Oberoi Realty Wins Highest Bid Of ₹5,400 Crore For 11-Acre Prime Railway Land In Mumbai's Bandra East
· Free Press Journal
New Delhi: Oberoi Realty has emerged as the highest bidder for an 11-acre land in Mumbai with a bid value of Rs 5,400 crore. In a regulatory filing, the company said it had participated in the bids invited by Railway Land Development Authority (RLDA) for the grant of a lease for the development of 45,371 sq metre (about 11 acres) of railway land in Bandra East for 99 years, with Floor Space Index (FSI) potential of 19.50 lakh sq ft.
️ Oberoi Realty Bids ₹5,400 Crore for Mumbai Railway Land Lease | MCap 56,022.01 Cr
• Highest bid of ₹5,400 Crore for a 99-year lease
• Land size: 45,371 sq. mt. (approx. 11 acres)
• Potential FSI: around 19.50 lakh sq. ft.
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The financial bids were opened by RLDA on Wednesday. "The company's bid at Rs 5,400 crore has emerged as the highest," it said. Oberoi Realty said the communication from RLDA with respect to the next steps in the process is awaited. Last month, the company reported a marginal increase in consolidated net profit to Rs 622.64 crore for the quarter ended December 31, 2025.
Its net profit stood at Rs 618.38 crore in the year-ago period. Total income rose to Rs 1,561.74 crore in the third quarter of this fiscal, from Rs 1,460.27 crore in the corresponding period of the preceding year. Mumbai-based Oberoi Realty is one of the leading real estate developers in the country.
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