MUMBAI: The Mumbai Metropolitan Region Development Authority (MMRDA) is seeking bids for a prime commercial plot of 10,860 sq m (2 acres) in Wadala, with a reserve price set at Rs 1,629 crore. This initiative aims to monetize land outside the nearly fully occupied Bandra-Kurla Complex (BKC).
The plot features a permissible built-up area of 1,08,600 sq m and a floor space index (FSI) of 10. The deadline for bid submissions is January 7, 2026.
The tender represents MMRDA’s significant move to unlock the commercial potential of the Wadala Notified Area, which is envisioned as Mumbai’s third central business district (CBD) following BKC and Nariman Point. This initiative aims to enhance non-fare revenue to finance extensive infrastructure projects throughout the Mumbai Metropolitan Region.
Initially, the Maharashtra government leased 126.6 hectares in Wadala to the MMRDA in 1984 for a truck terminal project intended to reduce congestion in south Mumbai. Subsequently, MMRDA developed a four-phase layout, with the first phase approved by BMC in 1986.
After being designated as the Special Planning Authority for the area in 2005, MMRDA proposed new planning regulations, which were sanctioned in 2010 with a global FSI of 4. That same year, an empowered committee decided to relocate the truck terminal to Mankhurd or beyond city limits, transitioning Wadala into a business district.
Considering vital transport links—including the Monorail, Metro Line 4, the proposed Inter-State Bus Terminal, Anik Bus Depot, and the Eastern Freeway—MMRDA updated the layout master plan. The state government approved these changes in 2019, facilitating Wadala’s evolution into a commercial hub modeled after BKC.
Wadala’s strategic location between the Eastern Freeway and Atal Setu ensures multimodal connectivity by rail, metro, and road networks. Real estate experts predict heightened investor interest, especially following Sumitomo’s Rs 2,238-crore plot deal at BKC earlier this year.
With BKC’s land supply nearly exhausted, MMRDA’s push for a Wadala CBD marks a pivotal point for Mumbai’s commercial expansion, potentially redefining the city’s business landscape.
