The Brihanmumbai Municipal Corporation (BMC) has initiated a major land-leasing move by issuing a tender for a 1,299.52 sq m prime plot in Worli. The lease will run for 30 years, with an option for renewal for an additional 30-year term. The civic body expects to generate around ₹200 crore from the deal, which will support key urban development and infrastructure projects across Mumbai.
The plot, located near the Bandra–Worli Sea Link, was originally leased out in 1937. After a prolonged legal dispute, the land was reclaimed and brought back under the civic body’s authority. Under Mumbai’s Development Plan (DP) 2034, the land is earmarked for recreational use, including facilities such as a gymkhana, club, or similar public-utility structures.
To participate in the tender, interested bidders must submit an Earnest Money Deposit (EMD) of ₹92.10 lakh. The BMC is positioning this lease as a significant opportunity for private entities to utilise a strategically located parcel of land while contributing to the city’s planned development. Civic officials noted that the valuation and structure of the lease have been designed to ensure long-term revenue stability while keeping public interest intact.
This initiative follows two major land-lease deals recently executed by the BMC. Earlier this year, the civic body leased parcels of land at the Worli Asphalt Plant and Crawford Market, together generating over ₹1,150 crore in revenue. These deals are part of a broader strategy to monetise underutilised public land and increase non-tax income for Mumbai’s municipal corporation.
According to officials, funds raised through land leases will be channelled towards critical civic works, including roads, drainage systems, water infrastructure, and public amenities. With rising development costs and expanding urban demand, the BMC aims to strengthen its financial position by leveraging land assets in high-value locations.
The Worli plot tender marks another step in Mumbai’s ongoing efforts to balance development with revenue generation. By opening high-potential sites to long-term private participation, the BMC hopes to attract developers capable of creating modern community-oriented facilities while ensuring consistent financial returns for the city.
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