India, April 5 -- The Mumbai Metropolitan Region Development Authority (MMRDA) is set to draw Rs.3,840.50 crore by leasing three plots in Bandra Kurla Complex (BKC) to private entities.

In August and October 2024, MMRDA had put out 10 plots on the block through competitive bidding for a lease tenure of 80 years. After several deadline extensions, by the end of February, it received a response for six plots to have a hospital, educational institute, clubhouse-cum-sports facility and office space. Of these, of Friday, it opened financial bids for 3 plots meant for commercial spaces.

Japanese firm Goisu Realty Pvt Ltd of Sumitomo emerged as the highest bidder for plot C-13. The reserved price for permissible built-up area on this plot was ...