Mumbai Metro Rail Corporation Limited (MMRCL) is set to auction a valuable 4.2-acre plot of land in Nariman Point, located just above the Vidhan Bhawan Metro station. This prime property, part of Mumbai’s original business district, is estimated to be worth over ₹2,000 crore.
In the coming week, MMRCL will issue a global tender for the auction, having appointed a reputable real estate consultancy firm to oversee the process. The site has significant development potential, estimated at around 1.6 million square feet.
Before initiating the auction, MMRCL consulted with leading national and international firms to ensure a successful bidding process stated a report.
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