OBEROI BANDRA WEST (CARTER ROAD) — New Project Coming Up in Bandra West, Mumbai
Oberoi Realty Enters Carter Road with 2,576-Square-Meter Development
Oberoi Realty Ltd has entered into a Development Agreement for the development and redevelopment of a parcel of land measuring approximately 2,576 square meters, located at Carter Road in Bandra (West), Mumbai. The project represents the developer's expansion into one of the city's most established seafront micro-markets.
Location and Connectivity
The project is located on Carter Road, one of Mumbai's most prestigious and sought-after addresses. Carter Road, officially renamed Sangeet Samrat Naushad Ali Marg, is a 1.25-kilometre seafront stretch that connects Khar Danda in the north to Turner Road in the south. Its proximity to the Bandra-Worli Sea Link, BKC, and the International Airport provides excellent connectivity.
The location benefits from established social infrastructure. International schools such as Dhirubhai Ambani International School and Ecole Mondiale are within a manageable radius. Healthcare is anchored by Lilavati Hospital and Holy Family Hospital.
Project Specifications
The company anticipates generating a free sale component of around 40,000 square feet of RERA Carpet area from the development and redevelopment of this property, in accordance with the existing provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2034.
The development will offer residential units in multiple configurations. Available information indicates the project will feature 2 and 3 BHK apartment options designed for the luxury residential segment.
Oberoi Realty's Track Record
Oberoi Realty Limited traces its operating roots to the early 1980s in Mumbai, with formal incorporation in 1998 under the Companies Act and a listing on the Bombay Stock Exchange and National Stock Exchange following its conversion to a public limited company in December 2009. The developer has delivered 49 completed projects across Mumbai, aggregating well over 35 million square feet of built space, and carries an ongoing pipeline of approximately 30 million square feet across seven active execution-phase projects.
The company commands a strong premium and luxury positioning in the Mumbai market, is listed on BSE and NSE, and maintains a conservative financial profile with low leverage.
Bandra West Market Context
Carter Road Promenade is located along the Arabian sea on the west side of Bandra, a highly coveted location for its coastlines, restaurants, pubs, and high-street stores. The area has long been synonymous with premium residential development, with limited supply of new projects entering the market.
The combination of sea proximity, limited new supply, established social infrastructure, and the cultural identity of Bandra West makes this micro-market one of the most sought-after residential locations in the city.