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RLDA invites bids for 10,801 sqm prime land parcel in Mumbai’s Mahalaxmi for residential and commercial development

The Rail Land Development Authority (RLDA), a statutory authority under the Ministry of Railways, has invited proposals for the grant of lease for residential and commercial development of approximately 10,801.70 sqm of railway land in Mahalaxmi, Mumbai. The lease will be offered for 99 years, opening up one of the city’s most lucrative redevelopment opportunities.

📍 Key Details of the Tender

  • Location: Mahalaxmi, Mumbai
  • Site Area: 10,801.70 sqm
  • Permissible FSI: 4.05
  • Reserve Price (NPV): ₹993.30 crore
  • Revenue Share (Minimum): 35%

The project is expected to attract major real estate players given the prime location and scale of development potential.

🗓 Important Dates

  • E-bid document download begins: August 22, 2025 (18:00 hrs)
  • Pre-bid meeting: September 9, 2025 (11:30 hrs, offline)
  • Last date for queries: September 12, 2025 (16:00 hrs)
  • Replies to queries & amendments: September 19, 2025 (18:00 hrs)
  • E-bid submission deadline: October 14, 2025 (14:00 hrs)
  • Opening of e-bids: October 14, 2025 (15:30 hrs)

💰 Fees & Security Deposit

  • Registration Charges: ₹2,500 (non-refundable)
  • Bid Processing Fee: 0.05% of Reserve Price (₹550 – ₹5,000 + GST cap)
  • Bid Document Fee: ₹1,18,000 (including GST)
  • Bid Security: ₹5 crore

📞 Contact Points

For project details, bidders may contact:

Additional consultant details and tender support contacts are available in the RFP document.

🏗 Why This Matters

The Mahalaxmi parcel sits in the heart of Mumbai, one of India’s most expensive and supply-constrained real estate markets. With a reserve price of nearly ₹1,000 crore and a mandatory revenue share component, this tender underscores Indian Railways’ push to monetize prime urban land and create mixed-use developments.

Industry experts expect intense competition among leading developers, with the project likely to shape Mumbai’s real estate landscape in the coming years.

Also Read: MHADA To Hold Street Plays, Stall at Railway Station To Get buyers for Homes

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