October 23, 2025: Mumbai’s Bandra Bay is poised to emerge as one of India’s most sought-after luxury real estate destinations, with premium residential and retail projects worth over Rs 1 lakh crore planned along the city’s western coastline. According to a joint report by Lighthouse Luxury and data analytics firm CRE Matrix titled ‘Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment’, nearly 8 million sq. ft. of luxury development is slated for the area.
The report highlights that “Mumbai is soon set to become a ‘Waterfront Capital’ of India with a new waterfront belt emerging alongside Bandra-Kurla Complex, a bustling business district and a luxury residential cluster of Mumbai.” It further notes that Bandra Bay has a total development potential exceeding ₹1 lakh crore, featuring ultra-luxury real estate projects along the evolving waterfront.
“Bandra Bay is set to become the most prestigious and ambitious luxury waterfront redevelopment in Mumbai. Comparable to global benchmarks such as Dubai Marina, Palm Jumeirah, and Singapore’s Marina Bay, the development here offers investors an opportunity to own a slice of India’s most coveted real estate,” the report stated.
About 11 leading developers — including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group — are already part of the Bandra Bay project, with more firms expected to announce large-scale mixed-use developments.
Sumesh Mishra, Founder of Lighthouse Proptech, remarked that Bandra Bay would soon become “the most desired address in India,” attracting ultra-high-net-worth individuals (UHNWIs), NRIs, and global investors seeking an iconic 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.”
Source: The Free Press Journal
