The Mumbai Metropolitan Region Development Authority (MMRDA) has invited bids for leasing a major commercial plot in the Wadala Notified Area, valued at ₹1,629 crore. This move aims to attract large-scale developers and investors as part of the authority’s plan to promote Wadala as Mumbai’s next major business hub after Bandra-Kurla Complex (BKC) and Nariman Point.
The plot spans around 10,860 square metres (approximately 2 acres) and offers a total permissible built-up area of 1,08,600 square metres with a Floor Space Index (FSI) of 10. Located strategically in the heart of Mumbai, the land parcel is part of MMRDA’s efforts to monetise prime real estate and channel funds toward infrastructure development projects in the city.
According to MMRDA officials, the tender process will allow developers to submit bids for a 60-year lease. The last date for submission is January 7, 2026, and the authority expects a strong response due to the site’s location and connectivity advantages. The plot’s proximity to key transport corridors such as the Eastern Freeway, Mumbai Trans Harbour Link (MTHL), and Metro Line 4 enhances its accessibility, making it an attractive option for commercial, retail, or mixed-use development.
This tender marks one of MMRDA’s most significant land monetisation initiatives in recent years. With most of BKC’s prime land already occupied, Wadala is being positioned as Mumbai’s emerging third Central Business District (CBD). The area’s rapid infrastructure growth and improved public transport network are expected to further boost its commercial appeal.
The upcoming auction is likely to draw attention from major developers and institutional investors seeking opportunities in Mumbai’s expanding commercial landscape. MMRDA’s decision reflects the growing demand for premium business spaces outside traditional hubs, highlighting Wadala’s potential as the city’s next key economic centre.
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