The proposal to install Chhatrapati Shivaji Maharaj’s statue and memorial in the Arabian sea started in 2011. Maharashtra government’s revised this proposal approved it by the ministry of environment and forests (MoEF) on the demand of the Maharashtra Coastal Zone Management Authority (MCZMA).
This project is currently costing Rs 400 crore and will be built on a 2.16 hectare rock, identified at 1.5 km away from the Raj bhawan and 4km from Nariman point. The statue will be about 300-feet high depicting Chhatrapati Shivaji mounted on a horse, like other statues of the warrior dotting the city.
This statue will be a major tourist attraction in the city. A museum is also being planned by the state government to explain the Maratha history. The plan also includes a mini theatre near the statue to screen short movies on the life of Shivaji Maharaj.