Deals4 Feb 2026, 10:11 pm
Oberoi Realty Emerges as Highest Bidder for RLDA Bandra Land at Rs. 5,400 Crore
AI Summary
Oberoi Realty Ltd, a leading real estate developer, has been declared the highest bidder by Railway Land Development Authority (RLDA) for the development of approximately 11 acres of railway land in Bandra East, Mumbai. The land, adjacent to Western Express Highway, has a potential FSI of approximately 19.50 lakh sq. ft. The financial bids were opened today, with Oberoi Realty's bid of Rs. 5,400 Crore being the highest. The company is now awaiting further communication from RLDA regarding the next steps in the process.
Key Highlights
- Oberoi Realty emerges as the highest bidder for RLDA Bandra land
- Bid amount is Rs. 5,400 Crore
- Land is approximately 11 acres with a potential FSI of 19.50 lakh sq. ft.
- Land is located in Bandra East, Mumbai, adjacent to Western Express Highway
- Next steps in the process are awaited from RLDA