Mumbai: The Rail Land Development Authority (RLDA) is set to unlock massive real estate opportunities in Mumbai by leasing nearly 25 acres of land spread across four prime locations—Bandra West, Mahalaxmi, Parel, and Bandra East. The authority expects to raise over ₹8,000 crore through these long-term leases, boosting development potential in the financial capital.

Bandra West (5–6 acres):

The five-acre plot in Bandra West currently houses railway staff quarters built in 1955. RLDA plans to rehabilitate the residents into a 25-storey tower and open up the remaining land for premium commercial development. Details such as reserve price, lease tenure, and permissible FSI are being finalised.

Mahalaxmi (2.66 acres):

Located near Mahalaxmi railway station, this 10,801 sq mtr plot has a development potential of 4.0 FSI. RLDA aims to raise nearly ₹1,000 crore through a 99-year lease. The land is suitable for both residential and commercial projects.

Parel (5.69 acres):

The Parel land parcel, with a permissible FSI of 4.05, is also being offered on a 99-year lease. With strong potential for residential development, the authority hopes to raise over ₹1,700 crore from this deal.

Bandra East (11.20 acres):

The largest plot up for lease is in Bandra East, right outside the railway station. Spread across 11.20 acres with 4.0 FSI potential, it is earmarked for large-scale commercial development. RLDA expects to generate over ₹5,300 crore from this single project.

Together, these four leases highlight RLDA’s focus on monetising underutilised railway land and accelerating urban development in one of India’s most expensive property markets.