Oberoi Realty has emerged as the highest bidder for a railway land parcel in Bandra East, Mumbai. The bid, amounting to ₹5,400 Crore, is for the lease of approximately 45,371 sq. mt. (11 acres) of land for 99 years. The land has a development potential of approximately 19.50 lakh sq. ft. and is located adjacent to the Western Express Highway. The next steps in the process are awaited.
Bandra Land Acquisition
Oberoi Realty has submitted the highest bid for a significant railway land parcel located in Bandra East, Mumbai. The financial bids were opened on February 4, 2026, confirming Oberoi Realty’s successful bid.
Project Details
The land, leased from Railway Land Development Authority (RLDA), spans approximately 45,371 sq. mt. (approx. 11 acres). The lease is granted for a period of 99 years and offers a development potential of approximately 19.50 lakh sq. ft.. The land is strategically located adjacent to the Western Express Highway.
Financial Commitment
Oberoi Realty’s bid for the land amounted to ₹5,400 Crore, making it the highest bid received by RLDA. Further communication from RLDA regarding the next steps is pending.
Source: BSE
