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MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) has extended the deadline for its major Bandra-Kurla Complex (BKC) plot tender 2026 , giving prospective bidders additional time to participate in the bidding process for nine commercial and residential plots in G-Block.
According to the latest Corrigendum 3 , issued on August 21, 2026, the deadline for downloading tender documents and submitting bids has been extended to September 21, 2026, at 5 pm . The tender will close at 6 pm on September 21 , while the bids are scheduled to be opened on September 23 at 11 am .
The plots are being offered on an 80-year lease and have a combined reserve value of approximately Rs 9,285.28 crore .
The tender covers five commercial plots and four residential plots in G-Block of BKC.
The commercial plots are C-73, C-74, C-75, C-76 and C-77 , while the residential plots are R-1.5, R-1.6, R-1.7 and R-5 .
All nine plots have a permissible FSI of 4.00 , allowing significant construction potential relative to their respective plot areas.
Tender Notice
| Plot | Plot Area | Permissible BUA | Reserve Rate | Reserve Price | EMD |
|---|---|---|---|---|---|
| C-73 | 6,587 sqm | 26,348 sqm | Rs 4,82,992/sqm BUA | Rs 1,272.58 crore | Rs 20.05 crore |
| C-74 | 6,830 sqm | 27,320 sqm | Rs 4,82,992/sqm BUA | Rs 1,319.53 crore | Rs 20.05 crore |
| C-75 | 7,415 sqm | 29,660 sqm | Rs 4,82,992/sqm BUA | Rs 1,432.55 crore | Rs 20.05 crore |
| C-76 | 6,437 sqm | 25,748 sqm | Rs 4,82,992/sqm BUA | Rs 1,243.60 crore | Rs 20.05 crore |
| C-77 | 7,000 sqm | 28,000 sqm | Rs 4,82,992/sqm BUA | Rs 1,352.37 crore | Rs 20.05 crore |
The C-75 plot is the largest commercial parcel in the tender, measuring 7,415 sq metres. It also carries the highest reserve price among all nine plots at Rs 1,432.55 crore .
C-76 has the lowest reserve price among the five commercial plots at Rs 1,243.60 crore .
Four residential plots have also been included in the tender.
| Plot | Plot Area | Permissible BUA | Reserve Rate | Reserve Price | EMD |
| R-1.5 | 5,409 sqm | 21,636 sqm | Rs 3,52,008/sqm BUA | Rs 761.60 crore | Rs 15.05 crore |
| R-1.6 | 4,974 sqm | 19,896 sqm | Rs 3,52,008/sqm BUA | Rs 700.35 crore | Rs 15.05 crore |
| R-1.7 | 5,876 sqm | 23,504 sqm | Rs 3,52,008/sqm BUA | Rs 827.35 crore | Rs 15.05 crore |
| R-5 | 2,663 sqm | 10,652 sqm | Rs 3,52,008/sqm BUA | Rs 374.95 crore | Rs 15.05 crore |
Among the residential parcels, R-1.7 has the highest reserve price at Rs 827.35 crore , while R-5 is the smallest and carries the lowest reserve price at Rs 374.95 crore .
The nine plots have a combined reserve value of approximately Rs 9,285.28 crore .
The five commercial plots account for around Rs 6,620.63 crore , while the four residential plots together have a reserve value of about Rs 2,664.25 crore .
This makes the latest BKC tender one of the significant land offerings by MMRDA in terms of the aggregate reserve value of the parcels being offered.
The reserve price is the minimum benchmark published by MMRDA for each plot under the tender.
For the commercial plots, the reserve rate has been fixed at Rs 4,82,992 per square metre of permissible built-up area .
For the residential plots, the reserve rate is Rs 3,52,008 per square metre of permissible built-up area .
The final amount payable by a successful bidder may depend on the tender's bidding and evaluation provisions. Therefore, bidders should refer to the latest official tender documents before submitting their offers.
Prospective bidders also have to meet the prescribed Earnest Money Deposit (EMD) requirements.
For each commercial plot, the EMD comprises:
For each residential plot, the EMD comprises:
In addition, the tender fee is Rs 1 lakh plus GST for each plot.
These amounts should be verified against the latest tender conditions and instructions issued by MMRDA before making any payment.
