MMRDA to lease three BKC plots in Mumbai, raising Rs 6.56 billion

14 Oct 2024 CW Team

The largest plot, situated in G Block, spans 52,138 square meters and is designated for the construction of a world-class clubhouse and sports facility. MMRDA has set a reserve price of Rs 1.68 billion for this plot, with a permissible built-up area of 10,427 square meters. The planned clubhouse will feature suites, conference rooms, an auditorium, a restaurant, and a gymnasium, as well as various indoor and outdoor sports amenities. The outdoor facilities will include a swimming pool, tennis court, cricket nets, football ground, basketball court, and a 400-meter running track. The project will also include basement parking and other related services.

In the GTxT Block, a second plot measuring 10,026 square meters has been allocated for the construction of a hospital. The reserve price for this plot is approximately Rs 3.23 billion, with a built-up area of 20,052 square meters.

The third plot, also located in the GTxT Block, covers 5,118 square meters and is designated for an educational institution. The reserve price for this plot is Rs 1.64 billion, with a permissible built-up area of 10,235 square meters.

BKC, a 19-hectare commercial hub developed by MMRDA, is home to several corporate and government offices, including the National Stock Exchange, the Securities and Exchange Board of India, and the US Consulate. It also hosts the Mumbai Cricket Association, Jio World Drive, and the Nita Mukesh Ambani Cultural Centre, making it a prime location for these forthcoming developments.

For over two decades, MMRDA has financed public projects by raising substantial funds through the auctioning of plots in BKC, primarily for commercial purposes.

The Mumbai Metropolitan Region Development Authority (MMRDA) aims to raise Rs 6.56 billion by leasing three prime plots in the Bandra-Kurla Complex (BKC) for key infrastructure projects, including the development of a clubhouse with sports facilities, a hospital, and an educational institution. These plots are available for an 80-year lease, and the deadline for submitting bids is November 25. The largest plot, situated in G Block, spans 52,138 square meters and is designated for the construction of a world-class clubhouse and sports facility. MMRDA has set a reserve price of Rs 1.68 billion for this plot, with a permissible built-up area of 10,427 square meters. The planned clubhouse will feature suites, conference rooms, an auditorium, a restaurant, and a gymnasium, as well as various indoor and outdoor sports amenities. The outdoor facilities will include a swimming pool, tennis court, cricket nets, football ground, basketball court, and a 400-meter running track. The project will also include basement parking and other related services. In the GTxT Block, a second plot measuring 10,026 square meters has been allocated for the construction of a hospital. The reserve price for this plot is approximately Rs 3.23 billion, with a built-up area of 20,052 square meters. The third plot, also located in the GTxT Block, covers 5,118 square meters and is designated for an educational institution. The reserve price for this plot is Rs 1.64 billion, with a permissible built-up area of 10,235 square meters. BKC, a 19-hectare commercial hub developed by MMRDA, is home to several corporate and government offices, including the National Stock Exchange, the Securities and Exchange Board of India, and the US Consulate. It also hosts the Mumbai Cricket Association, Jio World Drive, and the Nita Mukesh Ambani Cultural Centre, making it a prime location for these forthcoming developments. For over two decades, MMRDA has financed public projects by raising substantial funds through the auctioning of plots in BKC, primarily for commercial purposes.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Real Estate

09 Mar 2026

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Real Estate

09 Mar 2026

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..