Bengaluru, June 3 -- Brookfield-backed Schloss Bangalore will build a mixed-use project, including a 250-room 'Leela' luxury palace hotel, a 700,000 sq ft office tower and the Arq Club, in Mumbai's premium business district, Bandra-Kurla Complex (BKC).

A consortium led by Schloss Bangalore has been allotted 2.1 acres in BKC by Mumbai Metropolitan Region Development Authority (MMRDA) for a Rs.1,302 crore lease premium, the newly-listed company said in a regulatory filing on Tuesday.

Also read: Leela Hotels shares: Should you buy, hold or sell after a weak listing?

The land parcel in BKC's prime G block has a total permissible built-up area of over 3.62 lakh sq ft. Of the total payable premium for the 80-year lease, 25% is payable within...