India, Sept. 11 -- The Reserve Bank of India (RBI) has acquired the Mumbai Metro Rail Corporation's (MMRC) 4.16-acre plot in Nariman Point for 3,471.82 crore.

The metro rail body, implementing the construction, operation and maintenance of the 33.5-km Colaba-Bandra-SEEPZ metro line, floated global bids for the plot in October 2024. It had appointed an international property consultant to draw in private players, and companies such as the Tata Group, Blackstone Group, Sumitomo Corporation, RMZ Group and Oberoi Realty had shown interest. However, all this came to nought, as the RBI demonstrated its willingness to go in for a government-to-government acquisition.

The global bid had a reserve price of Rs.5,173 crore, but the RBI has been gi...