Real estate in Mumbai has been on an upswing in the last three to four years, and continues to display tremendous potential. A multitude of factors including increasing urbanisation, rising disposable income, easy availability of finance and favourable tax regime have backed the development of real estate in the city. With the demand for housing in Mumbai high and shortage of land to meet the rising demand, the city’s western suburb Bandra could see availability of close to 60 acres of real estate for development. The residents of the Maharashtra government’s employee staff quarters have suggested that government redevelop the colony spread across 96 acres. The relocating of existing staff in the multi-storey buildings will require 25-30 acres of land while the government can exploit the rest for further development. The project will also fetch additional revenue to the government that is spending Rs 15-20 crore on annual maintenance. If the approval for the project is granted it would result in a significant supply of real estate in Bandra, which would inturn attract corporate houses to set up new offices .According to the industry experts, the real estate rates at Bandra-Kurla Complex have jumped 100 per cent in the last three years. The additional of piece of land will have huge impact of the area’s realty considering the strategic position of the colony. The specific assessment is not possible as the project will take time to come up if approved. The staff has already paid the cost of the houses through the HRA deductions and it is impossible to buy new houses at such high realty prices. With such developments taking place there is no chance for the real estate growth in Mumbai to come down.