Mumbai's Linking Road Transforms into Luxury Real Estate Hub with Soaring Land Prices

Real Estate

Updated on 03 Nov 2025, 09:13 am

Reviewed By

Aditi Singh | Whalesbook News Team

Short Description :

Mumbai's Linking Road, historically known for traffic and bargain shopping, is rapidly becoming one of the city's most expensive real estate areas. Land prices have surged to Rs 1 lakh per square foot, attracting top luxury brands and investors. Developers like Aspect Realty and JSW Realty are planning mixed-use developments, acquiring numerous properties. This transformation positions Linking Road as a rival to global luxury shopping streets.

Mumbai's Linking Road Transforms into Luxury Real Estate Hub with Soaring Land Prices

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Detailed Coverage :

Mumbai's Linking Road, stretching from Bandra to Santacruz, is undergoing a dramatic transformation from a bustling, sometimes chaotic, commercial street into a prime luxury real estate corridor. Land rates are now soaring to approximately Rs 1 lakh per square foot, drawing comparisons to international luxury destinations like London's Oxford Street and New York's Fifth Avenue. Top luxury brands are vying for retail spaces along this four-kilometre stretch.

Prominent figures are also investing heavily. Mohit Kamboj, founder of Aspect Realty, acquired a 14-flat society in Santacruz West for nearly Rs 170 crore, paying Rs 85,000 per square foot. Aspect Realty, in partnership with JSW Realty, is set to develop a mixed-use project comprising a mall, commercial spaces, and high-end residences on three acres of land acquired or negotiated across multiple societies, with total investments nearing Rs 1,600 crore.

The surge in property values is attributed to factors like a high floor space index (FSI), which allows for significant construction, and limited land availability in prime Mumbai locations. Retail rentals have also escalated to over Rs 800 per square foot, making it one of India's most costly high streets. Celebrities like John Abraham and Salman Khan have also acquired properties in the area.

Impact: This news significantly impacts the Indian real estate sector, particularly in metropolitan areas, and the luxury retail market. Developers and investors in prime urban locations can expect increased opportunities and potential for high returns. Property owners in or near such transforming corridors may see appreciation. Rating: 7/10.

Difficult Terms: Floor Space Index (FSI): FSI is a ratio that determines the maximum permissible built-up area for a given plot of land. A higher FSI allows developers to construct larger buildings. Mixed-use development: A type of urban development plan that blends residential, commercial, cultural, institutional, or entertainment uses, where said functions are physically and functionally integrated, and they provide pedestrian connections among the various components.