Berkeley House, Bandra West: MICL's Sea-View Project Moves Toward Launch

Where the project stands

MICL announced the acquisition of the Bandstand site on 18 May 2026, with an estimated gross development value of over ₹1,000 crore. The project applied for its Intimation of Disapproval in May 2026, and on 10 August 2026 the developer announced that it had secured the Intimation of Approval (IOA).

The project was not part of the company's Q1 FY27 launch lineup. Management has said the launch is expected in FY27. Demolition and on-site works are yet to begin, and members of the existing building have started to vacate.

As of October 2026, the project has yet to be registered under RERA. The developer has said it expects the project to be completed within about three years.

Project scale and positioning

The project is spread across a plot of more than 30,000 sq ft and is planned as a 26-storey tower with about 1 lakh sq ft of carpet area. The developer describes it as a boutique sea-view residential offering for the premium luxury segment and presents the sea view and limited supply as its main differentiators.

Product configurations, unit sizes and unit counts for Berkeley House have not been announced in the project materials reviewed for this report.

Separate MICL project in Bandra

MICL is also developing Marina Vista at Pali Hill, Bandra West, which is a separate project. On 10 August 2026, the same day the Berkeley House IOA was announced, MICL launched Marina Vista with 30% pre-sales. Marina Vista is a different project with its own approvals and should not be confused with Berkeley House.

Location and connectivity

Bandstand sits in Bandra West, near Hill Road, Mount Mary and Carter Road. The locality is bounded by Pali Hill to the north and Carter Road to the south.

• Bandra railway station is about 3.8 km away, with Khar Road at 4.8 km and Mahim Junction at 5.1 km.
• The Bandra-Worli Sea Link, completed in June 2009, connects Bandra with Worli.
• Coastal Road Phase 1, a 10.58 km stretch from Princess Street flyover to the Worli end of the Sea Link, opened on 11 March 2024. The northbound bridge opened on 27 January 2025, and the developer's reference route says it cuts Bandra to Marine Drive travel to about 10 to 15 minutes.
• The nearest Aqua Line 3 station to Bandstand given in transit listings is Shitala Devi Mandir, about a 26-minute walk. Bandra Colony is an underground Line 3 station in BKC.
• From Lilavati Hospital in Bandra West, the domestic airport is about 9 km (13 minutes) and the international airport about 13 km (15 minutes).

Infrastructure under way

The Versova-Bandra Sea Link (Swatantrya Veer Savarkar Sea Link) is a 17.17 km eight-lane route from Versova to Bandra. It had a May 2028 delivery target, and progress was about 31% as of May 2026 against a planned 35.84%.

Coastal Road Phase 2, from Bandra to Dahisar, is under construction. A 2025 report said nearly 8 million sq ft of premium residential and retail projects are planned along the Bandra waterfront.

Nearby civic and leisure points

• Lilavati Hospital and Research Centre in Bandra Reclamation is an NABH Platinum accredited private hospital with 323 beds and 12 operation theatres.
• Bandstand Promenade is a 1.2 km sea-facing walkway. Nearby landmarks include Bandra Fort, Carter Road Promenade and Mount Mary Church.
• Schools named in local listings include Mount Mary's Convent High School and Learners Academy.
• Taj Lands End is a luxury hotel in the locality.

Local market context

Market data for April to June 2026 put the average apartment price in Bandra West at about ₹65,650 per sq ft, up from ₹63,250 for January to March 2026. Locality pricing reported for July 2026 ranges from about ₹55,000 to ₹2,00,000 per sq ft (carpet) for apartments.

For comparison, MICL's Artek Park in Bandra East is priced from ₹8.5 crore to ₹11.5 crore depending on configuration and floor. Berkeley House has not had prices published, so no direct price comparison can be drawn for it.

About MICL Group

The MICL Group traces its roots to 1964 and entered real estate in 2012. The company says it has delivered 2.8 million sq ft of carpet area and has total sales of over ₹8,260 crore, as stated in its February 2025 investor deck. It reports that all 20 of its completed projects were delivered before schedule.

For Q1 FY27, the company reported a consolidated net profit after tax of ₹71.64 crore, up 29% year on year, and said it is net debt free at the consolidated level. Manan Shah is Managing Director and Parag Shah is Chairman.