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Report Projects Rs 1 Lakh Crore Luxury Development at Mumbai’s Bandra Bay

A joint Lighthouse Luxury–CRE Matrix study maps nearly 8 million sq ft of planned housing plus retail near BKC by at least 11 major developers.

Overview

  • The report positions Bandra Bay as a new waterfront corridor next to the Bandra-Kurla Complex, pitched as Mumbai’s next premium address.
  • Planned projects cited in the study total nearly 8 million sq ft across high-end residences and premium retail over the coming years.
  • At least 11 developers — including Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty and The Wadhwa Group — are reported to be engaged in large mixed-use plans.
  • The authors liken the envisioned precinct to Dubai Marina, Palm Jumeirah and Singapore’s Marina Bay, with targeting of UHNIs, NRIs and global investors.
  • Separate market data notes Century Real Estate’s July–September sales bookings more than doubled to Rs 1,062 crore, which the coverage cites as a sign of robust housing demand.