Realty

Vidhan Bhawan Metro: 4.2 Acres of Prime Land in Nariman Point to Be Auctioned by MMRCL

MMRCL plans to auction a 4.2-acre plot in Nariman Point, adjacent to the Vidhan Bhawan Metro station, with an estimated value of over ₹2,000 crore and significant development potential.

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Developer Offers 4 Flats in Festive Lucky Draw

Mumbai Metro Rail Corporation Limited (MMRCL) is set to auction a valuable 4.2-acre plot of land in Nariman Point, located just above the Vidhan Bhawan Metro station. This prime property, part of Mumbai’s original business district, is estimated to be worth over ₹2,000 crore.

In the coming week, MMRCL will issue a global tender for the auction, having appointed a reputable real estate consultancy firm to oversee the process. The site has significant development potential, estimated at around 1.6 million square feet.

Before initiating the auction, MMRCL consulted with leading national and international firms to ensure a successful bidding process stated a report.

Also Read: Auction for recovery of Rs 36 Lac from Developer in Karjat

Realty Stocks Open Firm but Selective; Sector Trails Broader Market Optimism

Real estate stocks opened with mild gains as Indian markets rallied on April 10, 2026. While large developers showed resilience, the sector continues to lag broader indices, pointing to a range-bound and stock-specific trading session ahead.

SquareFeatIndia
April 10, 2026
3 minute read

Realty

Lok Vikas Initiative Connects Dharavi Residents to Government Welfare Schemes

Over 300 residents of Dharavi have gained access to essential government welfare schemes through the Lok Vikas initiative by the Dharavi Social Mission. The programme, which has already delivered medical insurance benefits worth Rs 10 crore, helps local residents overcome barriers like cybercrime concerns and lack of awareness, ensuring they don’t miss out on crucial social protections.

SquareFeatIndia
December 6, 2024
2 minute read

Realty

Century Real Estate Secures ₹450 Crores in Pre-Launch Sales for Codename Built Rare

Century Real Estate has reported ₹450 crores in pre-launch sales for its ultra-luxury project, Codename Built Rare, situated in Indiranagar. Spanning 8.5 acres and featuring 347 high-end residences, the project aims to capitalize on the rising demand for luxury housing in Bengaluru. With construction underway, it is projected to generate total revenue of ₹2,200 crores across two phases.