Deals5 Feb 2026, 02:27 pm
Oberoi Realty Clarifies Payment Structure for Bandra Land Deal Worth Rs. 5,400 Crore
AI Summary
Oberoi Realty Ltd. has clarified the payment structure for the Bandra land deal with the Railway Land Development Authority (RLDA). The company submitted a bid of Rs. 5,400 Crore for the development of approximately 45,371 sq. mt. of railway land in Bandra East, Mumbai, with an FSI potential of approx. 19.50 lakh sq. ft. The total amount is the Net Present Value (NPV) of the payments to be made to RLDA from time to time. The company will also bear the entire cost of development and construction of the project. The land comes with an inherent FSI potential of approx. 19.50 lakh sq. ft.
Key Highlights
- Oberoi Realty submitted a bid of Rs. 5,400 Crore for the development of railway land in Bandra East, Mumbai
- The total amount is the Net Present Value (NPV) of the payments to be made to RLDA from time to time
- The company will bear the entire cost of development and construction of the project
- The land comes with an inherent FSI potential of approx. 19.50 lakh sq. ft
- The payments to RLDA are in the form of a 45% share of the higher of the projected gross revenues or actual gross revenues, payable till the total NPV equals Rs. 4,905 Crore