The Rail Land Development Authority (RLDA) has announced the invitation for electronic bids concerning the long-term leasing of valuable railway land throughout Mumbai for both residential and commercial purposes.
The available sites comprise a 10,801 square meter plot in Mahalaxmi, a 23,047 square meter plot in Parel, and a 45,371 square meter plot in Bandra (East), each with a lease duration of 99 years. The respective reserve prices for these sites are Rs 993 crore, Rs 1,734 crore, and Rs 5,365 crore.
All locations are strategically situated near significant business centers and transportation networks, rendering them highly appealing to developers. The deadlines for submitting bids for the Mahalaxmi and Parel sites are set for October 14 and November 3, respectively, while the deadline for the Bandra (East) site is November 12. At the Mahalaxmi location, the Floor Space Index (FSI) is 4.05.
It boasts excellent connectivity via Dr E Moses Road and Shakti Mill Lane and is positioned adjacent to the railway line near Mahalaxmi station. An RLDA official remarked, “The site is conveniently located near the Science Centre Metro station and provides outstanding access to business areas such as Lower Parel, Nariman Point, and BKC.” Similarly, the FSI for the Parel site, located at Supari Baug Colony, is also 4.05. An official indicated that the site is easily reachable from the main 36-meter-wide arterial road (Ambedkar Marg). “The land has a clear title and is free from encumbrances such as encroachments,” the official stated. “It is conveniently accessible to key business hubs like Parel, Lower Parel, and Nariman Point, and is in close proximity to established residential micro-markets and the central business district of Mumbai.”
The final date for bid submissions for this plot is November 3. For the third site in Bandra (East), adjacent to the Western Express Highway, the FSI is 4. “This plot is well-connected via Station Road, which will enhance foot traffic for the commercial spaces, shops, and restaurants that can be developed here.
Proposed connectivity to the Western Express Highway is in place, and it is located just 300-500 meters from the east side of Bandra station. Additionally, it is approximately 1.5-2 kilometers from an upcoming Metro station, making it ideal for office and retail access,” an official commented.The plot, which is free from encumbrances and with negligible vegetation, is close to key commercial hubs such as BKC and Andheri-Kurla Road, he said.
