The Mumbai Metropolitan Region Development Authority (MMRDA) has announced the opening of bids for leasing seven plots in the G block of Bandra Kurla Complex (BKC), a prominent commercial area in Mumbai. The total reserve price for these plots is set at Rs 5,946.09 crore. The auctioned plots will feature a four-floor space index (FSI).
Ranging in size from 4,956.18 square meters to 8,411 square meters, the plots are designated for both commercial and residential development. The reserve price for four commercial plots is Rs 3,44,500 (Rs 3.44 lakh) per square meter of built-up area (BUA), while the residential plots have a reserve price of Rs 3,52,000 (Rs 3.52 lakh) per square meter of BUA.
Source: The Indian Express