Bigtwigs want piece of rly land parcels

MORE | EVPT | Lodha, Adani Realty, Godrej Properties, L&T Realty, and SBI attended the meeting, showing interest in Parel, Bandra plots

- Kamal Mishra

The Rail Land Development Authority (RLDA) conducted a pre-bid meeting in Mumbai on Tuesday for two high-profile commercial development projects located in Bandra East and Supari Baug Colony, Parel. Estate players such as Lodha, Adani Realty, Godrej Properties, L&T Realty, and SBI, attended the meeting, reflecting significant interest in these prime land parcels.

According to an official, the Parel land parcel, situated near Dr. Babasaheb Ambedkar Road, boasts a clear land title and is free from encumbrances such as encroachments. It offers easy access to major commercial zones like Parel, Lower Parel, and Nariman Point, making it highly attractive for development. Additionally, it lies close to established residential micro-markets and the central Mumbai business district, enhancing its appeal for mixed-use development.