Summary:
A lackluster real estate market seems to have hit the Bandra-Kurla Complex (BKC) with two plots in its G block failing to attract any bidder since March. On March 8 this year, nodal town planning authority Mumbai Metropolitan Regional Development Authority (MMRDA) had floated a tender to lease the three plots in Bandra-Kurla Complex (BKC). According to the tender document, the first plot has an area of 2961.18 sqmt and a permissible built up area or floor area ratio of 12,000 sqmt; the second has an area of 3,000 sqmt with floor area ratio of 12,000 sqmt and third plot with an area of 12,486 sqmt and floor area ratio of 65,000 sqmt. Confirmed that the two plots didn't get any buyer, spokesperson for MMRDA said that fate of the plots will soon be decided by the MMRDA. Secondly, the rate at which the plots were being auctioned by MMRDA was too high, that's why no one came forward.".