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RLDA Opens Bidding for Three Mumbai Plots on 99-Year Revenue-Share Leases

The move targets roughly Rs 8,000 crore from centrally located sites near major rail corridors.

For the plot opposite the racecourse at Mahalaxmi, the base price has been set at ₹993 crore (Hindustan Times)
Image
Representational image of vacant land belonging to the railways | X/@Indianinfoguide

Overview

  • Parcels at Bandra East, Mahalaxmi and Supari Baug Colony in Parel are on offer with a combined reserve price of about Rs 8,092 crore.
  • Individual reserve prices are set at Rs 5,365 crore for Bandra East, Rs 1,734 crore for Parel and Rs 993.30 crore for Mahalaxmi.
  • Permissible FSI is 4.0 at Bandra East and 4.05 at the Mahalaxmi and Parel sites under 99-year leases.
  • Pre-bid meetings are scheduled for September 23, 2025, with online bid deadlines on November 12 for Bandra East and Mahalaxmi and November 3 for Parel.
  • An unnamed RLDA official told ThePrint that minimum revenue-share rates are 45% for Bandra East, 35% for Mahalaxmi and 30% for Parel, while developers must handle construction and all clearances.