OBEROI BANDRA EAST — New Project Coming Up in Bandra East, Mumbai
Oberoi Realty to Develop 11-Acre Bandra East Site
Oberoi Realty emerged as the highest bidder at ₹5,400 crore for a 99-year lease of 11 acres of prime railway land in Bandra East, Mumbai. The company invests ₹268.50 crore in Centerstage Realty to develop the major project following a successful RLDA bid. The development is one of the largest railway-owned redevelopment opportunities in Mumbai's eastern zone.
Scale and Development Potential
The site has a FSI of 19.50 lakh sq ft, suitable for a mixed-use development including residential, commercial, and retail spaces. The project will feature modern 2, 3, and 4 BHK apartments. An expected possession date of April 2028 is indicated for the upcoming project.
Strategic Location and Connectivity
The site adjoins the Western Express Highway, providing excellent connectivity and high visibility for future projects. Its central location connects Bandra East with major commercial districts like Bandra-Kurla Complex (BKC) and Andheri. The project provides excellent connectivity to the Bandra-Worli Sea Link, Western Express Highway, Eastern Express Highway, and forthcoming metro lines.
Railway land parcels in Bandra East have drawn strong interest in recent years due to their proximity to the Bandra Kurla Complex, one of India's most expensive commercial districts. The area is easily reachable by Bandra station on the Western and Harbour Suburban Railway network, Western Express highway and excellent public transport facilities.
Bandra East as a Residential Address
The area's residential demand is driven by its proximity to the commercial hub of Bandra Kurla Complex (BKC), as well as other IT parks and Special Economic Zones. Notable schools include St Andrew's College, Thadomal Shahani Engineering College, IES Management College and Hiranandani Foundation School, known for their quality education and holistic development. World-class hospitals in the vicinity include the Leelavati Hospital and Asian Heart Institute.
Oberoi Realty's Track Record
Founded in 1986, Oberoi Realty is one of India's most respected and diversified real estate developers. Headquartered in Bangalore, the group has an impressive portfolio across residential, commercial, retail, hospitality, and leisure segments, with landmark projects in cities like Gurgaon, Bangalore, Chennai, Hyderabad, Kochi and Mumbai.
In October 2024, Oberoi Realty launched project 'Oberoi Garden City Thane', a 75-acre residential project, and sold luxury homes worth Rs 1,348 crore in the first three days. The developer's recent projects across Mumbai and expansion into Gurugram and other markets underscore a focus on large-scale, mixed-use urban developments.