Bandra Bay to see Rs 1 trillion luxury realty boom
Real Estate

Bandra Bay to see Rs 1 trillion luxury realty boom

Mumbai’s Bandra Bay is set to transform into a luxury housing and retail hub, with projects worth over Rs 1 trillion (Rs 1 lakh crore) planned in the coming years as developers look to capitalise on rising demand for waterfront properties, according to a report.

A joint report by Lighthouse Luxury and data analytics firm CRE Matrix, titled ‘Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment’, revealed that nearly 8 million sq ft of premium residential and retail projects are in the pipeline for the Bandra Bay area.

Mumbai’s New ‘Waterfront Capital’

The report highlights that Mumbai is poised to become India’s ‘Waterfront Capital’, with a new belt taking shape alongside the Bandra-Kurla Complex (BKC) — a thriving business and luxury residential hub.

It noted that Bandra Bay has a development potential exceeding Rs 1 trillion, with several ultra-luxury projects planned along the waterfront.

Global Benchmark for Luxury Real Estate

Describing Bandra Bay as Mumbai’s most ambitious luxury waterfront redevelopment, the report compared the area’s potential with Dubai Marina, Palm Jumeirah, and Singapore’s Marina Bay. It added that investors have a chance to own a slice of India’s most coveted real estate.

Leading Developers on Board

Around 11 developers, including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group, are already developing projects in the region, with more firms expected to launch mixed-use developments soon.

‘India’s Most Desired Address’

Sumesh Mishra, Founder of Lighthouse Proptech, said Bandra Bay will become the most sought-after address in India, attracting ultra-high-net-worth individuals (UHNI), NRIs, and global investors seeking an iconic waterfront lifestyle.

Abhishek Kiran Gupta, CEO of CRE Matrix, added, “Our data shows that Bandra Bay will emerge as Mumbai’s most valuable waterfront asset. Limited curated supply, elite demand, and unparalleled infrastructure synergy will drive sustained capital appreciation.”

Mumbai’s Bandra Bay is set to transform into a luxury housing and retail hub, with projects worth over Rs 1 trillion (Rs 1 lakh crore) planned in the coming years as developers look to capitalise on rising demand for waterfront properties, according to a report. A joint report by Lighthouse Luxury and data analytics firm CRE Matrix, titled ‘Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment’, revealed that nearly 8 million sq ft of premium residential and retail projects are in the pipeline for the Bandra Bay area. Mumbai’s New ‘Waterfront Capital’ The report highlights that Mumbai is poised to become India’s ‘Waterfront Capital’, with a new belt taking shape alongside the Bandra-Kurla Complex (BKC) — a thriving business and luxury residential hub. It noted that Bandra Bay has a development potential exceeding Rs 1 trillion, with several ultra-luxury projects planned along the waterfront. Global Benchmark for Luxury Real Estate Describing Bandra Bay as Mumbai’s most ambitious luxury waterfront redevelopment, the report compared the area’s potential with Dubai Marina, Palm Jumeirah, and Singapore’s Marina Bay. It added that investors have a chance to own a slice of India’s most coveted real estate. Leading Developers on Board Around 11 developers, including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group, are already developing projects in the region, with more firms expected to launch mixed-use developments soon. ‘India’s Most Desired Address’ Sumesh Mishra, Founder of Lighthouse Proptech, said Bandra Bay will become the most sought-after address in India, attracting ultra-high-net-worth individuals (UHNI), NRIs, and global investors seeking an iconic waterfront lifestyle. Abhishek Kiran Gupta, CEO of CRE Matrix, added, “Our data shows that Bandra Bay will emerge as Mumbai’s most valuable waterfront asset. Limited curated supply, elite demand, and unparalleled infrastructure synergy will drive sustained capital appreciation.”

Next Story
Infrastructure Urban

The Engineers’ Bill must be cleared on priority

Amid sweeping changes in the global construction industry, India must urgently overhaul its approach to procurement, regulation and the training of engineers, says Prashant Kapila, President, Consulting Engineers Association of India (CEAI), an industry body. Holding a master’s degree in civil & environmental Engineering from Carnegie Mellon University, US, he tells CW that the early passage of the Professional Engineers’ Bill, 2025, is critical to this transformation.At a time when the construction sector is at an inflexion point, what do you see as the key challenges fo..

Next Story
Infrastructure Urban

Yashoda Medicity

A 1,200-bed healthcare centre rises in Ghaziabad, marrying clinical efficiency, human-centred design and sustainability.In the rapidly expanding urban fabric of Ghaziabad, the demand for advanced tertiary healthcare infrastructure has long outpaced supply. Yashoda Medicity – a 1,200-bed, multi-speciality campus located in Indirapuram – represents a decisive response to this gap. Planned as a next-generation, LEED-ready, digitally enabled healthcare ecosystem, the project combines architectural clarity, engineering precision and strong sustainability benchmarks to deliver a contemporary med..

Next Story
Technology

We’re fixing construction from the ground up!

In an incisive conversation with CW, Iesh Dixit, CEO & Cofounder, Powerplay, unpacks how the platform is reshaping onsite execution, unlocking real-time visibility and redefining digital adoption across India’s construction sites.When Powerplay began digitising site-to-office workflows, which onsite challenges did you prioritise first, and what informed those choices?From the start, we were very clear on one thing: digitisation in construction can’t begin in the office. It has to begin onsite, with the people actually executing the work. So, the first problems we went after w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App