Bandra Bay to Drive Rs 1 Lakh Crore Luxury Development in Mumbai

16 Oct 2025 CW Team

Described as India’s answer to Palm Jumeirah and Marina Bay, ‘Bandra Bay’ is set to transform 140 acres along Bandra Reclamation into an integrated luxury destination. The report highlights nine growth drivers for the development — including its strategic location, architectural distinction, exclusivity, global appeal, and sustainable design.

According to the analysis, Mumbai’s waterfront properties command a 15–20 per cent price premium, with Bandra Bay expected to outperform other luxury hubs such as Juhu and Worli. The region has witnessed infrastructure investments exceeding Rs 2.62 trillion since 2002, encompassing 649 km of transport networks including the Coastal Road, Sea Link, Metro lines, Atal Setu Bridge, and the upcoming Bullet Train.

Developers including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group are already planning large-scale mixed-use projects in the area. The report forecasts that about 8,000 CXOs will seek luxury residences by 2030, driving further demand for premium housing near Bandra–Kurla Complex.

Shri Ashish Shelar said the initiative would “redefine Mumbai’s urban narrative” and position the Bandra–Kurla catchment as a world-class township integrating infrastructure, culture, and innovation. Dr Niranjan Hiranandani described Bandra Bay as “Mumbai’s next icon for premium living,” while Lighthouse Proptech’s Founder Sumesh Mishra noted, “Bandra Bay is not just a location — it is a movement.”

With its strategic location, infrastructure connectivity, and lifestyle appeal, Bandra Bay is expected to cement Mumbai’s position as the ‘Waterfront Capital’ of India and one of the world’s leading urban luxury destinations.

A new report unveiled by Lighthouse Luxury and CRE Matrix projects the ‘Bandra Bay’ waterfront as Mumbai’s next ultra-luxury development hub, with an estimated potential of over Rs 1 Lakh crore and nearly 8 million sq. ft. of premium residential and retail projects. The report, titled ‘Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment,’ was launched by Shri Ashish Shelar, Minister for Information Technology and Cultural Affairs, Government of Maharashtra. Described as India’s answer to Palm Jumeirah and Marina Bay, ‘Bandra Bay’ is set to transform 140 acres along Bandra Reclamation into an integrated luxury destination. The report highlights nine growth drivers for the development — including its strategic location, architectural distinction, exclusivity, global appeal, and sustainable design. According to the analysis, Mumbai’s waterfront properties command a 15–20 per cent price premium, with Bandra Bay expected to outperform other luxury hubs such as Juhu and Worli. The region has witnessed infrastructure investments exceeding Rs 2.62 trillion since 2002, encompassing 649 km of transport networks including the Coastal Road, Sea Link, Metro lines, Atal Setu Bridge, and the upcoming Bullet Train. Developers including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group are already planning large-scale mixed-use projects in the area. The report forecasts that about 8,000 CXOs will seek luxury residences by 2030, driving further demand for premium housing near Bandra–Kurla Complex. Shri Ashish Shelar said the initiative would “redefine Mumbai’s urban narrative” and position the Bandra–Kurla catchment as a world-class township integrating infrastructure, culture, and innovation. Dr Niranjan Hiranandani described Bandra Bay as “Mumbai’s next icon for premium living,” while Lighthouse Proptech’s Founder Sumesh Mishra noted, “Bandra Bay is not just a location — it is a movement.” With its strategic location, infrastructure connectivity, and lifestyle appeal, Bandra Bay is expected to cement Mumbai’s position as the ‘Waterfront Capital’ of India and one of the world’s leading urban luxury destinations.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..