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Oberoi Realty won a 99-year lease for 11 acres in Mumbai’s Bandra East, bidding ₹5,400 crore.
Oberoi Realty has won a 99-year lease for 11 acres of railway land in Bandra East, Mumbai, bidding ₹5,400 crore in a process led by the Rail Land Development Authority.
The land, near the Western Express Highway, has a floor space index potential of 19.50 lakh square feet, enabling large-scale development.
The bid, the highest submitted, marks a major real estate transaction in Mumbai, with future plans expected to boost the city’s commercial and residential infrastructure.
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Oberoi Realty ganó un contrato de arrendamiento por 99 años para 11 acres en Bandra East de Mumbai, con una oferta de ₹ 5,400 crore.