Rail Land Development Authority (RLDA), a statutory authority under the Ministry of Railways, Govt. of India has invited bids for the Residential/ Commercial Development of Railway Land in Mahalaxmi, Mumbai. The Approximate area of the site is approximately 10,801.70 Sqm and the existing effective Floor Space Index (FSI) is 4.05.
The Reserve Price is Rs. 805 crores. The commencement of downloading of e-bid document will be from 27.09.2024 at 1800 hrs. The Online Pre-Bid meeting is on 03.10.2024 at 1130 hrs. The last date of downloading of e-bid document for online participation/submission is up to 1400 hrs on 04.11.2024. The E-Bid due date (the “Bid Submission Date”) is up to 1500 hrs on 04.11.2024.
| Residential/ Commercial Development of Railway Land in Mahalaxmi, Mumbai – Snapshot | |
| Site Description | Residential/ Commercial Development of Railway Land in Mahalaxmi, Mumbai on 99 years of Lease period |
| Reserve Price (Rupees) | 805 Cr |
| Floor Space Index (FSI) [existing effective FSI] | 4.05 |
| Bid Documents fee | Rs 1,18,000/- |
| Bid Security | Rs. Two Crore Seventy Seven Lakhs Only |
| Commencement of downloading of e-bid document | 27.09.2024 at 1800 hrs |
| Last date of submission of e-bid | 04.11.2024 up to 15:00 hrs. |
Connectivity
The site falls under the jurisdiction of MCGM (Municipal Corporation of Greater Mumbai). As per the topographic survey, about 133.3 m length of the site faces 30.48m wide major road i.e. Dr. E Moses road while about 32.3 m length of the site faces existing 13.4m wide minor road i.e. Shakti Mill lane. Shakti Mill Lane Road is proposed for widening in the Development Plan of MCGM.
The location is suitable for ultra-luxury residential development, hotels and Grade-A office spaces. The project will have stunning views of the Arabian Sea and Mahalaxmi Race Course.
Rail Land Development Authority (RLDA) is a statutory authority under the Ministry of Railways for the development of Railway land. It has four key mandates as a part of its development plan, namely leasing commercial sites, colony redevelopment, station redevelopment and multi-functional complexes.
All interested bidders are requested to regularly visit the following links for time-to-time updates: