Supreme Universal to Build Rs 1,500 Crore Luxury Towers on Bandra's Perry Cross Road

Prime Bandra Land Parcel Set for Redevelopment

The luxury real estate landscape of Mumbai's western suburbs is witnessing another major transformation. Two Parsi-owned bungalows located along the prestigious Perry Cross Road in Bandra are set to be demolished to make way for a high-end residential development. Developer Supreme Universal has acquired the prime one-acre plot to execute this ambitious project.

Perry Cross Road has long been regarded as one of Bandra's most exclusive residential avenues. Known for its quiet charm, tree-lined streets, and close proximity to the coastline, the neighborhood continues to command high demand from affluent home buyers, corporate executives, and high-net-worth individuals. The acquisition of this one-acre site represents a significant land aggregation in a micro-market where large, contiguous plots are exceptionally rare.

Rs 1,500 Crore Sale Potential for Coastal Luxury Project

Under the redevelopment plan, Supreme Universal intends to erect two luxury residential towers on the site. The combined revenue potential from the sale of residences in this premium coastal development is estimated at Rs 1,500 crore.

In prime Mumbai micro-markets like Bandra West, a single acre provides substantial scope for ultra-luxury design, private amenities, and elevated views. The planned high-rise towers will replace low-density bungalow structures, offering vertical luxury living aimed at discerning buyers seeking high-ticket addresses along Mumbai's western seafront.

The Evolution of Bandra's Real Estate Landscape

The conversion of independent bungalow properties into modern high-rise luxury towers has become a defining trend across Mumbai's prime coastal precincts. Due to the acute shortage of vacant land in established neighborhoods like Bandra, developers must rely on redeveloping older housing societies or acquiring private bungalow plots to create new luxury residential inventory.

This project highlights the sustained market appetite for high-ticket luxury real estate in core Mumbai locations. Developers remain willing to commit significant resources to secure prime addresses where end-user demand remains resilient despite broader macroeconomic shifts.

Market Implications for Buyers and Investors

This transaction carries several key implications for the Mumbai luxury property ecosystem:

• Benchmark Pricing: An estimated revenue potential of Rs 1,500 crore underlines the strong pricing power maintained by prime Bandra West properties.
• Supply Scarcity: Ultra-luxury inventory along established Bandra roads like Perry Cross Road remains tightly constrained, ensuring strong interest upon project launch.
• Urban Transformation: The shift from horizontal bungalow layouts to high-density vertical towers reflects the ongoing urban redevelopment across Mumbai's prime coastal stretches.

Key Takeaways

• Location: Perry Cross Road, Bandra West, Mumbai.
• Site Area: One-acre plot currently accommodating two Parsi-owned bungalows.
• Developer: Supreme Universal.
• Planned Development: Two luxury residential towers.
• Estimated Revenue Potential: Rs 1,500 crore.