September 8, 2025: With its Bandra-Kurla Complex (BKC) land bank fully sold out, the Mumbai Metropolitan Region Development Authority (MMRDA) is preparing to auction plots in Wadala, the city’s planned third central business district (CBD).
According to MMRDA commissioner Sanjay Mukherjee, the auctioning process is expected to begin within the next two months. “Wadala’s development features in the economic master plan for the Mumbai Metropolitan Region, jointly prepared by Niti Aayog and MMRDA. We are moving ahead with this project and the process will commence shortly,” he told The Times of India.
The authority is keen to maintain momentum in the property market. In June, Japanese conglomerate Sumitomo purchased a three-acre BKC plot for Rs 2,238 crore, underscoring the area’s soaring real estate value.
Wadala, previously designated as a truck terminal, will now be transformed into a mixed-use CBD under a transit-oriented model. MMRDA is currently negotiating with the Bombay Goods Transport Association (BGTA) to relocate existing transport operations. BGTA vice-president Abhishek Gupta confirmed discussions are underway, although talks have remained inconclusive since they began in 2018.
Strategically located between the Eastern Freeway and the Atal Setu, the proposed Wadala CBD will enjoy strong connectivity to Thane and Navi Mumbai. It will also be accessible via the harbour line, monorail, and the forthcoming Metro-4 (Wadala–Thane–Kasarvadavli).
The initiative comes as MMRDA pursues its largest infrastructure programme to date: a Rs ,000 crore in loans to fund such projects.
Much like BKC—once marshland and now home to more than 300 office towers—Wadala is set to redefine Mumbai’s commercial geography. Observers now await whether this development will shift corporate gravity back to the island city or towards “Mumbai 3” across the trans-harbour link.
Source: The Times Of India
