Oberoi, Shree Naman Bid For Bandra East Rail Land
Real Estate

Oberoi, Shree Naman Bid For Bandra East Rail Land

Shree Naman Developers and Oberoi Realty have emerged as the only eligible bidders for the high-value Bandra East railway land parcel being leased for commercial development by the Railway Land Development Authority, according to real estate industry sources.

Bids for the plot were opened on January 8. While eight developers had submitted applications, only two met the eligibility criteria, sources said. Both Shree Naman Developers and Oberoi Realty have now qualified for the next stage of technical evaluation.

The RLDA is offering a 99-year lease for commercial development of around 45,371 sq metres of railway land at Bandra East, located adjacent to the Western Express Highway in Mumbai. Given its strategic location and development potential, the parcel has attracted strong interest from leading real estate players.

A developer associated with one of the bidders said the site’s connectivity and market prospects were key factors behind participation in the auction. The Bandra East plot carries a reserve price of Rs 53.65 billion and is expected to rank among the most expensive real estate transactions in Mumbai if the lease is finalised.

The Bandra East parcel is one of three railway land plots offered by the RLDA. The remaining two parcels, located at Supari Baug Colony in Parel and at Mahalaxmi, have already attracted bids from Dineshchandra R. Agrawal Infracon.

RLDA aims to generate non-fare revenue for Indian Railways while encouraging private sector participation in urban redevelopment. The long-term leasing model is designed to unlock the value of prime railway land, support infrastructure funding and enable planned commercial development in major cities.

Shree Naman Developers and Oberoi Realty have emerged as the only eligible bidders for the high-value Bandra East railway land parcel being leased for commercial development by the Railway Land Development Authority, according to real estate industry sources. Bids for the plot were opened on January 8. While eight developers had submitted applications, only two met the eligibility criteria, sources said. Both Shree Naman Developers and Oberoi Realty have now qualified for the next stage of technical evaluation. The RLDA is offering a 99-year lease for commercial development of around 45,371 sq metres of railway land at Bandra East, located adjacent to the Western Express Highway in Mumbai. Given its strategic location and development potential, the parcel has attracted strong interest from leading real estate players. A developer associated with one of the bidders said the site’s connectivity and market prospects were key factors behind participation in the auction. The Bandra East plot carries a reserve price of Rs 53.65 billion and is expected to rank among the most expensive real estate transactions in Mumbai if the lease is finalised. The Bandra East parcel is one of three railway land plots offered by the RLDA. The remaining two parcels, located at Supari Baug Colony in Parel and at Mahalaxmi, have already attracted bids from Dineshchandra R. Agrawal Infracon. RLDA aims to generate non-fare revenue for Indian Railways while encouraging private sector participation in urban redevelopment. The long-term leasing model is designed to unlock the value of prime railway land, support infrastructure funding and enable planned commercial development in major cities.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code