By Mewati Sitaram
The listing of The Leela Palaces, Hotels and Resorts, operating under Schloss Bangalore Ltd, on the NSE has marked a promising beginning for the company. Shortly after its market debut, The Leela received a significant boost with the allotment of a prime plot in Mumbai’s Bandra-Kurla Complex (BKC) for the development of a luxury hotel — a strategic move that deepens its presence in the city’s upscale hospitality sector.
With this expansion, The Leela joins the ranks of prominent Indian and global luxury hotel brands in BKC, further cementing the district’s status as Mumbai’s premier business and lifestyle hub.
The allotment, made by the Mumbai Metropolitan Region Development Authority (MMRDA), marks The Leela’s expansion into one of the city’s most prestigious commercial districts. The move is expected to further elevate BKC’s status as a hub for premium business and hospitality infrastructure.
Sources close to the development confirmed that the parcel of land, strategically located near key financial institutions and consulates, will host a flagship Leela property designed to cater to high-end business travelers and global tourists alike.
Industry experts see the allotment as a boost to Mumbai’s premium hotel inventory, especially in a post-pandemic landscape where demand for upscale accommodations is rebounding strongly.
The Leela’s foray into BKC comes on the heels of its recent stock market debut and is seen as part of its broader growth strategy backed by Brookfield Asset Management. Construction is expected to begin soon, with the project slated for completion within the next few years.
“The Leela Group has secured the plot at a highly strategic moment,” said a senior MMRDA official on the condition of anonymity. “BKC continues to draw strong interest from top hotel chains due to its reputation as one of the most prestigious and high-demand business districts in India. With global corporations, major consulates, key government offices, banks, and financial institutions already established in the area, the potential for growth in the hospitality sector is substantial.”
The official further added that the upcoming transformation of nearby Dharavi into a major commercial hub is expected to accelerate business growth across various sectors. “BKC will also host the main terminal of India’s first bullet train and is already a critical junction on the Mumbai Metro network. With seamless metro connectivity to the upcoming Navi Mumbai International Airport, accessibility will be a major advantage for businesses and travelers alike.”
Editor in Chief : Mewati SItaram
