MMRDA extends bidding date for lease of two land parcels in BKC

The Mumbai Metropolitan Region Development Authority (MMRDA) has extended the bidding date for the lease of two land parcels in India’s costliest commercial district, the Bandra Kurla Complex (BKC), to September 29, 2023. The land parcels measure 13,168 sq metres (sq m) in total.

In May 2023, the MMRDA had floated bids for an 80-year lease of these plots, hoping to collect Rs 2,928 crore. Now, the last date for the submission of the bids has been extended owing to clarifications related to foreign direct investment (FDI) and Goods and Services Tax (GST) that are awaited from the government, MMRDA officials told Moneycontrol.

https://www.moneycontrol.com/news/business/real-estate/mumbai-mmrda-extends-bidding-date-for-lease-of-two-land-parcels-in-bkc-11349081.html

Source: Money Control

Leave a Reply

Your email address will not be published. Required fields are marked *