All nine plots listed in the tender have a permissible FSI of 4.00 .
FSI, or Floor Space Index , broadly determines the amount of floor area that can be constructed relative to the plot area, subject to applicable development rules and the conditions of the tender.
For example, the 7,415-sq-metre C-75 plot has a permissible built-up area of 29,660 sq metres , which corresponds to an FSI of 4.
Similarly, the 2,663-sq-metre R-5 residential plot has a permissible built-up area of 10,652 sq metres .
The actual development of any plot will remain subject to the applicable planning, development, building and other regulatory requirements.
MMRDA is not offering these parcels as outright freehold land under this tender. The plots are being offered for an 80-year lease .
Potential bidders should therefore carefully examine the lease conditions, development obligations, payment schedule, transfer provisions and other contractual terms contained in the official tender documents.
The headline reserve price should not be treated as the complete project cost. A successful bidder may have to account for applicable taxes, duties, premiums, development costs and other charges according to the tender and lease conditions.
The latest schedule under Corrigendum 3 is:
| Particular | Revised date |
| Bid document download up to | September 21, 2026, 5 pm |
| Last date for online submission | September 21, 2026, 5 pm |
| Tender closing | September 21, 2026, 6 pm |
| Bid opening | September 23, 2026, 11 am |
The latest corrigendum has therefore moved the earlier August deadlines to September.
The e-tender is being processed through the Maharashtra e-Procurement portal, MahaTenders .
Interested bidders should first carefully review the latest tender document and corrigenda, check eligibility and documentation requirements, arrange the prescribed EMD and tender fee, and then submit their bids through the designated online procurement system.
The tender reference numbers are:
Bidders should rely on the latest MMRDA-issued documents rather than earlier versions of the tender because the schedule and other conditions may be updated through corrigenda.
C-75 has the highest reserve price among all nine plots at Rs 1,432.55 crore .
It is also the largest plot in the tender at 7,415 sq metres and has a permissible built-up area of 29,660 sq metres .
The next highest reserve prices are:
Among residential plots, R-1.7 has the highest reserve price at Rs 827.35 crore.
R-5 is the lowest-priced plot in the current tender, with a reserve price of Rs 374.95 crore .
It is also the smallest parcel, measuring 2,663 sq metres , with a permissible built-up area of 10,652 sq metres .
However, a lower reserve price does not automatically mean that a plot represents better value. Prospective bidders need to consider the location, development potential, lease terms, applicable regulations and the complete financial obligations attached to the plot.
BKC is one of Mumbai's most prominent commercial districts and has developed into a major business and financial centre.
The latest MMRDA offering puts nine sizable parcels on the market under an 80-year lease structure , with the combined reserve value crossing the Rs 9,000-crore mark .
The size and value of the plots mean that the tender is primarily relevant to institutional, corporate and financially capable bidders who meet the eligibility and financial requirements prescribed by MMRDA.
Authority: Mumbai Metropolitan Region Development Authority
Location: G-Block, Bandra-Kurla Complex, Mumbai
Lease period: 80 years
Total plots: 9
Commercial plots: 5
Residential plots: 4
FSI: 4.00
Plot size range: 2,663 to 7,415 sq metres
BUA range: 10,652 to 29,660 sq metres
Reserve price range: Rs 374.95 crore to Rs 1,432.55 crore
Combined reserve value: Approximately Rs 9,285.28 crore
Commercial EMD: Rs 20.05 crore per plot
Residential EMD: Rs 15.05 crore per plot
Tender fee: Rs 1 lakh plus GST per plot
Last date for online submission: September 21, 2026, 5 pm
Tender closing: September 21, 2026, 6 pm
Bid opening: September 23, 2026, 11 am
Tender portal: MahaTenders
For queries related to the tender, bidders can contact the Deputy Metropolitan Commissioner, Land & Estate Cell, MMRDA , at the Old MMRDA Building, Bandra-Kurla Complex, Bandra East, Mumbai.
For commercial plots, MMRDA has provided the email address [email protected] .
For residential plots, the email address is [email protected] .
The contact telephone numbers listed in the notice include 022-6596 7403, 022-6596 4173 and 022-6596 4164 .
