Bandra Bay Set To Become Mumbai’s Rs 1 Trillion Waterfront Hub

23 Oct 2025 CW Team

Spanning 140 acres, the master-planned waterfront development will feature nearly 8 million sq ft of premium real estate. About 11 leading developers — including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group — are already involved, with more expected to join the project through mixed-use developments.

The report identifies nine key growth drivers for Bandra Bay’s ascent, including strategic location, exclusivity, sea-facing design, global appeal, sustainability-led planning, and luxury amenities. Mumbai’s existing waterfront homes command a 15–20 per cent price premium, and Bandra Bay, with its limited inventory and elite positioning, is projected to outperform the city’s overall luxury housing market.

Luxury home sales in the area have already surpassed those in Juhu and Worli. BKC recorded a compound annual growth rate (CAGR) of 3.6 per cent, higher than Mumbai’s average of 2.2 per cent. Bandra Bay is expected to command prices of around Rs 120,000 per sq ft, with strong prospects for further appreciation.

The report attributes this momentum to infrastructure investments worth over Rs 2.63 trillion since 2002, spanning 649 km of transport projects, including the Coastal Road, Bandra–Worli Sea Link, Atal Setu Bridge, Metro Yellow and Aqua Lines, Western and Eastern Expressways, Mumbai International Airport, and the Bullet Train corridor.

Dr Niranjan Hiranandani, Chairperson of Hiranandani Group, noted, “Bandra Bay’s proximity to the Sea Link, Coastal Road, and BKC makes it one of the most strategically placed destinations in the country.”

The report adds that BKC’s office segment is set to expand by 7 million sq ft over the next five years, creating a shortage of luxury homes near workplaces. By 2030, an estimated 8,000 CXOs will require premium residences in the vicinity, fuelling demand and price escalation.

Sanjeev Jaiswal, Vice President and CEO of MHADA, said, “Planned under a cluster development framework, Bandra Bay is not just a real estate initiative — it’s a sustainable, world-class township. The upcoming tunnel to the Bullet Train station and direct waterway links will further enhance its connectivity.”

Mumbai is set to emerge as India’s ‘waterfront capital’ with the upcoming Bandra Bay project near Bandra–Kurla Complex (BKC), which offers Rs 1 trillion in development potential through ultra-luxury residential and retail projects, according to a report by Lighthouse Luxury and CRE Matrix. Spanning 140 acres, the master-planned waterfront development will feature nearly 8 million sq ft of premium real estate. About 11 leading developers — including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group — are already involved, with more expected to join the project through mixed-use developments. The report identifies nine key growth drivers for Bandra Bay’s ascent, including strategic location, exclusivity, sea-facing design, global appeal, sustainability-led planning, and luxury amenities. Mumbai’s existing waterfront homes command a 15–20 per cent price premium, and Bandra Bay, with its limited inventory and elite positioning, is projected to outperform the city’s overall luxury housing market. Luxury home sales in the area have already surpassed those in Juhu and Worli. BKC recorded a compound annual growth rate (CAGR) of 3.6 per cent, higher than Mumbai’s average of 2.2 per cent. Bandra Bay is expected to command prices of around Rs 120,000 per sq ft, with strong prospects for further appreciation. The report attributes this momentum to infrastructure investments worth over Rs 2.63 trillion since 2002, spanning 649 km of transport projects, including the Coastal Road, Bandra–Worli Sea Link, Atal Setu Bridge, Metro Yellow and Aqua Lines, Western and Eastern Expressways, Mumbai International Airport, and the Bullet Train corridor. Dr Niranjan Hiranandani, Chairperson of Hiranandani Group, noted, “Bandra Bay’s proximity to the Sea Link, Coastal Road, and BKC makes it one of the most strategically placed destinations in the country.” The report adds that BKC’s office segment is set to expand by 7 million sq ft over the next five years, creating a shortage of luxury homes near workplaces. By 2030, an estimated 8,000 CXOs will require premium residences in the vicinity, fuelling demand and price escalation. Sanjeev Jaiswal, Vice President and CEO of MHADA, said, “Planned under a cluster development framework, Bandra Bay is not just a real estate initiative — it’s a sustainable, world-class township. The upcoming tunnel to the Bullet Train station and direct waterway links will further enhance its connectivity.”

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..