The MMRDA has called off its planned auction to lease out a 50,000 sq m land plot in the Bandra Kurla Complex and raise a sum in the vicinity of Rs 1,500 crore. As prospective bidders pointed out, as per the Bombay High Court’s March 1 order, there could be no new construction in Mumbai till the civic body had figured out solid waste management at the Deonar and Mulund dumping ground. So, there would be no purpose to acquiring land on which they wouldn’t be able to develop anything.

The G Block area in BKC that was to be auctioned