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The Brihanmumbai Municipal Corporation (BMC) has invited bids to lease a prime 1,299.52 sq m plot in Worli for 30 years, with an option to extend for another 30. The land, located near the Bandra-Worli Sea Link, is expected to generate around INR 200 crore, which will be used for city infrastructure projects. The plot was regained by BMC after a long legal dispute, and under Mumbai's Development Plan 2034, it is earmarked for public recreational or community use, potentially as a gymkhana or club.
The Brihanmumbai Municipal Corporation has floated a tender to lease a 1,299.52 sq m plot in Worli for 30 years, with an option to renew for another 30. Situated close to the Bandra-Worli Sea Link, this prime parcel is expected to attract significant interest from developers. Advertisement
BMC anticipates earning around INR?200?crore from the lease, which will be directed toward funding civic infrastructure projects across the city. Interested bidders are required to submit an Earnest Money deposit of INR?92.10?lakh.
The land has a long history. Originally leased in 1937, it became the subject of legal disputes for decades. After a prolonged legal battle, BMC regained control. According to Mumbai's Development Plan 2034, the plot is designated for recreational and community use, opening possibilities for facilities such as a gymkhana or club.
This initiative is part of BMC's broader strategy to monetise its land assets. In previous auctions, two prime city plots one at the Worli Asphalt Plant and another near Crawford Market together raised over INR?1,150?crore. This demonstrates the civic body's focus on boosting non-tax revenue streams to fund city development.
The leasing move also follows other efforts by BMC to attract private investment for underutilised land, including adjustments in bid pricing to ensure competitive participation. Legal precedents, including earlier Supreme Court rulings allowing BMC to reclaim mill land in Worli, reinforce the authority's right over these high-value parcels and pave the way for structured urban development.
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