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RBI Offers ₹2,650 Cr for New Office Plot at Nariman Point

Hindustan Times Rajasthan

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February 06, 2025

The Reserve Bank of India (RBI) has offered ₹2,650 crore to the Mumbai Metro Rail Corporation Limited (MMRCL) for a 4.12-acre plot at Nariman Point on a long-term lease to expand its headquarters in south Mumbai.

- Ateeq Shaikh

MUMBAI:

The plot has a development potential of 1.6 million sq ft, of which 113,500 sq ft would have to be handed over to the state for rehabilitation of properties that existed earlier on the land. MMRCL had put the plot up for a 90-year lease in October.

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