The Brihanmumbai Municipal Corporation (BMC) has officially launched the first phase of the Bayside Promenade at Bandra Bay in partnership with Godrej Properties and RC Group. According to latest reports, the collaboration brings together BMC, Godrej Properties, and RC Group to develop the Bayside Promenade along Bandra Bay, aimed at enhancing the waterfront and community engagement. The initiative is designed to transform the currently underused land along the bay into a lush, verdant bayfront that enriches the character of the neighbourhood, as part of BMC's broader vision to shape the area into a premier waterfront district. Shri Vishwas Mote, Deputy Municipal Commissioner (Zone III), BMC, expressed that Bandra's waterfront is one of Mumbai's finest natural assets, with the development providing spaces for community engagement, allowing people to walk, spend time with family, and participate in community activities.
The first phase of the Bayside Promenade development includes three key spaces: a bayside walking track, bayside garden with sweeping landscaped lawns, and a lifestyle hub combining a pet park, literature zone, and amphitheatre. As reported by CNBC TV18, Vishwas Mote, Deputy Municipal Commissioner (Zone III), BMC, stated that the endeavour is to make Bandra's waterfront more vibrant and usable for citizens, with the development at Bandra Reclamation providing spaces for families and community engagement. The project was announced in an exchange filing on Wednesday, October 7, with the first phase set to transform currently underused land along the bay into a public space.
Rohit Mohan, Chief Design & Sustainability Officer at Godrej Properties, emphasized their focus on ensuring every element responds to its context, is purposeful in its use, and is designed for durability and ease of maintenance. According to CNBC TV18, Anup Singh, Head Design & Regulatory at RC Group, noted that community aspirations form an important part of the design process, with the initiative reflecting the importance of public-private collaboration in creating high-quality urban infrastructure. The focus on sustainability is integral to their approach, ensuring the development meets environmental and community needs, with the collaboration underscoring the significance of public-private partnerships in developing high-quality urban infrastructure.
A second phase is planned to include a mini golf course and a separate activity and sports zone, as reported by CNBC TV18. The partners stated the project is aimed at creating a long-term public destination that enhances the Bandra waterfront for residents and visitors. The second phase will introduce a mini golf course set amid lush greens, along with a separate, dedicated activity and sports zone, expanding the recreational offerings and making the promenade a comprehensive waterfront destination. Analysts view this project as a positive step towards integrating environmental sensitivity with urban development, potentially setting a benchmark for future waterfront projects in India.
Shares of Godrej Properties ended 2% lower at ₹1,577.50 ahead of the announcement on Wednesday. According to CNBC TV18, the stock has fallen 22% so far in 2026 and about 24% over the trailing 12 months, reflecting broader market sentiment toward the real estate sector. The latest stock performance shows a -1.85% decline over 1 day, -3.32% over 5 days, and -20.27% over 1 month, indicating continued pressure on the sector despite the positive development announcement. However, analysts view this project as a meaningful step towards creating a lasting landmark that benefits residents and visitors alike, potentially enhancing Godrej Properties' reputation for sustainability and community-focused design.
