India, Feb. 5 -- Mumbai-based real estate developer Oberoi Realty has announced that it emerged as the highest bidder by quoting Rs.5,400 crore for the lease of 11 acres of land in Mumbai's Bandra East. The Rail Land Development Authority (RLDA) had floated the bids for the same.

According to the company, it had participated in bids for the grant of a lease for the development of approx 11 acres of railway land in Bandra East, adjoining the Western Express Highway, Mumbai, for 99 years, with a FSI potential of approx 19.50 lakh sq ft.

"Pursuant thereto, the financial bids were opened by RLDA today (February 4, 2026). The Company's bid at Rs.5,400 crore

has emerged as the highest. Communication from RLDA for the next steps in the proces...