India, Jan. 7 -- Although the Bandra-Versova Sea Link (BVSL) is nearly two years from completion, Mumbai's real estate market is already seeing heightened activity along the corridor. Localities such as Bandra, Juhu, Versova, and Madh Island are witnessing a surge in new project launches, as well as the redevelopment of older buildings, driven by the under-construction infrastructure that forms part of the Mumbai Coastal Road Project (MCRP).

According to a Hindustan Times report, construction of the Versova-Bandra Sea Link (VBSL), part of Phase II of the Mumbai Coastal Road, has reached its farthest point from the shoreline, about 900 metres into the Arabian Sea between Bandra and Juhu.

The proposed Mumbai Coastal Road (North) will span...