India, Aug. 21 -- The Reserve Bank of India (RBI) has invited bids to sell three bungalows in Lonavala, a hill station near Mumbai, at a base price of Rs.6.55 crore. Located near the scenic Lonavala Lake, the ground-plus-one structures were earlier used by the RBI as holiday homes for its staff.

The properties will be sold on an 'as is, where is' basis, according to the tender document.

The three bungalows are on a freehold land on a plot measuring over 3,800 sq meters.

The last date for inspection of the bungalows is September 8, 2025 and the last date for submission of the bids is September 9, 2025, according to a tender notice issued on August 18, 2025.

The RBI has kept the reserve price for the three bungalows at Rs.6.55 crore and...