BackECONOMY
MMRDA puts nine BKC plots on the block, aims to raise ₹9,284 crore
The MMRDA announced a tender to lease nine plots in Bandra Kurla Complex, with an overall area of about 53,461 sq m and reserve prices set for commercial and residential BUAs. Bids close on June 25, 2026, with a pre-bid meeting on May 25, 2026, following two April 2026 allotments in G block to an hospital and an educational group.
Why It Matters
The tender is seen as a key move for MMRDA to generate non-fare revenue to fund major infrastructure projects and reduce borrowings from financial institutions.
Timeline
5 Events
Bid submission deadline for nine BKC plots
June 25, 2026
Bids for the nine BKC plots must be submitted by June 25, 2026.
Pre-bid meeting for tender scheduled
May 25, 2026
A pre-bid meeting for the tender is scheduled on May 25, 2026.
Tender for nine BKC plots announced
May 11, 2026
MMRDA floated a tender for nine plots in Bandra Kurla Complex's G block, covering about 53,461 sq m (roughly 13 acres). Five commercial plots carry a reserve price of ₹4,82,992 per sq m built-up area (BUA), while four residential plots have a reserve price of around ₹3,52,008 per sq m BUA. The total permissible BUA is 212,764 sq m (137,076 sq m commercial; 75,688 sq m residential). The largest plot is C75 with a reserve price of ₹1,432.55 crore. Bids are to be submitted by June 25, with a pre-bid meeting on May 25.
DY Patil Education Group allotted G block plot
April 2026
A 5,117.85-square-meter plot in G block of BKC was allotted to DY Patil Education Group for an educational institute.
Jupiter Lifeline Hospitals allotted G block plot
April 2026
A 10,026.44-square-meter plot in G block of Bandra Kurla Complex was allotted to Jupiter Lifeline Hospitals for a multi-specialty hospital.