October 16, 2025: Mumbai’s Bandra Reclamation is on the brink of a massive transformation, with nearly 8 million sq ft of ultra-luxury residential and retail spaces planned, according to a new report by Lighthouse Luxury and CRE Matrix. The report, titled Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment, estimates a development potential exceeding ₹1 lakh crore for the area, positioning it as the city’s most exclusive bay-side destination.
Spread across 140 acres, the proposed “Bandra Bay” will feature sea-facing architecture, luxury living spaces, and sustainability-led design. The report identifies nine key factors driving the area’s growth, including its prime location, global investor interest, and integration of lifestyle, wellness, and leisure amenities.
“Within two years, we are planning to come up with a marina at Bandra,” said Ashish Shelar, Guardian Minister for suburban Mumbai, during the report’s launch on Wednesday.
The study highlights that Bandra Reclamation’s rise is powered by infrastructure investments exceeding Rs 2.6 lakh crore since 2002. Key developments such as the Mumbai Coastal Road, Bandra-Worli Sea Link, upcoming Versova-Bandra Sea Link, Mumbai Metro (Yellow and Aqua Lines), Atal Setu, and the Mumbai-Ahmedabad bullet train are catalysing its growth.
The report also notes that the area’s proximity to major business districts, premium social infrastructure, and high-end retail corridors offers a seamless integration of living, working, and leisure.
Abhishek Kiran Gupta, CEO of CRE Matrix, said, “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.”
Source: Hindustan Times
