RLDA Gets Record Rs 22.5bn Bid For Mahalaxmi Rail Land

31 Dec 2025 CW Team

The land parcel, measuring about 10,801 sq metres, was offered on a revenue-share model with a lease tenure of 99 years. The reserve price for the plot was fixed at Rs 9.93 billion, with a permissible floor space index (FSI) of 4.05.

The auction attracted strong participation from leading real estate developers, reflecting sustained demand for well-located urban land parcels. Dineshchandra R Agrawal Infracon Pvt Ltd emerged as the highest bidder with an offer of Rs 22.5 billion. Sobha Realty quoted Rs 12.32 billion, while the Lodha Group submitted a bid of Rs 11.61 billion. Officials said the bids have been opened, but the final selection will be made after detailed evaluation of technical and financial feasibility.

Located along the railway line near Mahalaxmi railway station, the land parcel enjoys strong connectivity via Dr E Moses Road and Shakti Mill Lane. It is also close to the Science Centre Metro Station and offers access to key commercial and business districts in south and central Mumbai.

Real estate experts said the bidding response highlights developers’ focus on premium land parcels with long-term development potential. A senior consultant said the transaction underscores the willingness of developers to commit significant capital for strategically located railway land with clear development norms and long lease tenure.

Another industry analyst noted that the wide gap between the reserve price and the highest bid signals strong confidence in Mumbai’s prime micro-markets. With limited land availability and robust connectivity, Mahalaxmi remains attractive for both residential and mixed-use developments, driving aggressive bidding, the analyst added.

Officials said the outcome reinforces RLDA’s strategy of monetising railway land assets through transparent bidding mechanisms and long-term leases, while maximising value from prime urban locations.

The Railway Land Development Authority (RLDA) has received its highest-ever bid of Rs 22.5 billion for a 2.67-acre railway land parcel at Mahalaxmi in south Mumbai, setting a new benchmark for long-term lease auctions in the city’s real estate market. The land parcel, measuring about 10,801 sq metres, was offered on a revenue-share model with a lease tenure of 99 years. The reserve price for the plot was fixed at Rs 9.93 billion, with a permissible floor space index (FSI) of 4.05. The auction attracted strong participation from leading real estate developers, reflecting sustained demand for well-located urban land parcels. Dineshchandra R Agrawal Infracon Pvt Ltd emerged as the highest bidder with an offer of Rs 22.5 billion. Sobha Realty quoted Rs 12.32 billion, while the Lodha Group submitted a bid of Rs 11.61 billion. Officials said the bids have been opened, but the final selection will be made after detailed evaluation of technical and financial feasibility. Located along the railway line near Mahalaxmi railway station, the land parcel enjoys strong connectivity via Dr E Moses Road and Shakti Mill Lane. It is also close to the Science Centre Metro Station and offers access to key commercial and business districts in south and central Mumbai. Real estate experts said the bidding response highlights developers’ focus on premium land parcels with long-term development potential. A senior consultant said the transaction underscores the willingness of developers to commit significant capital for strategically located railway land with clear development norms and long lease tenure. Another industry analyst noted that the wide gap between the reserve price and the highest bid signals strong confidence in Mumbai’s prime micro-markets. With limited land availability and robust connectivity, Mahalaxmi remains attractive for both residential and mixed-use developments, driving aggressive bidding, the analyst added. Officials said the outcome reinforces RLDA’s strategy of monetising railway land assets through transparent bidding mechanisms and long-term leases, while maximising value from prime urban locations.

Technology

03 Jun 2026

Siemens Launches Intelligence Center X for AI

Siemens has launched Intelligence Center X, an industrial AI orchestration software designed to help organisations move from isolated AI pilots to scalable business impact. The software enables people and AI agents to work together through shared context, workflows and lifecycle intelligence.Part of Siemens Xcelerator, Intelligence Center X connects industrial data, models and workflows on a governed foundation, allowing companies to deploy AI-driven applications and agents with traceability and control. It combines the Mendix low-code platform with Siemens’ Graph Studio and AI Studio softwa..

Infrastructure Energy

03 Jun 2026

DIPA Adds Gruner Renewable Energy as Member

The Digital Infrastructure Providers Association (DIPA) has onboarded Gruner Renewable Energy as a new member to support the integration of green energy solutions into India’s telecom and digital infrastructure ecosystem.DIPA, India’s apex industry body for digital infrastructure providers and a key stakeholder under the National Broadband Mission 2.0 of the Department of Telecommunications, said the partnership aligns with its vision of building a zero-carbon and future-ready ecosystem.India’s telecom sector is among the country’s most energy-intensive industries, with towers, fibre n..

Real Estate

03 Jun 2026

Central Goa Sees Real Estate Growth Momentum

MVPM’s KirtiShree Kabra Vidyalaya, a CBSE school backed by the KirtiShree Kabra Foundation, was formally inaugurated at the Laxminarayan Mandir Educational Campus in Solapur. The school will begin operations from Nursery to Grade 7 in June 2026, with phased expansion planned up to Grade 12.The campus includes modern facilities such as a Communication Lab, Science Experience Centre, STREAM Lab covering AI-ML, robotics, drone technology and AR/VR, Astronomy and ISRO Lab, podcast room, advanced classrooms, kindergarten based on a Finnish curriculum approach, sports complex, NPAV Sports Ground, ..