80-Year Residential Development Lease Opportunity in Mumbai's BKC

Work Description - Lease Of Residential Plot No. R1.6 From G Block Of Bandra-kurla Complex, Mumbai For 80 Years Of Lease.

The Mumbai Metropolitan Region Development Authority (MMRDA), a State Government and UT organization, invites eligible bidders for an Open Tender (Tender ID: 2026_MMRDA_1302239_1, Reference: TCP/P2/BKC/MISC/1646/2026/R1.6) under the services category. This tender pertains to the long-term lease of Residential Plot No. R1.6 from the G Block of Bandra-Kurla Complex (BKC), Mumbai, for a substantial period of 80 years. The estimated value for this significant lease is approximately ₹7,00,35,51,168. The tender was ePublished on 12-May-2026 at 06:00 PM. Prospective bidders could download tender documents starting from 12-May-2026 at 06:05 PM, with the document download period concluding on 24-Jul-2026 at 05:00 PM. The bid submission window commenced on 12-May-2026 at 06:10 PM and will close on 24-Jul-2026 at 05:00 PM. A mandatory Pre-Bid Meeting is scheduled for 25-May-2026 at 03:00 PM, to be held at the 4th-floor Committee Room, New MMRDA Building, BKC Bandra East. The technical and financial bids will be opened on 27-Jul-2026 at 11:00 AM at MMRDA BKC. Bidders are required to pay a non-refundable Tender Fee of ₹1,18,000, along with a processing fee of ₹500, totaling ₹1,18,500. Additionally, an Earnest Money Deposit (EMD) of ₹5,00,000 is mandatory, with both payments to be made online. Bids must remain valid for a period of 180 days from the bid opening date. The submission process involves three covers: Cover 1 for Tender Fee and EMD documents, Cover 2 for eligibility criteria and technical forms, and Cover 3 for the financial proposal, which includes the BOQ Excel and Form C. The Tender Inviting Authority is DMC MMRDA, located at Land Cell Old MMRDA Building BKC Bandra East.