BMC auctions south Mumbai market plot for 13% less than ₹428 crore base price
MUMBAI: BMC has issued a letter of acceptance (LOA) to AAV Developers LLP, which bid 13% less than the base value of Rs 428 crore, for a 8,116 sq m plot housing Chhatrapati Shivaji Maharaj Market near Crawford Market in south Mumbai for a 30-year lease period. Accepting the Rs 369-crore bid, BMC has asked AAV Developers to leave space for a staircase, lift and escalators for a foot over-bridge (FOB) that railways plan to build to connect the east-west of CSMT station and access to long-distance nodes from Mahatma Jyotiba Phule Mandai. According to the LOA, AAV Developers and…