Mumbai’s Bandra Bay is set to witness a massive development surge, with luxury housing and retail projects worth over ₹1 lakh crore planned in the coming years, according to a joint report by Lighthouse Luxury and CRE Matrix.
The report, titled “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment,” reveals that nearly 8 million sq ft of premium residential and retail space is earmarked for the area, aiming to capitalize on the growing demand for waterfront properties.
“Mumbai is on its way to becoming the ‘Waterfront Capital’ of India, with a new waterfront belt emerging alongside the Bandra-Kurla Complex, a bustling business district and luxury residential hub,” the report stated.
Bandra Bay is projected to become one of the most prestigious and ambitious luxury waterfront redevelopments in Mumbai, with designs comparable to global landmarks such as Dubai Marina, Palm Jumeirah, and Singapore’s Marina Bay.
The development has already attracted 11 major developers, including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, and The Wadhwa Group, with many more planning large-scale mixed-use projects.
Sumesh Mishra, Founder of Lighthouse Proptech, said, “Bandra Bay will be the most desired address in India, attracting ultra HNIs, NRIs, and global investors seeking a truly iconic lifestyle.”
Abhishek Kiran Gupta, CEO of CRE Matrix, added, “Limited curated supply, elite demand, and unparalleled infrastructure synergy will drive sustained capital appreciation, making Bandra Bay Mumbai’s most valuable waterfront asset.”
This development signals a new era for Mumbai’s real estate market, positioning Bandra Bay as a prime destination for luxury living and investment.
