MMRDA Secures ₹3,840.50 Crore from BKC Land Leases

Japanese firm Sumitomo and Schloss Bangalore-led consortium win bids for three commercial plots, exceeding reserve prices by up to 40%.

The Mumbai Metropolitan Region Development Authority (MMRDA) finalized the auction of three Kurla Complex (BKC) plots, generating ₹3,840.50 crore in revenue.
Goisu Realty Pvt. Ltd (Sumitomo) won two plots, C-13 and C-19, with bids 39.61% and 40.20% above reserve prices, marking its fourth investment in BKC.
A consortium led by Schloss Bangalore Ltd secured the third plot, C-80, with a bid 12.34% above the reserve price.
The three plots, with a combined permissible built-up area of over 86,000 square meters, will be leased for 80 years.
Proceeds from the leases will fund critical infrastructure projects across the Mumbai Metropolitan Region, reinforcing BKC's status as a premier business hub.