October 21, 2025: Mumbai is poised for a grand transformation with the emergence of Bandra Bay, a landmark coastal development adjacent to the Bandra-Kurla Complex (BKC), projected to redefine the city as India’s Waterfront Capital. The premium project is expected to attract real estate investments exceeding Rs 1 lakh crore and will feature nearly 8 million sq. ft. of luxury residential and retail spaces.
These insights were highlighted in the report “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment”, jointly released by Lighthouse Luxury and CRE Matrix. The report was unveiled by Shri Ashish Shelar, Minister for Information Technology and Cultural Affairs, Government of Maharashtra, in the presence of industry leaders, including Dr. Niranjan Hiranandani, Mr. Vijay Thakkar, and other key developers.
Spanning over 140 acres, Bandra Bay represents the master-planned redevelopment of Bandra Reclamation and aims to become Mumbai’s most exclusive waterfront neighborhood. The report identifies nine growth drivers, including its prime location, sea-facing architecture, global-standard amenities, and sustainability-focused design. With waterfront homes already commanding a 15–20% premium, Bandra Bay is expected to outperform luxury markets like Juhu and Worli.
Since 2002, over Rs 2.6 lakh crore has been invested in transport infrastructure—such as the Coastal Road, Atal Setu Bridge, Metro corridors, and the Bullet Train—cementing Bandra Bay’s connectivity to South Mumbai, BKC, and the airport. The report projects that BKC will add 7 million sq. ft. of Grade A office space within five years, attracting around 8,000 CXOs by 2030.
Developers like Adani Realty, Oberoi Realty, Hiranandani Communities, L&T Realty, and Godrej Properties are already part of this vision. As Sumesh Mishra of Lighthouse Proptech noted, “Bandra Bay symbolises a movement redefining luxury living for ultra HNIs, NRIs, and global investors.”
Source: Prop News Time
