Lines, on our books at an indicative ₹34,144 a sq ft of carpet. Flats already standing in Marine Lines ask a median ₹54,313 a sq ft, across 16 resale listings with us in the last four months.
So the launch is priced below resale in the suburb. That can reflect the micro-location, the size of the homes, or an early-launch price.
Supply: how many homes are coming to Marine Lines
MahaRERA filings show 2,397 new homes in Marine Lines due for possession by 2031, across 11 registered projects. The peak year is 2027, with 1,021 homes.
Source: MahaRERA project filings, latest declared possession date, Marine Lines. Read 09 Nov 2026.
Demand: who is asking
In the last 90 days, 2 people came to Mumbai Property Exchange looking for a home in Marine Lines. 1 of them want to buy, and 0 want 3 BHK or larger. Set against 2,397 homes due over the coming years, that is the demand one firm sees; the market as a whole is larger.
Where it sits among Marine Lines launches
| Project | Developer | ₹ / sq ft* | Possession |
|---|---|---|---|
| South Bay | The Vibrant Group | 60,930 | Dec 2026 |
| Ajmera Downtown | Ajmera Cityscapes | 60,000 | Dec 2027 |
| Sejal Aquarius | Sejal Developers | 41,856 | Dec 2026 |
| Ocean Drive | Atul Projects India Pvt. Ltd | 34,144 | Dec 2027 |
| Resale median | — | 54,313 | Ready |
*Indicative rates on Mumbai Property Exchange, may change 5–10%. Plus GST, stamp duty and registration.
Getting there
- Coastal Road (Phase 1): 0.2 km away · Opened 2024
- Line 3 Aqua: 1.4 km away · Opened 2025
- Line 11 Green: 1.4 km away · Approved
Straight-line distance from the project's map point.
Ocean Drive, as the developer shows it
These images come from Atul Projects India Pvt. Ltd. Our own photos and films from the site will replace them after our visit.
Every launch has a brochure. We read the market around it.
The Real Launch Story is Sandeep Sadh's record of Mumbai's new launches. Each story sets the launch price against flats already for sale in the suburb, counts the homes MahaRERA says are coming, shows who is asking us for homes there and what they rent for. It is kept apart from our listings, and it is updated as the numbers move.
Resale, rents, demand, the MahaRERA pipeline and infrastructure, read from our data.
Our team walks the site, the sample flat and the street, and films on a phone.
Photos and films go up from the myipl app, dated and tagged to the project.
Sandeep adds his own take. The quoted take appears only when he has written it.
The story and its films go to WhatsApp, Instagram, LinkedIn and our press list.
- The MahaRERA registration of the exact phase and tower you buy in.
- The carpet area on the cost sheet against the MahaRERA filing.
- Whether the price is all-in or plus GST, stamp duty, registration and floor rise.
- The possession date written in the agreement, not only the brochure.
- How much is due before the agreement is registered.
- Whether any offer has a written end date.
Send it to someone looking in Marine Lines
Figures as read on 09 Nov 2026. Our launch rates are indicative and may change 5–10%. Resale rates and rents are medians of asking figures on Mumbai Property Exchange, not registered transactions. Confirm every figure with the developer and on MahaRERA before deciding. This is not an advertisement by the developer.
Talk to Sandeep
Journalists, investors and NRIs can reach Sandeep Sadh about this story or Mumbai's launch market. The data behind every chart is available on request.
