Notandas Realty Plans ₹100 Crore Bandra West Redevelopment

A residential property off Carter Road in Bandra West is set to undergo a ₹100 crore luxury redevelopment.

Notandas Realty has entered into an agreement for the redevelopment of Mon Bijou, situated in one of Mumbai’s established premium residential micro-markets.

The existing property occupies approximately 788 sq. metres of land.

The redevelopment is planned as a luxury residential tower with a total construction area of approximately 4,914 sq. metres.

The new residences are expected to be supported by lifestyle amenities, positioning the project towards the premium end of the Bandra West housing market.

For Mumbai’s development industry, projects of this nature demonstrate the increasing importance of relatively compact redevelopment parcels.

Developers do not necessarily require multi-acre sites to create premium residential inventory in established neighbourhoods. In high-value locations such as Bandra, smaller plots can support luxury projects because of the underlying land value and demand for new homes.

The project also adds to redevelopment activity around Bandra West, where older buildings and residential communities are gradually being replaced by modern housing stock.

Sandeep Sadh’s Take:

“In a location like Bandra, the size of the plot is only one part of the equation. A well-positioned redevelopment parcel can support a premium project because buyers place substantial value on the neighbourhood and connectivity.”