Up next
Tags

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

SHARE ON
TwitterWhatsappFacebookBufferLinkedInPin It
You May Also Like
MahaRERA

MahaRERA Case Disposal Drops By 6%

–          23% or 6,690 projects registered with the MahaRERA ready –          1% or 360…
MHADA

MHADA Receives Over 50,000 Applications for 2030 Homes in Mumbai Lottery; Deadline Extended

MHADA’s housing lottery for 2,030 homes in Mumbai has received over 50,000 applications, with the deadline extended to September 19. The authority has also reduced prices for 370 units.
  • admin
  • September 4, 2024
  • 2 minute read
Home-buying preferences change post Covid, witness new trends

Construction work resumes at non-hotspot zones, MMR not to benefit

Construction work will resume in non hotspot Covid 19 zones. However, MMR…
Real estate stocks opened under pressure on April 9 as Indian markets slipped after a sharp rally. While select large developers showed resilience, broader selling in mid-cap realty stocks points to a volatile and range-bound session ahead.

Realty Stocks See Selective Buying as Markets Open Higher; Sector Remains Range-Bound

Real estate stocks opened on a cautious note despite a strong start in Indian markets. While large developers showed resilience, broader sector sentiment remains weak, pointing to a range-bound and stock-specific trading session ahead.