A Rs 10 crore property transaction on Mumbai’s Madh Island has once again drawn attention to the fast-changing real estate profile of the city’s western coastal belt. Registration records reviewed by Urban Acres show that a 1,197 square metre land parcel with built structures in the locality changed hands earlier this month, underscoring the growing appetite for low-density, premium homes within reach of Mumbai’s urban core.
The asset includes a ground-plus-one structure with both residential and commercial components within a cooperative housing society. Publicly available documents indicate that the deal was registered in mid-February, with applicable stamp duty and registration charges paid as per Maharashtra norms. Market intermediaries familiar with the transaction confirmed the buyer is a senior member of a well-known musical family, though the acquisition has been executed in an individual capacity. Madh Island, located off Malad and connected to Versova in Andheri, has historically been perceived as a semi-rural coastal retreat dotted with bungalows and fishing villages. Over the past decade, however, improved connectivity has altered its real estate trajectory. The operational bridge linking Versova to Madh, along with the proposed Bandra–Versova Sea Link under the broader coastal road network, has strengthened investor confidence in the micro-market. Local brokers estimate current residential values in select pockets of Madh Island to be in the range of Rs 35,000-Rs 40,000 per square foot, nearly double levels seen a few years ago. Unlike high-rise dominated neighbourhoods such as Andheri West or Lokhandwala, Madh continues to offer stand-alone villas and plotted developments, appealing to buyers seeking privacy and larger land parcels.
Urban planners point out that such transactions reflect a broader shift in Mumbai’s luxury housing demand from vertical apartments to horizontally spread, low-rise assets with potential for redevelopment. However, they caution that the island’s fragile coastal ecology and limited civic infrastructure require careful management. Drainage, road capacity and coastal regulation compliance remain critical considerations as property values climb. In recent years, several members of the entertainment industry have either acquired or leased properties in and around Madh and Versova, reinforcing the locality’s aspirational appeal. Yet experts stress that celebrity-linked deals are often indicative rather than transformative; long-term sustainability of the market will depend on infrastructure execution, environmental safeguards and balanced development controls. For Mumbai, where land scarcity drives constant densification, the renewed focus on Madh Island presents both opportunity and responsibility. The area’s evolution could provide a model for preserving low-rise, community-oriented neighbourhoods within metropolitan limits provided regulatory oversight keeps pace with speculative interest.
As connectivity projects advance and premium transactions continue, Madh Island’s property market appears poised for further consolidation though its future will hinge on aligning luxury demand with climate resilience and equitable urban planning.
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