+
MMRCL to Monetise Land Along Metro Line 3 for Revenue Growth
RAILWAYS & METRO RAIL

MMRCL to Monetise Land Along Metro Line 3 for Revenue Growth

The Mumbai Metro Rail Corporation (MMRCL) is set to monetise 12,491 sq m of land spread across Byculla, Marol, Mahim, and Dharavi along the Metro Line 3 corridor. This initiative will be executed through joint ventures, public-private partnerships (PPP), or outright sales, aligning with MMRCL’s broader strategy of optimising land use and generating revenue to support metro expansion.

Earlier, MMRCL attempted to auction a prime 4.2-acre Nariman Point plot but later cancelled the tender after the Reserve Bank of India (RBI) expressed interest in acquiring the land for its headquarters expansion. In the latest development, MMRCL has invited financial bids from empanelled consultants to oversee the monetisation process, ensuring efficient transaction structuring and regulatory compliance.

Among the identified sites, Byculla’s Jacob Circle plot spans 37,838 sq. ft., out of which 15,047 sq ft remains net developable post road-widening. This land will be jointly developed with the Home Guard and Police Department, enhancing urban infrastructure while ensuring optimal land utilisation.

The Mahim site at Nayanagar, cleared of encumbrances, has been earmarked for institutional use as per Mumbai’s Development Plan 2034. Meanwhile, at Marol Naka, MMRCL envisions a 10-storey commercial structure atop an 895.5-sq m plot above the Metro station, to be executed under a PPP model. Similarly, in Dharavi, a 420-sq m parcel is available for development, forming part of a larger 4,805-sq m area occupied by metro infrastructure.

To ensure a structured and transparent approach, transaction advisors will play a crucial role in deal structuring, financial appraisals, and managing the bidding process. This will help attract the right investment partners while maximising financial returns for MMRCL.

Market Outlook With Mumbai's infrastructure growth accelerating, transit-oriented development (TOD) has gained prominence as a viable revenue stream for urban transport agencies. MMRCL’s monetisation initiative aligns with global best practices, where metro authorities leverage real estate assets to fund network expansion. The success of these transactions could set a precedent for future public transport-linked real estate developments, reinforcing Mumbai’s position as a rapidly evolving urban hub.

The Mumbai Metro Rail Corporation (MMRCL) is set to monetise 12,491 sq m of land spread across Byculla, Marol, Mahim, and Dharavi along the Metro Line 3 corridor. This initiative will be executed through joint ventures, public-private partnerships (PPP), or outright sales, aligning with MMRCL’s broader strategy of optimising land use and generating revenue to support metro expansion. Earlier, MMRCL attempted to auction a prime 4.2-acre Nariman Point plot but later cancelled the tender after the Reserve Bank of India (RBI) expressed interest in acquiring the land for its headquarters expansion. In the latest development, MMRCL has invited financial bids from empanelled consultants to oversee the monetisation process, ensuring efficient transaction structuring and regulatory compliance. Among the identified sites, Byculla’s Jacob Circle plot spans 37,838 sq. ft., out of which 15,047 sq ft remains net developable post road-widening. This land will be jointly developed with the Home Guard and Police Department, enhancing urban infrastructure while ensuring optimal land utilisation. The Mahim site at Nayanagar, cleared of encumbrances, has been earmarked for institutional use as per Mumbai’s Development Plan 2034. Meanwhile, at Marol Naka, MMRCL envisions a 10-storey commercial structure atop an 895.5-sq m plot above the Metro station, to be executed under a PPP model. Similarly, in Dharavi, a 420-sq m parcel is available for development, forming part of a larger 4,805-sq m area occupied by metro infrastructure. To ensure a structured and transparent approach, transaction advisors will play a crucial role in deal structuring, financial appraisals, and managing the bidding process. This will help attract the right investment partners while maximising financial returns for MMRCL. Market Outlook With Mumbai's infrastructure growth accelerating, transit-oriented development (TOD) has gained prominence as a viable revenue stream for urban transport agencies. MMRCL’s monetisation initiative aligns with global best practices, where metro authorities leverage real estate assets to fund network expansion. The success of these transactions could set a precedent for future public transport-linked real estate developments, reinforcing Mumbai’s position as a rapidly evolving urban hub.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?