Overview
- Property records show the sale deed was registered on September 5, with stamp duty reported at about ₹208 crore.
- The parcel spans roughly 4.16 acres with around 1.6 million sq ft of buildable potential, including about 1.13 lakh sq ft reserved to rehouse pre-2017 occupants.
- MMRCL plans to deploy the proceeds toward Metro Line 3 costs and repayment of loans, including financing from JICA.
- A global tender with a reserve price near ₹5,173 crore drew interest from major private players before being canceled in January 2025 for a direct sale.
- Maharashtra Congress has criticized the move as non-transparent and claims the state lost roughly ₹1,800 crore, a charge not yet answered by MMRCL or the government.