The Mumbai Metro Rail Corporation Ltd (MMRC) has executed a landmark land transaction with the Reserve Bank of India (RBI), selling a prime plot at Nariman Point for a total consideration of Rs 3,471.82 crore.

The sale deed was signed on September 5, transferring ownership of 16,842 sq m of land to the RBI. The central bank paid Rs 2,871 crore for freehold rights of , Plot Nos 1987 and 1988, and an additional Rs 600.82 crore in lieu of rehabilitation obligations.