Bandra Bay: Mumbai's Next Luxury Waterfront Capital

Mumbai is poised to become India’s “Waterfront Capital” with the rise of Bandra Bay, a Rs. 1 lakh crore ultra-luxury development belt along the Bandra-Kurla Complex (BKC).

The report “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment”—launched by Lighthouse Luxury and CRE Matrix—reveals plans for nearly 8 million sq. ft. of high-end residential and retail projects, transforming Bandra Reclamation into a global bay-side destination comparable to Dubai Marina, Palm Jumeirah, and Singapore’s Marina Bay. The 140-acre master-planned district is expected to command a premium pricing of Rs. 1.2 lakh per sq. ft., supported by elite demand and limited supply.

Key Highlights

• Rs. 1 lakh crore luxury waterfront projects to transform Bandra Reclamation
• 8 million sq. ft. premium residential and retail space planned
• Bandra Bay set to outperform Juhu and Worli in property appreciation

The area’s connectivity advantage—including the Coastal Road, Sea Link, Metro, Atal Setu, Expressways, and proximity to the Mumbai International Airport—has driven massive infrastructure investments exceeding Rs. 2.6 lakh crore since 2002.

Developers such as Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group are leading the transformation. With Grade A office expansion in BKC and rising housing demand from 8,000+ CXOs by 2030, the luxury real estate market here is projected to outperform Juhu and Worli.

Shelar said, “This region of Bandra is poised to redefine Mumbai’s urban narrative and the Bandra – Kurla catchment could be well transformed into a world-class township integrating infrastructure, culture, and innovation. Mumbai, as a city of international stature, is becoming the landmark of global living, working, and leisure. Mumbai’s potential reflects the Government’s commitment to strategic planning and the belief that it will set a new benchmark for urban excellence.”

Jaiswal stated, “The Bandra Bay development represents a leap forward in Mumbai’s urban evolution and MHADA is proud to play a key role in this development. Planned under the cluster development framework, ‘Bandra Bay’ is more than a real estate initiative. It is a blueprint for inclusive urban renewal, integrating wider roads, open spaces, and future-ready connectivity.”

Dr. Hiranandani opined, “Bandra Bay redefines luxury living at the confluence of Mumbai’s key corridors. Its proximity to the Sea Link, Coastal Road, and BKC makes it one of the most strategically placed destinations. This region will become Mumbai’s next icon for premium living — where time, mobility, and lifestyle converge.”

Mishra remarked, “This report is a collaborative effort rooted in research and foresight. Bandra Bay is not just a location — it is a movement. We believe it will be the most desired address in India, attracting ultra HNIs, NRIs, and global investors seeking a truly iconic lifestyle.”

Gupta 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. As India’s real estate matures globally, Bandra Bay stands as the symbol of this evolution.”

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Industry leaders hailed Bandra Bay as Mumbai’s new symbol of urban excellence, connectivity, and global lifestyle convergence.