November 12, 2025: With Bandra-Kurla Complex (BKC) reaching its saturation point, the Mumbai Metropolitan Region Development Authority (MMRDA) has turned its attention to Wadala, opening bids for a premium commercial plot valued at Rs 16.3 billion. The 10,860 sq. m (approximately 2-acre) site marks the authority’s most decisive step toward transforming Wadala into Mumbai’s next central business district (CBD).
The plot comes with a permissible built-up area of 108,600 sq. m and an impressive Floor Space Index (FSI) of 10. It will be leased to private developers for 80 years, with a reserve price of around Rs 150,000 per sq. m. The bidding window remains open until January 7, 2026, offering developers and investors significant time to compete for one of Mumbai’s most attractive commercial land parcels.
MMRDA’s strategy aims to monetise prime land assets beyond BKC, where most plots have already been allotted. The move also supports its goal of developing Wadala as the city’s third major business hub after Nariman Point and BKC, while generating non-fare revenue to fund regional infrastructure projects.
Wadala’s transformation has been decades in the making. Originally designated for a truck terminal in 1984, the area’s redevelopment began in earnest when MMRDA became the Special Planning Authority in 2005. The introduction of new Development Control Regulations (DCRs) in 2010 and subsequent infrastructure projects—such as the Monorail, Metro Line 4, and Eastern Freeway—have enhanced Wadala’s connectivity and appeal.
The 2019 master plan envisions Wadala as a world-class mixed-use district, offering office spaces, hotels, retail complexes, and cultural venues. Strategically located between the Eastern Freeway and Atal Setu, Wadala promises multimodal connectivity and immense development potential.
Confirming the move, Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, said, “We are planning to release the bid invitation next month.”
Source: Construction World
