Indian Railways to Monetise Mumbai Land to Raise Rs 80 Billion
RAILWAYS & METRO RAIL

Indian Railways to Monetise Mumbai Land to Raise Rs 80 Billion

The Indian Railways, via its land development arm, the Rail Land Development Authority (RLDA), is set to raise at least Rs 80 billion by leasing key land parcels in Mumbai’s real estate market. The authority aims to monetise around 25 acres across four prime locations in the financial capital.
1) Bandra West Staff Quarters (5–6 acres)
The Bandra West plot, spanning five acres, currently houses railway staff quarters built in 1955. RLDA plans to relocate staff into a 25-storey high-rise and monetise the remaining land for commercial development. Details such as reserve price, lease tenure, and permissible Floor Space Index (FSI) are being finalised.
2) Mahalaxmi (2.66 acres)
Bids have been floated for a 2.66-acre plot near Mahalaxmi railway station, with an FSI potential of 4.0. RLDA expects to raise nearly Rs 10 billion through a 99-year lease, with options for residential and commercial development.
3) Parel (5.69 acres)
The Parel plot, offered on a 99-year lease, has a residential development potential with an FSI of 4.05. The lease is expected to generate over Rs 17 billion for the rail authority.
4) Bandra East (11.2 acres)
The largest parcel, located outside Bandra East railway station, spans 11.2 acres. RLDA aims to raise over Rs 53 billion by leasing this land, earmarked for commercial development with an FSI of 4.0.
These strategic leases reflect Indian Railways’ push to monetise valuable land assets while boosting Mumbai’s real estate landscape. 

The Indian Railways, via its land development arm, the Rail Land Development Authority (RLDA), is set to raise at least Rs 80 billion by leasing key land parcels in Mumbai’s real estate market. The authority aims to monetise around 25 acres across four prime locations in the financial capital.1) Bandra West Staff Quarters (5–6 acres)The Bandra West plot, spanning five acres, currently houses railway staff quarters built in 1955. RLDA plans to relocate staff into a 25-storey high-rise and monetise the remaining land for commercial development. Details such as reserve price, lease tenure, and permissible Floor Space Index (FSI) are being finalised.2) Mahalaxmi (2.66 acres)Bids have been floated for a 2.66-acre plot near Mahalaxmi railway station, with an FSI potential of 4.0. RLDA expects to raise nearly Rs 10 billion through a 99-year lease, with options for residential and commercial development.3) Parel (5.69 acres)The Parel plot, offered on a 99-year lease, has a residential development potential with an FSI of 4.05. The lease is expected to generate over Rs 17 billion for the rail authority.4) Bandra East (11.2 acres)The largest parcel, located outside Bandra East railway station, spans 11.2 acres. RLDA aims to raise over Rs 53 billion by leasing this land, earmarked for commercial development with an FSI of 4.0.These strategic leases reflect Indian Railways’ push to monetise valuable land assets while boosting Mumbai’s real estate landscape. 

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?