A prime property worth Rs 600 crore and above is up for grabs in Napean Sea Road. The land measuring 1.54 acre, which translates into 6,000 sq mts approx, belongs to Maharashtra State Road Development Corporation Limited (MSRDC). We will start the bidding process after gauging the interest of people," said Waghmare. MSRDC is currently gauging the interest that this prime land will generate amongst the bidders, and post that they will float tenders for the bidding process. The plot has a permissible built-up area of 30,000 sq mts, and they are expecting a minimum of Rs 1,033 crore from it..