Mumbai’s western coastline is poised for a landmark transformation with the Bandra Bay Redevelopment Project, a Rs 1 trillion initiative targeting luxury residential and mixed-use development across the former Bandra Reclamation area. Once a quiet middle-class neighbourhood, the region is now being reshaped with modern towers, amenities, and commercial infrastructure, reflecting the city’s shift toward high-end coastal urban living.
The redevelopment focuses on 52 ageing MHADA buildings, home to over 1,630 families, which will be replaced by luxury towers with approximately 800 apartments, priced at around Rs 550,000 per square foot. A senior urban planner noted that the cluster development model aims to balance modern architecture with residents’ needs, while integrating open spaces, sports infrastructure, and a marina at Mahim Bay. Plans also include an athletics track, cricket and football facilities, and a five-star hotel, creating a 150-acre mixed-use urban enclave. Leading developers including Oberoi Realty, Godrej Properties, L&T Realty, Hiranandani Communities, Adani Realty, Excel Group, and DLH are participating in the project. Industry experts say the initiative combines prime coastal views with world-class facilities, signalling Mumbai’s rising demand for luxury real estate along sustainable urban corridors.
The project has advanced due to regulatory reforms. The Maharashtra Coastal Zone Management Authority reclassified key coastal stretches as “bays” rather than “seafronts,” reducing the no-development zone from 500 metres to 50 metres. The state’s April 2025 redevelopment plan requires consent from just 51 per cent of residents per colony, granting developers an FSI of 4, with one FSI reserved for MHADA housing stock. Significant land transactions have already occurred. Adani Realty secured a 24-acre plot from the Maharashtra State Road Development Corporation, valuing development rights at Rs 300 billion, while L&T partnered with Valor Estate for Rs 85 billion worth of redevelopment across 7.5 acres. Several other projects are underway or in planning stages across Bandra Bay, including redevelopments by House of Hiranandani, DLH, and Excel Group.
However, the transformation has prompted local concerns. MHADA residents have questioned the consultation process, stressing that they are entitled stakeholders rather than informal settlements. Parallel slum rehabilitation efforts are also underway, including redevelopment of Nargis Dutt Nagar and Nityanand Nagar by Roshni Developers, Omkar Realtors, Godrej Properties, and Oberoi Realty, with over 1,500 shanties already cleared. The Bandra Bay project exemplifies Mumbai’s approach to high-value coastal redevelopment while highlighting the need to balance modernisation with social inclusion. As the skyline evolves, the city aims to merge luxury urban planning with sustainable, inclusive principles, setting a precedent for future coastal projects.
Also Read: Thane Station To Operate 15 Coach Trains By 2025
