Bandra Bay: Mumbai’s Most Iconic Waterfront Investment Report

• Landmark report by Lighthouse Luxury and CRE Matrix — “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment” — launched by Shri Ashish Shelar, Minister for Information & Cultural Affairs, Govt. of Maharashtra
• Nearly 8 million sq. ft. of ultra-luxury residential and retail development projected
• Mumbai to join the global elite of waterfront capitals alongside Palm Jumeirah and Marina Bay

Mumbai, October 16, 2025: Mumbai, India’s financial and cultural powerhouse, is on the cusp of a transformative leap — poised to emerge as the ‘Waterfront Capital of India’ with the unveiling of Bandra Bay, a landmark luxury development belt that will redefine the city’s skyline and lifestyle.

Coined by the real estate fraternity and envisioned through a comprehensive analytical report jointly developed by Lighthouse Luxury (a division of Lighthouse Proptech) and CRE Matrix, Bandra Bay is set to deliver a development potential exceeding ₹1 lakh crore, encompassing nearly 8 million sq. ft. of premium residential and retail projects.

The exclusive report, titled “Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment,” was officially launched by Shri Ashish Shelar, Hon’ble Minister for Information and Cultural Affairs, Government of Maharashtra, at a prestigious event in Mumbai attended by top developers, policymakers, and industry leaders.

A Defining Moment for Mumbai’s Real Estate Evolution

With Bandra Bay, Mumbai’s western waterfront — extending from Bandra Reclamation to the Bandra–Kurla Complex (BKC) — is being reimagined as the country’s most aspirational luxury precinct. The development will combine elite sea-facing residences, curated retail experiences, and cutting-edge infrastructure, positioning Mumbai in the same league as Dubai’s Palm Jumeirah, Singapore’s Marina Bay, and London’s Canary Wharf.

The Lighthouse Luxury–CRE Matrix report describes Bandra Bay as “India’s most iconic and future-ready waterfront investment,” underpinned by strategic location, infrastructure excellence, and long-term value creation. The 140-acre master-planned luxury waterfront redevelopment promises an ecosystem of sophistication, connectivity, and sustainability that redefines Mumbai’s urban narrative.

Event Highlights: Leaders Unite to Unveil ‘Bandra Bay’ Vision

The unveiling event brought together some of India’s most respected names in real estate and governance. In attendance were:

• Shri Sanjeev Jaiswal, Vice President & CEO – MHADA

• Shri Milind Borikar, Vice Chairman – MHADA

• Dr. Niranjan Hiranandani, Chairman – Hiranandani Group

• Mr. Vijay Thakkar, Chairman – DLH

• Mr. Shyamal Mody, Partner – Elements Realty

• Mr. Ayush Madhusudan Agrawal, Director – Inspira Realty

• Mr. Mahesh Patel, Director – Gurukrupa Realcon

• Mr. Virendra Vora, Managing Director – Excel Group

The report was jointly presented by Mr. Sumesh Mishra, Founder, Lighthouse Proptech, and Mr. Abhishek Kiran Gupta, CEO, CRE Matrix.

‘Bandra Bay’: India’s Answer to Global Waterfront Icons

The report identifies Bandra Bay as India’s only true luxury waterfront redevelopment zone, representing an unparalleled investment opportunity across approximately 140 acres of prime coastal land.

Comparable to global benchmarks such as Dubai Marina, Palm Jumeirah, and Marina Bay Singapore, Bandra Bay is designed to deliver:

• Architectural landmarks with panoramic Arabian Sea views

• Integrated lifestyle ecosystems combining residential, commercial, and cultural spaces

• Sustainability-led design principles ensuring long-term ecological harmony

• World-class infrastructure linkages connecting seamlessly to Mumbai’s major business and transport nodes

According to the Lighthouse–CRE Matrix analysis, Mumbai’s premium waterfront homes already command a 15–20% price premium, and the limited supply within Bandra Bay is expected to outperform all other luxury micro-markets in terms of appreciation and demand.

Notably, the Bandra–Kurla Complex (BKC), already one of India’s most prominent business hubs, has recorded a 3.6% CAGR in property appreciation — surpassing Mumbai’s overall average of 2.2%, highlighting the area’s growing economic magnetism.

Nine Growth Drivers Powering Bandra Bay’s Rise

The report identifies nine key growth accelerators that will shape Bandra Bay as Mumbai’s next luxury epicenter:

1. Strategic Central Location connecting South Mumbai, Western Suburbs, and Eastern corridors

2. Generational Value Creation through long-term urban planning

3. Iconic Sea-facing Architecture defining Mumbai’s skyline

4. Elite Exclusivity and limited high-value inventory

5. Global-Standard Amenities across residences and retail

6. Robust Infrastructure Backbone supported by ₹2.6 lakh crore in public investment

7. Sustainability and Smart Design frameworks

8. Rising Global Demand from NRIs and institutional investors

9. Cultural & Lifestyle Integration — uniting business, leisure, and art

Infrastructure: The Backbone of Mumbai’s New Waterfront Capital

According to the report, Bandra Bay’s evolution is underpinned by massive infrastructure investments worth ₹2,62,889 crore since 2002, spanning 649 km of transport projects. These include:

• Mumbai Coastal Road Project

• Bandra–Worli Sea Link and its planned extension

• Atal Setu Bridge

• Mumbai Metro Lines (Yellow & Aqua)

• Western and Eastern Expressways

• Chhatrapati Shivaji Maharaj International Airport

• Upcoming Mumbai–Ahmedabad Bullet Train Corridor

This multi-modal connectivity ensures that Bandra Bay will be one of the most accessible and well-connected luxury precincts in India, linking key business districts, airports, and leisure hubs within minutes.

