The Mumbai Metropolitan Region Development Authority (MMRDA) has called for bids on a prime commercial plot measuring 10,860 sq m, or 2 acres, located in Wadala, with a reserve price set at Rs 1,629 crore.
The authority aims to monetize land situated outside the Bandra-Kurla Complex (BKC), where the majority of parcels have been utilized. This plot provides a permissible built-up area of 1,08,600 sq m and a floor space index (FSI) of 10, and is being leased to create new revenue streams.
The deadline for bid submissions is January 7, 2026. This tender represents MMRDA’s initial significant initiative to unlock the commercial potential of the Wadala Notified Area, which is envisioned as Mumbai’s third central business district (CBD) following BKC and Nariman Point.
The objective is to enhance non-fare revenue to finance extensive infrastructure projects throughout the Mumbai Metropolitan Region. Initially, the Maharashtra government leased 126.6 hectares in Wadala to MMRDA in 1984 for a truck terminal project aimed at alleviating congestion in south Mumbai. Subsequently, MMRDA developed a four-phase layout, with the first phase approved by the BMC in 1986.
After being designated as the Special Planning Authority for the area in 2005, MMRDA formulated new planning proposals and Development Control Regulations (DCRs), which were sanctioned in 2010 with a global FSI of 4. In the same year, an empowered committee resolved to relocate the truck terminal to Mankhurd or beyond the city limits and to redevelop Wadala into a business district.
Considering essential transport links — including the Monorail, Metro Line 4, the proposed Inter-State Bus Terminal, Anik Bus Depot, and the Eastern Freeway — MMRDA updated the layout master plan. The state government approved these modifications in 2019, facilitating Wadala’s evolution into a commercial hub modeled after BKC.
Wadala’s strategic position between the Eastern Freeway and Atal Setu provides it with multimodal connectivity through rail, metro, and road networks. Real estate analysts anticipate robust investor interest, particularly following Sumitomo’s Rs 2,238-crore deal for a BKC plot earlier this year.
With BKC’s land bank nearly depleted, MMRDA’s Wadala CBD push signals the next wave of commercial expansion in Mumbai, potentially reshaping the city’s business geography.
