Bandra Reclamation Set to Transform with 8 Million Sqft of Luxury Developments
A new report by Lighthouse Luxury and CRE Matrix projects a development potential of over ₹1 lakh crore for the Bandra Reclamation area, with plans for ultra-luxury residential and retail spaces.
Bandra ReclamationLuxury Real EstateMumbai DevelopmentWaterfront ProjectsInfrastructure InvestmentReal Estate MumbaiOct 15, 2025
Titled 'Why Bandra Bay is Mumbai’s Most Iconic Waterfront Investment,' the report, by real estate advisory Lighthouse Luxury and real estate analytics firm CRE Matrix, projects a development potential of over ₹1 lakh crore for the waterfront area, with various ultra-luxury real estate projects being planned.
Covering more than 140 acres, the area, dubbed 'Bandra Bay' in the report, is envisioned as Mumbai’s most exclusive bay-side destination. The report outlines nine key factors driving this transformation, including its strategic location, iconic sea-facing architecture, global demand, and sustainability-led design.
'Within two years, we are planning to come up with a marina at Bandra,' said Ashish Shelar, the guardian minister for suburban Mumbai, while launching the report on Wednesday.
The report says that this area’s growth is being fuelled by infrastructure investments totalling over ₹2.6 lakh crore since 2002. Some of the projects fueling this momentum include the Mumbai Coastal Road, the Bandra-Worli Sea Link, the upcoming Versova-Bandra Sea Link, the Mumbai Metro (Yellow Line and Aqua Line), the Mumbai Trans Harbour Link (Atal Setu), the Western and Eastern Express Highways, and the upcoming Mumbai-Ahmedabad bullet train.
The area’s proximity to major commercial zones, upscale social infrastructure, and luxury retail corridors ensures holistic lifestyle integration—from workspaces and homes to leisure and wellness, the report says.
Abhishek Kiran Gupta, CEO of CRE Matrix, said, '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. As India’s real estate matures globally, Bandra Bay stands as the symbol of this evolution.'
The transformation of Bandra Reclamation into Bandra Bay is expected to attract significant investment and enhance the area's appeal as a premier waterfront destination in Mumbai.
Frequently Asked Questions
What is the projected development potential for the Bandra Reclamation area?
The development potential for the Bandra Reclamation area is projected to be over ₹1 lakh crore, according to a report by Lighthouse Luxury and CRE Matrix.
What is the area of the Bandra Reclamation being developed?
The Bandra Reclamation area, also known as Bandra Bay, covers more than 140 acres and is set for significant luxury residential and retail development.
What are the key factors driving the transformation of Bandra Reclamation?
The key factors driving the transformation of Bandra Reclamation include its strategic location, iconic sea-facing architecture, global demand, and sustainability-led design.
What major infrastructure projects are contributing to the growth of Bandra Reclamation?
Major infrastructure projects contributing to the growth of Bandra Reclamation include the Mumbai Coastal Road, the Bandra-Worli Sea Link, the upcoming Versova-Bandra Sea Link, the Mumbai Metro, the Mumbai Trans Harbour Link, and the Mumbai-Ahmedabad bullet train.
What is the expected impact of the transformation on the real estate market in Mumbai?
The transformation of Bandra Reclamation into Bandra Bay is expected to attract significant investment and enhance the area's appeal as a premier waterfront destination, driving sustained capital appreciation in the real estate market.
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