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Mumbai is set to redefine its urban identity with the emergence of ‘Bandra Bay’—a master-planned waterfront belt adjoining Bandra-Kurla Complex. According to a landmark report jointly launched by Lighthouse Luxury and CRE Matrix, Bandra Bay holds a premium development potential of over Rs1 lakh crore, with nearly 8 million sq. ft. of ultra-luxury residential and retail space planned.
Unveiled by Shri Ashish Shelar, Minister for Information Technology and Cultural Affairs, Government of Maharashtra, the report titled “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment” positions the destination alongside global benchmarks like Palm Jumeirah and Marina Bay. “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,” said Shri Shelar. “Mumbai’s potential reflects the Government’s commitment to strategic planning and the belief that it will set a new benchmark for urban excellence.”
Spread across 140 acres, Bandra Bay is envisioned as India’s most aspirational waterfront address, offering curated architecture, sweeping bay views, and elite exclusivity. “Bandra Bay redefines luxury living at the confluence of Mumbai’s key corridors,” said Dr. Niranjan Hiranandani, Chairman, Hiranandani Group. “Its proximity to the Sea Link, Coastal Road, and BKC makes it one of the most strategically placed destinations. With curated architecture, sweeping bay views, and modern amenities, Bandra Bay embodies the evolution of urban sophistication.”
The report identifies nine growth drivers behind Bandra Bay’s rise—including strategic location, generational value, global demand, and sustainability-led design. With Mumbai’s waterfront homes commanding a 15–20% premium, Bandra Bay is expected to outperform traditional luxury zones like Juhu and Worli. BKC’s 3.6% CAGR already surpasses the city average of 2.2%.
Backed by Rs2.6 lakh crore in infrastructure investment since 2002, Bandra Bay offers seamless connectivity via the Coastal Road, Sea Link, Metro, Atal Setu Bridge, and proximity to the airport and upcoming Bullet Train. “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,” said Shri Sanjeev Jaiswal, Vice President & CEO – MHADA. “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.”
Developers including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, and L&T Realty are already active in the zone. With projected prices reaching Rs1.2 lakh per sq. ft., Bandra Bay is set to become India’s most coveted waterfront investment. “At Lighthouse Luxury, being an ultra-luxury real estate proptech platform, we are proud to have coined the term ‘Bandra Bay’ and re-imagined this coastline as a global destination,” said Mr. Sumesh Mishra, Founder, Lighthouse Proptech. “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.” “Our data shows that Bandra Bay will emerge as Mumbai’s most valuable waterfront asset,” added Mr. Abhishek Kiran Gupta, CEO, CRE Matrix. “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.”
