MMRDA Earns ₹3,840.49 Crore from Lease of Three BKC Plots; Chief Minister Devendra Fadnavis Hands Over Allotment Letters to Global Investors

Maharashtra’s Economic Growth Accelerates; 15,000 High-Tech Jobs to Be Created

Mumbai – The Mumbai Metropolitan Region Development Authority (MMRDA) has secured a revenue of ₹3,840.49 crore through the lease of three prime commercial plots located in the Bandra-Kurla Complex (BKC). Maharashtra Chief Minister Devendra Fadnavis handed over the official allotment letters to international investors at a special ceremony today. These investments are expected to create around 15,000 high-tech jobs.

Chief Minister Fadnavis personally presented the allotment letters for two plots to Japanese firm Sumitomo Realty and Development Ltd. and for one plot to Brookfield Strategic Real Estate. The event was attended by Additional Chief Secretary to the CM Vikas Kharge, Principal Secretary Ashwini Bhide, Additional Chief Secretary Asimkumar Gupta, MMRDA Commissioner Dr. Sanjay Mukherjee, and a delegation from Japan.

Among the three plots, C-13 and C-19 were awarded to Goisu Realty Pvt. Ltd., the Indian subsidiary of Sumitomo Realty and Development Ltd. The third plot, C-80, was awarded to Sklose Bangalore Pvt. Ltd., a joint venture involving Brookfield Strategic Real Estate Partners III, Arliga Eco Space Business Park, and Sklose Chanakya Pvt. Ltd.

• Plot C-13: Area – 7,071.90 sq.m; Reserve Price – ₹974.51 crore; Final Bid – ₹1,360.48 crore
• Plot C-19: Area – 6,096.67 sq.m; Reserve Price – ₹840.12 crore; Final Bid – ₹1,177.86 crore
• Plot C-80: Area – 8,411.88 sq.m; Reserve Price – ₹1,159.16 crore; Final Bid – ₹1,302.16 crore

These transactions have generated a cumulative income of ₹3,840.49 crore for the MMRDA and are anticipated to lead to the creation of approximately 15,000 high-tech employment opportunities.

During the 55th Annual Meeting of the World Economic Forum (WEF), MMRDA signed investment agreements with Sumitomo and Brookfield amounting to USD 5 billion and USD 12 billion, respectively.

These initiatives are part of MMRDA’s Growth Hub Strategy and align with NITI Aayog’s G-Hub initiatives aimed at boosting proactive investment. Maharashtra envisions building a USD 300 billion economy and generating 3 million jobs in the Mumbai Metropolitan Region by 2030. With cutting-edge infrastructure such as underground metro lines, elevated metro corridors, and the bullet train network, Chief Minister Fadnavis expressed confidence that BKC will soon emerge as the number one business hub in the country.