For e-tendering support, the notice provides [email protected] and the helpline number 022-6596 7445 .
The Mumbai Metropolitan Region Development Authority (MMRDA) has extended the deadline for its high-value Bandra-Kurla Complex (BKC) Plot Auction 2026 , providing developers and institutional investors with additional time to participate in one of Mumbai's biggest public land auctions.
The revised schedule allows bidders nearly a month more to submit proposals for nine premium commercial and residential land parcels in BKC's G-Block , with a combined reserve price of around ₹9,285 crore . The auction is being conducted on an 80-year lease basis and forms a key part of MMRDA's land monetisation strategy to finance major infrastructure projects across the Mumbai Metropolitan Region.
According to the revised tender schedule, the last date for downloading tender documents and submitting online bids has been extended from July 24 to August 21, 2026 .
The opening of bids has also been rescheduled from July 27 to August 24, 2026 , giving prospective bidders additional time to assess the premium properties and prepare their financial proposals.
The auction includes a total of nine land parcels located in the prestigious G-Block of Bandra-Kurla Complex , comprising:
These properties are being offered on an 80-year lease , making them attractive opportunities for large-scale commercial and residential developments in one of Mumbai's most sought-after business districts.
The five commercial plots—C73, C74, C75, C76 and C77—carry a combined reserve value of approximately ₹6,620.63 crore .
Among them, Plot C75 has emerged as the most valuable commercial parcel.
Key highlights of Plot C75
The auction also includes four residential plots—R-1.5, R-1.6, R-1.7 and R-5 .
Together, these residential parcels have a combined reserve price of nearly ₹2,664.25 crore .
Among them, Plot R-1.7 commands the highest reserve value at ₹827.35 crore .
MMRDA has fixed separate reserve rates based on the permissible built-up area.
| Category | Reserve Rate |
|---|---|
| Commercial Plots | ₹4.82 lakh per sq m |
| Residential Plots | ₹3.52 lakh per sq m |
These rates will serve as the base price for bidding during the auction process.
MMRDA said the land monetisation exercise is aimed at generating substantial financial resources to support large-scale infrastructure development across the Mumbai Metropolitan Region .
Revenue generated through the BKC auction will help finance projects including:
The authority said the strategy will also help reduce dependence on borrowings while creating a sustainable source of funding for future infrastructure expansion.
For the 2026–27 financial year , MMRDA has announced a budget of ₹48,072 crore , with nearly 87% of the total allocation dedicated to infrastructure projects .
The authority expects to generate around ₹11,177 crore through land monetisation , including land parcels located in:
These land assets are expected to play a significant role in funding upcoming public infrastructure without increasing debt.
This marks another extension of the bidding schedule by MMRDA, allowing real estate developers, institutional investors and infrastructure firms more time to evaluate the premium properties before submitting bids.
Given the strategic location of BKC , widely regarded as Mumbai's premier commercial hub, the auction is expected to attract strong interest from leading developers once the bidding process concludes.
Mumbai: The Mumbai Metropolitan Region Development Authority is gearing up to raise over ₹11,177 crore this financial year by auctioning prime land parcels across the Mumbai metropolitan region, with major plots located in Bandra-Kurla Complex and Wadala.
The authority intends to use the proceeds primarily to finance large-scale infrastructure works including metro corridors, flyovers, elevated roads, coastal links and underground tunnels.
With no major independent revenue stream, land monetisation remains the MMRDA’s most important funding mechanism. Officials said previous auctions in BKC had already helped support multiple projects, and the agency is now intensifying the process due to rising infrastructure expenditure.
Estimated revenue breakup:
BKC plots: about ₹5,534.95 crore
Wadala plots: about ₹1,630 crore
Other locations: more than ₹4,000 crore
The Mumbai Metropolitan Region currently has several high-value projects under execution, and financing them requires continuous capital inflow. The authority therefore plans to fast-track tendering and conduct e-auctions soon.
Funds generated will be routed toward:
Metro rail expansion
Bridges and flyovers
Coastal and elevated road networks
Tunnels and transport corridors
Officials indicated that the upcoming auctions are a central part of the agency’s financial strategy to accelerate infrastructure delivery without excessive borrowing.
