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The Mumbai Metropolitan Region Development Authority (MMRDA) has issued e-tenders for the lease of nine commercial and residential plots in the ‘G’ Block of Bandra-Kurla Complex, Mumbai, for a lease period of 80 years. The plots comprise five commercial parcels and four residential parcels with a combined built-up area exceeding 2.12 lakh sq m. According to the tender notice issued on 11 May 2026, the reserve prices for the plots range from approximately INR 374.95 crore to INR 1,432.55 crore. The commercial plots carry a reserve rate of INR 4,82,992 per sq m of built-up area, while residential plots are priced at INR 3,52,008 per sq m. The bidding process will remain open until 25 June 2026, with pre-bid meetings and site visits scheduled later this month.
The Mumbai Metropolitan Region Development Authority has invited bids for the lease of nine commercial and residential plots in the ‘G’ Block of Bandra-Kurla Complex, Mumbai, through an e-tender process offering land parcels on an 80-year lease basis. Advertisement
According to the tender notice issued by MMRDA on 11 May 2026, the offering includes five commercial plots and four residential plots located within the Bandra-Kurla Complex business district in Bandra East, Mumbai. The authority stated that the plots would be allotted through an online bidding process under the Maharashtra government’s e-tendering system.
The commercial land parcels identified as plots C73, C74, C75, C76 and C77 together comprise a built-up area of approximately 1,37,076 sq m. Each commercial plot has a permissible floor space index of 4.0 and reserve pricing fixed at INR 4,82,992 per sq m of built-up area. Reserve prices for the commercial plots range from INR 1,243.60 crore to INR 1,432.55 crore depending on plot size and permissible development potential.
Plot C75, measuring 7,415 sq m with a permissible built-up area of 29,660 sq m, carries the highest reserve price at INR 1,432.55 crore. Plot C74 has been valued at INR 1,319.53 crore, while plot C73 has a reserve price of INR 1,272.58 crore. The reserve values for plots C76 and C77 are INR 1,243.60 crore and INR 1,352.37 crore respectively.
The residential plots, identified as R1.5, R1.6, R1.7 and R5, together account for approximately 75,688 sq m of permissible built-up area. MMRDA has fixed the reserve rate for residential development at INR 3,52,008 per sq m of built-up area. Reserve prices for these parcels range between INR 374.95 crore and INR 827.35 crore.
The largest residential parcel, plot R1.7, measures 5,876 sq m and carries a reserve price of INR 827.35 crore. Residential plot R5, spread across 2,663 sq m, has the lowest reserve value among the parcels offered in the current tender cycle.
MMRDA stated that bid documents will be available for download from 12 May 2026 until 25 June 2026 through the Maharashtra government’s e-procurement portal. Site visits for interested bidders are scheduled for 22 May 2026, while the pre-bid meeting has been fixed for 25 May 2026 at the authority’s office in Bandra-Kurla Complex with video conferencing access also provided.
The authority has prescribed earnest money deposits of INR 20 crore for commercial plots and INR 15 crore for residential plots through bank guarantees, in addition to online transfer requirements and tender fees. The final date for online submission of bids has been fixed as 25 June 2026.
Source: MMRDA official Website
5th Jun, 2025
25th May, 2023
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