The report also projects that the Bandra–Kurla Complex will witness an addition of 7 million sq. ft. of Grade A office space within five years, creating demand for over 8,000 luxury housing units by 2030 from senior executives and CXOs working nearby.

Luxury Pricing and Developer Participation

With waterfront properties historically commanding a 15–20% premium, Bandra Bay residences are expected to reach price points around ₹1.2 lakh per sq. ft., with significant potential for appreciation.

For context, Worli prices are currently 46% higher than Bandra West, indicating the premium that exclusive waterfronts attract once fully developed.

Several of India’s leading developers have already invested in or are planning large-scale projects within the Bandra Bay zone, including:
Adani Realty, Hiranandani Communities, Oberoi Realty, Godrej Properties, L&T Realty, The Wadhwa Group, and others.

Visionary Voices: Leaders Speak on Mumbai’s Next Landmark

Shri Ashish Shelar,

Minister for Information Technology and Cultural Affairs, Government of Maharashtra

“This region of Bandra is poised to redefine Mumbai’s urban narrative. The Bandra–Kurla catchment is being transformed into a world-class township integrating infrastructure, culture, and innovation. Mumbai’s growth story reflects the Government’s strategic vision and commitment to urban excellence — and Bandra Bay stands as a shining example of that transformation.”

Shri Sanjeev Jaiswal,

Vice President & CEO – MHADA

“Bandra Bay is a leap forward in Mumbai’s urban evolution. MHADA is proud to play a key role in enabling this transformation under the Cluster Development framework. It’s not just about real estate — it’s about reimagining the city with wider roads, open spaces, and future-ready infrastructure. The upcoming tunnel to the Bullet Train station and new waterway links will make Bandra Bay a sustainable, globally benchmarked township.”

Dr. Niranjan Hiranandani,

Chairman, Hiranandani Group

“Bandra Bay redefines luxury at the intersection of connectivity and culture. Its proximity to the Sea Link, Coastal Road, and BKC places it at the heart of Mumbai’s evolution. With architectural finesse, curated experiences, and panoramic bay views, this region will emerge as Mumbai’s next iconic address for ultra-luxury living.”

Mr. Sumesh Mishra,

Founder, Lighthouse Proptech

“At Lighthouse Luxury, we’re proud to have conceptualized the ‘Bandra Bay’ identity. This report is the result of deep research, foresight, and collaboration. Bandra Bay is not merely a place — it’s a movement that will shape India’s luxury real estate landscape. We foresee it as the most desired address for Ultra HNIs, NRIs, and global investors seeking lifestyle distinction. This is India’s answer to Palm Jumeirah and Marina Bay.”

Mr. Abhishek Kiran Gupta,

CEO, CRE Matrix

“Our data-driven insights show that Bandra Bay will become Mumbai’s most valuable waterfront asset. Limited curated supply and unmatched infrastructure synergy will propel long-term capital appreciation. As India’s real estate globalizes, Bandra Bay will symbolize that transition — where analytics meets aspiration.”

Bandra Bay: The Next Chapter in Mumbai’s Global Luxury Story

The report concludes that Bandra Bay will not just reshape Mumbai’s luxury real estate but will also symbolize the city’s emergence as a global waterfront capital. Combining strategic location, robust connectivity, cultural depth, and urban sophistication, Bandra Bay stands poised to attract the world’s most discerning buyers and investors.

It represents a unique convergence of finance, lifestyle, and heritage, blending Mumbai’s coastal grandeur with modern luxury and sustainable design — setting a new benchmark for high-value urban living in India.

About Lighthouse Proptech

Founded by Mr. Dheeraj Dhawan, Mr. Sumesh Mishra, and Mr. Murtuza Vapiwala, Lighthouse Proptech is a technology-driven real estate platform that brings efficiency, transparency, and optimization to India’s luxury property market. With a team of 50 professionals, a network of 500 luxury advisors, and over 350 brokers, the firm has successfully closed more than 5,000 transactions across India’s top-tier markets.

About Lighthouse Luxury

Lighthouse Luxury, the ultra-premium arm of Lighthouse Proptech, is India’s exclusive luxury real estate listing platform dedicated to serving High-Net-Worth and Ultra-High-Net-Worth Individuals (HNIs and UHNIs). The platform curates exceptional real estate opportunities, offering a seamless, data-backed approach to luxury investments with personalized services from a team of industry experts.

About CRE Matrix

CRE Matrix is a pioneering real estate analytics and data intelligence platform, delivering high-quality, real-time market insights. Founded by seasoned real estate researchers, the platform leverages machine learning algorithms to provide developers, banks, brokers, and investors with actionable intelligence for faster and more profitable decision-making.

CRE Matrix’s proprietary data tools and market research reports are redefining how India evaluates property performance and investment potential.