India, Sept. 14 -- The Mumbai Metro Rail Corporation Limited (MMRCL)'s decision to sell a 4.16-acre plot at Nariman Point to the Reserve Bank of India for Rs.3,472 crore is in the eye of a storm. The Congress has demanded that the deal be cancelled, alleging that the state government went back on its promise to reinstate the political party offices that were on the plot before the land was taken over for the Metro 3 project. It has also alleged that the deal has led to a loss of around Rs.1,800 crore for MMRCL, as the prime property was sold without floating tenders.

The plot previously housed the offices of several political parties, including the Congress, the undivided Nationalist Congress Party (NCP), the undivided Shiv Sena, Samajwa...