Yes, you have heard it right! The Mumbai Metropolitan Region Development Authority (MMRDA) has taken the world of developers by storm. Seven prime plots are up for grabs in the prestigious Bandra Kurla Complex (BKC). This is one of the highly anticipated bidding processes, where the base price for these plots is ₹5,947 crore.
Note-worthy Details:
- Location:Bandra Kurla Complex, Mumbai
- Number of plots: 7
- Lease duration: 80 years
- Total reserve price: ₹5,947 crore
- Bidding start date: August 1, 2024
- Bidding end date: September 18, 2024
From being an ideal location for high-end developments, BKC is also a prime destination for businesses, financial institutions, and luxurious homes. With a long-term lease of 80 years, successful bidders can reap benefits for generations to come. This phrase couldn't get any more true in today’s date - As You Sow, So Shall You Reap.
This leasing opportunity allows developers to create iconic projects in a prime location. Who wouldn't want to grab this opportunity, right? The plots can be used for various purposes, including commercial, residential, or mixed-use developments. With the reserve price set at ₹5,947 crore, developers can bid competitively to secure the plots they have longed for.
The bidding process commences on August 1, 2024, and concludes on September 18, 2024. May the highest and right bidder win!
BKC is your canvas, paint it with the best landscape that Mumbai has ever witnessed.