



Bandra Bay: Mumbai’s new waterfront micro-market set to challenge Worli’s luxury crown
₹12 crore and going beyond ₹15 crore. Its Bandra Bay project is a Maharashtra Housing and Area Development Authority (Mhada) society redevelopment venture.“What makes Bandra Bay truly distinctive is that it combines the aspirational legacy of Bandra with the openness of bay front living, a rare offering in a land-constrained city like Mumbai,” Hiranandani added.Adani Properties will launch its largest luxury project in the area, featuring sea-facing apartments that will be sold by invitation only in the initial phase.
The second phase of the project, spanning 13-14 acres, will feature residences, retail, a hotel, and office space, according to a person familiar with the company's plans.There are other developers who are planning similar launches. L&T Realty Ltd and Valor Estate Ltd, Oberoi Realty Ltd, Wadhwa Group, and Godrej Properties Ltd, too, have redevelopment projects lined up at Bandra Bay.Bandra Bay, as a new moniker to describe the area lining the waterfront, was used in an October report by real estate data analytics firm CRE Matrix and Lighthouse Luxury.
Nearly 8 million sq ft of residential and retail projects are being planned in the location.Suburban Bandra in the city is the most expensive among the suburbs, but it is densely developed and has high-end projects that are small in size.Property consultants believe Bandra Bay has the potential to rival Worli, currently Mumbai’s hottest luxury location, in terms of pricing and demand, as well as its proximity to BKC. Property prices in Worli, particularly in high-quality projects, sell for ₹1 lakh per sq ft and above.“The various projects in the pipeline in Bandra Bay that will be developed over the next decade or so will see the area catching up to Worli.
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