Overview
- Invitations cover sites at Mahalaxmi (about 10,801 sq m), Bandra East (about 45,371 sq m) and Supari Baug Colony in Parel (about 23,047 sq m) with reserve valuations of roughly Rs 993.3 crore, Rs 5,365 crore and Rs 1,734 crore respectively.
- For the first time, bids are on a revenue-sharing basis rather than an upfront premium, with ThePrint citing an unnamed RLDA official on minimum shares of 45% for Bandra East, 35% for Mahalaxmi and 30% for Parel.
- The leases run 99 years with permissible FSI around 4.00–4.05, and developers are responsible for construction and all statutory approvals.
- Pre-bid meetings are set around September 23 with bid submissions reported for October–November, though specific deadlines vary across outlets and will be clarified in tender documents.
- Separately, Western Railway and RLDA are considering redevelopment of a Bandra West staff-quarters plot for mixed use, with terms such as reserve price and revenue model to be decided.