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bandra east

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Oberoi Realty has won the bid for an 11-acre prime railway plot in Bandra East at ₹5,400 crore NPV, offering massive development scope with 19.50 lakh sq ft FSI over a 99-year lease from RLDA. Upfront payment ₹495 crore, balance via 45% revenue share.

Oberoi Realty Wins Highest Bid of ₹5,400 Crore for 11-Acre Railway Land in Mumbai’s Bandra East

Oberoi Realty has won the bid for an 11-acre prime railway plot in Bandra East at ₹5,400 crore NPV, offering massive development scope with 19.50 lakh sq ft FSI over a 99-year lease from RLDA. Upfront payment ₹495 crore, balance via 45% revenue share.
Meta Description Indian Railways is monetizing nearly 20 acres of prime land in Mumbai's Bandra East, Parel, and Mahalaxmi

Railways to Monetise Nearly 20 Acres of Prime Mumbai Land for Over ₹8,092 Crore

The Indian Railways’ Rail Land Development Authority (RLDA) is set to transform Mumbai’s urban landscape by monetizing close to 20 acres of prime railway land in Bandra East, Parel, and Mahalaxmi. This ambitious project, with a targeted value of over ₹8,092 crore, is designed to create a significant non-tariff revenue stream for the railways while injecting a much-needed supply of new commercial and residential properties into Mumbai’s perpetually constrained real estate market. Offered on a long-term, 99-year lease, the initiative aims to attract leading developers through a transparent e-tendering process, signaling a major step in unlocking the value of railway assets for urban growth and infrastructure modernization.
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Agami Realty forays into Mumbai’s upscale Real Estate market, inks pact to redevelop MHADA Society in Bandra

Agami Realty forays into Mumbai’s upscale Real Estate market, inks pact to…