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MMRDA Three Prime BKC Plots Up For Auction

MMRDA Three Prime BKC Plots Up For Auction

BY Realty+
Published - Tuesday, 25 Feb, 2025
MMRDA Three Prime BKC Plots Up For Auction

The Mumbai Metropolitan Region Development Authority received competitive bids for three prime BKC plots, which have been set aside for a hospital, an educational institute and a recreational facility, as part of the agency's latest land tender initiative.

Auro Realty Pvt Ltd and Shree Naman Developers Pvt Ltd have shown interest in acquiring the recreational plot, signalling potential new developments in the area. In the healthcare sector, major players such as Fortis Hospitals Ltd and Jupiter Life Line Hospitals Ltd have expressed interest in the hospital plot, underscoring its potential as a prime location for healthcare infrastructure. Additionally, the educational institute plot has attracted attention from renowned institutions, with D Y Patil (deemed university) and Bharati Vidyapeeth considering it for expansion.

The MMRDA aims to raise a minimum of Rs 656 crore by leasing these plots in BKC's coveted G and GTxT Blocks.

The largest plot, spanning 52,138 sq m in G Block, is reserved for a world-class clubhouse and sports complex, with a reserve price of Rs 168 crore and a permissible built-up area of 10,427 sq m. The expected facility will feature suites, conference rooms, an auditorium, a restaurant and a gymnasium, complemented by extensive indoor and outdoor sports amenities.

These amenities include a swimming pool, a tennis court, cricket nets, a football ground, a basketball court, a 400-metre running track, basement parking and other allied services.

In GTxT Block, a 10,026-sq m plot is designated for a hospital, carrying a reserve price of Rs 323 crore and a built-up area of 20,052 sq m. A third plot in the same block, measuring 5,118 sq m, is reserved for an educational institute, with a reserve price of Rs 164.87 crore and a permissible built-up area of 10,235 sq m.

The BKC, a 19-hectare commercial hub developed by the MMRDA, is a thriving ecosystem of corporate offices, government institutions, and cultural landmarks.

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