Project Milestone
Oberoi Realty Wins SRA Appointment for 2.5-Acre Bandra Reclamation Redevelopment; 3.2 Lakh Sq Ft Free-Sale Entitlement Confirmed
The Slum Rehabilitation Authority (SRA), Brihanmumbai, confirmed the appointment of Oberoi Realty as the developer for a slum rehabilitation scheme on January 10, 2025. The project involves land measuring approximately 10,300 square meters at Bandra Reclamation, with the company expected to receive a free sale component of approximately 3.2 lakh square feet (RERA carpet area).
| Developer Appointment | Confirmed by SRA Brihanmumbai, January 10, 2025 |
|---|---|
| Land Parcel | 10,300 sq m (2.5 acres), MHADA-owned |
| Free-Sale Entitlement | 3.2 lakh sq ft RERA carpet area |
| Configuration | 3, 4 and 5 BHK residences (pre-launch) |
| Pricing | Not announced; pending RERA filing |
| RERA Registration | Not yet filed (as of September 2026) |
| Estimated Possession | Around 2030 (indicative; subject to SRA approvals) |
| Locality Context | Bandra Reclamation, Bandra West; near Bandra-Worli Sea Link |
Project Status and Developer Appointment
Oberoi Realty announced that the Slum Rehabilitation Authority, Brihanmumbai, confirmed the appointment of the Company as the developer for lands measuring approximately 10,300 sq m at Bandra Reclamation, Mumbai. The land, owned by the Maharashtra Housing and Area Development Authority (MHADA), will be developed under the provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2034.
Land is owned by MHADA and being developed under the SRA framework — meaning a portion of built area will first go toward rehabilitating existing slum-dwellers before the free-sale component is offered to buyers.
Product and Configuration
The project will offer 3, 4 and 5 BHK residences with sea and city views, and is expected to benefit from the Bandra-Worli Sea Link at the doorstep. The company is expected to receive a free sale component of approximately 3.2 lakh square feet (RERA carpet area) from the redevelopment.
No RERA filing has been made public yet, so there is no official launch date, tower plan, or possession timeline. Buyers should expect this project to move through approvals, slum-dweller rehabilitation, demolition, and foundation stages before any tower construction becomes visible.
Pricing and RERA Status
Pricing and RERA registration are pending formal launch. The SRA appointment letter confirming Oberoi Realty as developer was issued on January 10, 2025, and the company is still working through the regulatory and rehabilitation-component approval process typical of MHADA-owned SRA parcels.
Bandra Reclamation and adjoining Bandra West already command among the highest per-sqft rates in Mumbai, with nearby Bandra East averaging around ₹54,800/sqft and premium societies there crossing ₹65,000/sqft — Bandra West waterfront stock typically prices higher still.
Location and Connectivity
Bandra Reclamation is a reclaimed stretch along the Arabian Sea in Bandra West, separated from the main residential grid by the Bandra-Worli Sea Link. Sea Link access is within roughly 1.5 km, cutting travel time to Worli and South Mumbai significantly versus a Western Express Highway-facing address. BKC commercial hub is reachable in around 15-20 minutes by road, relevant for finance and consulting professionals.
Proximity to top-tier educational institutions such as Dhirubhai Ambani International School and Podar International School, along with renowned hospitals like Lilavati and Holy Family, ensures convenience for families, while residents can enjoy vibrant retail, dining, and entertainment options at Linking Road, Hill Road, and nearby malls.
Developer Track Record
Oberoi Realty Limited is one of India's most credible luxury developers, known for Oberoi Sky City (Borivali), Oberoi Garden City (Goregaon) and Oberoi Three Sixty West (Worli). The developer has a strong Mumbai delivery track record and consistently high-quality construction across its portfolio.
Key Risks and Considerations
SRA/slum rehabilitation redevelopments in Mumbai are notorious for approval delays, litigation, and rehabilitation-handover bottlenecks that can push timelines well beyond initial expectations. Buyers cannot legally book units or receive a binding cost sheet until RERA is filed.
Bandra Reclamation is a land-scarce, high-demand micro-market, which supports long-term value, but the multi-year SRA redevelopment timeline means this suits patient investors rather than those needing near-term possession.
Frequently asked questions
What is the current status of Oberoi Bandra Reclamation?
The project is in pre-launch stage. The Slum Rehabilitation Authority confirmed the appointment of Oberoi Realty as the developer on January 10, 2025. No RERA filing has been made public yet, and formal launch with pricing and floor plans is expected once rehabilitation approvals advance, likely in 2026 or 2027.
What is the land size and free-sale entitlement?
The project involves land measuring approximately 10,300 square meters at Bandra Reclamation, with the company expected to receive a free sale component of approximately 3.2 lakh square feet (RERA carpet area).
What configurations are planned?
The project will offer 3, 4 and 5 BHK residences with sea and city views. However, at least one competing broker page markets the same project as "2/3 BHK & Jodi option" flats, signalling that the configuration mix is not yet finalized or officially confirmed.
When is possession expected?
There is no confirmed possession date. Since RERA hasn't been filed, any date mentioned by a broker is speculative and should not be relied upon. Market commentary suggests around 2030, but buyers should expect this project to move through approvals, slum-dweller rehabilitation, demolition, and foundation stages before tower construction becomes visible — a process that on comparable SRA parcels in Mumbai has historically taken anywhere from 18 months to several years before RERA registration.
Why is this a slum rehabilitation project?
The land is owned by MHADA and being developed under the SRA framework — meaning a portion of built area will first go toward rehabilitating existing slum-dwellers before the free-sale component is offered to buyers. The development will be conducted under the provisions of the Development Control & Promotion Regulations for Greater Mumbai, 2034.
What is the market context for Bandra Reclamation?
Bandra Reclamation and adjoining Bandra West already command among the highest per-sqft rates in Mumbai, with nearby Bandra East averaging around ₹54,800/sqft and premium societies there crossing ₹65,000/sqft. The property market in Bandra is characterized by its prime location and connectivity to key areas like Bandra-Worli Sea Link and Bandra-Kurla Complex. Known for high-value residential and commercial properties, the area attracts developers and investors seeking premium opportunities.