Browsing Tag

MMRDA

17 posts

NSE to Build New HQ on ₹757.90 Crore Land in BKC Allotted by MMRDA

The National Stock Exchange of India is set to expand its footprint in Mumbai as MMRDA allots Plot C-82 in BKC for ₹757.90 crore. The new administrative headquarters will further strengthen BKC’s status as a premier financial district.
BKC

MMRDA’s BKC Plot Auction Fetches Record-Breaking Prices: Sumitomo and Brookfield Secure Prime Land

The Mumbai Metropolitan Region Development Authority (MMRDA) has set a new record with its latest land auction in Bandra-Kurla Complex (BKC), fetching prices well above the reserve rate. Sumitomo Corporation acquired two prime plots at ₹4,82,000 per square meter, while Brookfield secured another at ₹3,87,000 per square meter. This historic auction highlights BKC’s growing demand among global investors and reinforces Mumbai’s status as a premier commercial hub.
Maharashtra Government Allocates Rs. 19.50 Crore for Mumbai Metro Line-5 Project

Maharashtra Government Allocates Rs 19.50 Crore for Mumbai Metro Line-5 Project

The Maharashtra Government has sanctioned ₹19.50 crore as a soft loan for the Mumbai Metro Line-5 (Thane-Kalyan-Bhiwandi) project under MMRDA. This funding aims to accelerate metro construction, improve urban transport connectivity, and facilitate economic growth in the region. The government has allocated this amount under the 2024-25 budget, ensuring smoother execution of this crucial infrastructure project.
Double-Decker Flyover Inaugurated in Mira Bhayander to Improve Connectivity

Double-Decker Flyover Inaugurated in Mira Bhayander to Improve Connectivity

MMRDA has inaugurated a double-decker flyover in Mira Bhayander as part of Metro Line-9, designed to decongest major traffic bottlenecks and improve road connectivity. Built with a shared pier structure, the 850-meter-long flyover enhances urban mobility by integrating metro and road transport. The project is expected to reduce travel time, improve traffic flow, and support sustainable transport solutions in one of Mumbai’s fastest-growing suburbs.
MMRDA Allocates Land to NPCI in BKC for Global Headquarters

MMRDA Allocates Land to NPCI in BKC for Global Headquarters

MMRDA has allocated land in Bandra Kurla Complex (BKC) to NPCI for its global headquarters, reinforcing Mumbai’s role as a fintech and digital payments hub. The headquarters will drive advancements in AI-driven financial services, cybersecurity, and blockchain, attracting startups and investors. This move aligns with India’s growing dominance in digital transactions and ensures continued leadership in global payment solutions.