The area is notable for housing some of the highest real estate prices in the country.

The locality consists of glamorous bungalows of old money business families, low rise Art Deco apartment buildings and modern high rises, alongside some of the city's most notable skyscrapers, including the most expensive private residence in the world; the Antilia, valued in 2023 at roughly US$4.6 billion.

[5][6] Also, it is home to Lodha Altamount which created history in November 2015 by selling the most expensive apartment in the country.

[7] The road was officially renamed "S. K. Barodawalla Marg" in the 1990s, but residents, the city's taxi-drivers, and others continue to refer to it by its former name.

The residential bungalow of the Bombay Port Trust was originally made by George Wittet, who also designed the Gateway of India and The Grand Hotel at Ballard Estate.