BENGALURU, Jan. 7 -- Bandra Bay, pegged to be the next real estate luxury hotspot in Mumbai, will witness a project-launching spree of high-end residential towers from top developers in the coming months.

The waterfront location, close to the business district of Bandra-Kurla Complex (BKC) and suburban Bandra, is emerging as a new premium address expected to attract high-net worth individuals and non-resident Indians (NRIs) alike.

City developer Hiranandani Communities is set to unveil a luxury high-rise project this month, while Adani Properties will launch the first phase of a 20-acre mixed-use development in the area this quarter.

"Bandra Bay represents one of Mumbai's most compelling emerging luxury waterfront micro-markets. Its st...