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.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..