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.
