Situated on a ridge in South Mumbai, it is now officially called Mahadev Laxman Dahanukar Marg.

[2] The street and surrounding neighbourhood is and has been home to Mumbai's rich and famous such as the Modys, the Commissariats, the Dahanukars, the Somaiyas, the Lalbhais, the Walchands and the Morarjees.

The street is likely named for David Fremantle Carmichael, former member of the Madras Legislative Council and British Indian Civil servant.

[3] The road is a declared heritage precinct, and falls within the Coastal Regulation Zone-2 and had a height restriction of 75 to 80 m; that is buildings can be a maximum of 25 storeys.

[7] Some of the notable residents have been Dr. Manmohan Singh, former Prime Minister of India, when he was the Governor of Reserve Bank of India, Ashok Kumar Jain, Chairman, Bennet & Colemann, The Times of India group,[8] Andrew Geddis, industrialist, Kumar Mangalam Birla, Chairman Aditya Birla Group,[9] Ratan Tata chairman Tata Group,[9] J.R.D.