Bandra land put up for lease by railways
Rail Land Development Authority (RLDA) has been trying to lease its prime 10-acre plot in the Bandra area. The authority has increased the duration to 45 years this time. The lease is expected to fetch around Rs.2,500-3,000 cr for the Railways. The authority wants the developers to build a commercial office complex on the plot. On June 3, the bids would open. The land is close to Bandra railway station. The state government also laid claim on the land but ownership rests with railways. RLDA had cut the reserve price of the plot 14 per cent to the current Rs 3,960 crore in a previous attempt to sell the land (in 2008).
Source: Business Standard
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