Mumbai’s ₹887 Crore Marina Project to Unlock Coastal Blue Economy Potential
Mumbai’s growth has long relied on its natural harbour and global trade links. Now, Maharashtra’s government is turning to the coastal blue economy to shape the city’s and region’s next phase of development. A key part of this plan is the ₹887 crore Mumbai Marina Project, set to transform the waterfront into a thriving hub.
The Mumbai Marina will cover nearly 12 hectares and provide space for over 400 yachts. Designed to attract international yacht traffic and cruise tourism, it marks a major shift in how the city uses its coastline. For years, Mumbai’s shoreline has remained underdeveloped, despite its potential to boost the local economy.
The coastal blue economy is expected to create a ripple effect, driving growth in multiple sectors and generating jobs. Nearby, Alibaug is already gaining traction as a sought-after coastal destination, with rising interest in luxury waterfront homes and tourism-driven real estate. Meanwhile, Bandra Bay is becoming a high-end waterfront location, blending premium living with easy access and modern amenities. Maharashtra is also upgrading coastal transport, introducing jetties, water taxis, RoRo ferries, and speedboats. These improvements aim to change how people commute and how tourists explore the region. Public-private partnerships are playing a crucial role, ensuring waterfronts stay open to the public while supporting wider urban renewal. Leading the effort is the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO), the state’s main planning agency. CIDCO is driving the development of near-shore blue economy projects, working to turn Mumbai’s coast and nearby towns into dynamic centres for maritime infrastructure, tourism, and exclusive real estate.
The Mumbai Marina and broader coastal blue economy initiatives are set to redefine the city’s relationship with its shoreline. With better transport, luxury developments, and increased tourism, the region aims to unlock new economic opportunities. The focus now is on balancing growth with accessibility, ensuring the benefits reach both residents and visitors.
