Mahalaxmi, Bandra, and Parel plots on 99-year lease set to reshape city skyline
Mahalaxmi railway land put up for e-tendering by RLDA. PIC/ASHISH RAJE
Three railway land parcels in the heart of Mumbai are set to go under the hammer, promising to reshape the city’s skyline and rake in an estimated R8000 crore for Indian Railways. The three premium plots — Mahalaxmi (2.67 acres, R993 crore), Bandra East (11.2 acres, R5365 crore), and Supari Baug, Parel (5.7 acres, R1734 crore) — are being offered on 99-year leases under a revenue-sharing model. Together, they add up to more than 80,000 sq m across some of Mumbai’s most sought-after localities.
Railway land near Bandra station and Indian Oil HQ. File PIC/SATEJ SHINDE
The Railway Land Development Authority (RLDA), which is spearheading the bidding process, has invited developers for offline and online pre-bid meetings this month. Online submissions are due between mid and late October 2025. Officials said the bids will be processed through a transparent e-tendering system, with developers expected to share project revenues with Indian Railways.
“This is an important step in unlocking the value of railway land in Mumbai. The projects will not only add to the revenue base but also contribute to city infrastructure,” an RLDA spokesperson said.
The three plots at a glance:
Mahalaxmi (10,801 sq m): Next to the racecourse, near Mahalaxmi and Lower Parel stations. Surrounded by luxury towers and retail hubs. Expected to attract premium residential or mixed-use projects, aided by Monorail and upcoming Metro connectivity. Bandra East (45,577 sq m): The largest plot, adjoining Western Express Highway and close to BKC. Positioned as an “ideal site” for offices and retail. With Bandra station, airport, Metro Yellow Line 2B and highways nearby, it is tipped to be the star of the project.
Supari Baug railway colony in Parel. PIC/ASHISH RAJE
Parel – Supari Baug (23,047 sq m): Located on Dr Babasaheb Ambedkar Road near Parel Cricket Ground. Surrounded by hospitals, corporate offices and high-rises. Connectivity via Eastern Express Highway, Monorail and Metro makes it ripe for vertical residential or commercial towers. If realised as planned, the projects could redefine Mahalaxmi, Bandra and Parel, further stretching Mumbai’s ever-climbing skyline.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
