News

RBI Acquires Prime Nariman Point Land from MMRCL for ₹3,472 Crore

Real Estate

RBI Acquires Prime Nariman Point Land from MMRCL for ₹3,472 Crore

In a significant real estate transaction, the Reserve Bank of India (RBI) has purchased a prime 39,663 square meter land parcel in Mumbai’s Nariman Point from the Mumbai Metropolitan Region Development Authority (MMRCL) for ₹3,472 crore. This deal underscores the growing importance of strategic land acquisitions in Mumbai’s financial district.

September 11, 2025
Read Article
RBI Acquires Prime 4.6-Acre Nariman Point Land for Rs 3,472 Crore

Real Estate

RBI Acquires Prime 4.6-Acre Nariman Point Land for Rs 3,472 Crore

The Reserve Bank of India (RBI) has secured a 4.61-acre land plot at Nariman Point, Mumbai, from MMRCL for ₹3,472 crore, marking one of the largest land deals in India this year.

September 11, 2025
Read Article
RBI Acquires Prime 4.16-Acre Land in Nariman Point for Rs 3,472 Crore

Real Estate Mumbai

RBI Acquires Prime 4.16-Acre Land in Nariman Point for Rs 3,472 Crore

The Reserve Bank of India (RBI) has purchased a 4.16-acre plot in Nariman Point, Mumbai, for Rs 3,472 crore from the Mumbai Metro Rail Corporation Ltd (MMRCL). The land will be used for self-use and commercial purposes.

September 11, 2025
Read Article
RBI Secures 4.6-Acre Nariman Point Land from MMRCL for a Whopping Rs 3,472 Crore

Real Estate Mumbai

RBI Secures 4.6-Acre Nariman Point Land from MMRCL for a Whopping Rs 3,472 Crore

The Reserve Bank of India (RBI) has acquired a prime 4.61-acre land parcel at Nariman Point in South Mumbai from the Mumbai Metro Rail Corporation Ltd (MMRCL) for ₹3,472 crore. This significant land transaction highlights the enduring value of Nariman Point in Mumbai’s commercial real estate market.

September 11, 2025
Read Article
RBI Secures 4.61-Acre Prime Nariman Point Land for Rs 3,472 Crore

real estate news

RBI Secures 4.61-Acre Prime Nariman Point Land for Rs 3,472 Crore

The Reserve Bank of India (RBI) has made a significant acquisition, purchasing a 4.61-acre plot in Nariman Point, South Mumbai, from the Mumbai Metro Rail Corporation Ltd (MMRCL) for Rs 3,472 crore. This deal is one of the largest land transactions in India this year, reinforcing Nariman Point's status as a premium commercial hub.

September 11, 2025
Read Article
RBI Seals ₹3,472 Crore Land Deal with MMRCL for Nariman Point Plot

Real Estate Mumbai

RBI Seals ₹3,472 Crore Land Deal with MMRCL for Nariman Point Plot

The Reserve Bank of India (RBI) has signed a significant land deal with the Mumbai Metro Rail Corporation Ltd (MMRCL) to acquire a 4.2-acre plot in Nariman Point for ₹3,472 crore. This prime location will be used to construct a new office complex for the central bank.

September 10, 2025
Read Article
RBI Acquires 4.61-Acre Plot at Nariman Point for Rs 3,472 Crore

Real Estate Mumbai

RBI Acquires 4.61-Acre Plot at Nariman Point for Rs 3,472 Crore

The Reserve Bank of India (RBI) has made a significant real estate acquisition in Mumbai, purchasing a 4.61-acre land parcel at Nariman Point from the Mumbai Metro Rail Corporation (MMRCL) for Rs 3,472 crore. This strategic move expands the central bank's footprint in the financial hub.

September 10, 2025
Read Article
Pune Metro's Swargate-Katraj Line Set to Receive Two New Stations with State Funding

Real Estate Pune

Pune Metro's Swargate-Katraj Line Set to Receive Two New Stations with State Funding

The Maharashtra government has announced funding for the construction of two new stations along the Swargate-Katraj line of the Pune Metro, enhancing connectivity and convenience for commuters.

April 18, 2025
Read Article
MMRCL Plans to Monetize Land Parcels Along Mumbai Metro 3 Corridor

Real Estate Mumbai

MMRCL Plans to Monetize Land Parcels Along Mumbai Metro 3 Corridor

Mumbai Metro Rail Corporation Limited (MMRCL) is gearing up to monetize land parcels along the Mumbai Metro 3 corridor, aiming to generate significant revenue and enhance the city's infrastructure development.

March 4, 2025
Read Article
Mumbai Metro Rail Corporation Pauses Land Development Plans at Nariman Point

Real Estate Mumbai

Mumbai Metro Rail Corporation Pauses Land Development Plans at Nariman Point

Mumbai Metro Rail Corporation (MMRCL) has decided to put on hold its plans to lease a significant 4.2-acre land parcel in Nariman Point for property development, following a request from the Reserve Bank of India (RBI).

January 20, 2025
Read Article
MMRCL Temporarily Pauses Plan to Lease SoBo Land in Nariman Point

Real Estate Mumbai

MMRCL Temporarily Pauses Plan to Lease SoBo Land in Nariman Point

Mumbai: The Mumbai Metro Rail Corporation (MMRCL) has put on hold its plan to lease a 4.2-acre land parcel in Nariman Point for property development, citing various logistical and operational concerns.

January 18, 2025
Read Article
MMRCL Implements Safety Measures for Underground Metro and Mandates NOCs

Real Estate Mumbai

MMRCL Implements Safety Measures for Underground Metro and Mandates NOCs

In a significant move, the Mumbai Metropolitan Region Development Authority (MMRCL) has adopted stringent safety protocols for the construction and operation of the underground metro. Real estate experts see this as a crucial step towards ensuring the saf

October 8, 2024
Read Article
MMRCL Mandates NOCs for Construction Near Metro 3 Corridor

Real Estate

MMRCL Mandates NOCs for Construction Near Metro 3 Corridor

Real estate experts welcome this move, stating it will help in the safe redevelopment of numerous old buildings along the Colaba-Bandra-Seepz stretch.

October 7, 2024
Read Article
MMRCL and Pune Metro Receive Funding Boost for Transport Projects

Real Estate Pune

MMRCL and Pune Metro Receive Funding Boost for Transport Projects

MMRCL to receive Rs 1.88 billion, Pune Metro Rs 1.65 billion for transport projects

September 27, 2024
Read Article
Thane's Realty Landscape Set to Get a Boost with Integral Ring Metro Rail Project

Real Estate Maharashtra

Thane's Realty Landscape Set to Get a Boost with Integral Ring Metro Rail Project

The project is expected to revolutionize urban mobility and real estate in Thane, with the Maharashtra Metro Railway Corporation Limited (MMRCL) spearheading the initiative.

August 26, 2024
Read Article
Mumbai Metro 11 Construction: MMRCL Denies Start of Work

Real Estate Mumbai

Mumbai Metro 11 Construction: MMRCL Denies Start of Work

Mumbai Metro Rail Corporation (MMRCL) denies media reports of starting construction work on Metro 11, citing pending finalization of DPR.

August 19, 2024
Read Article
Poor Planning of Metro Stations in Pune: PIL Filed Against MMRCL

Real Estate Pune

Poor Planning of Metro Stations in Pune: PIL Filed Against MMRCL

A PIL has been filed against MMRCL for poor planning of Ramwadi and Yerwada Metro stations, causing traffic chaos in Pune.

June 25, 2024
Read Article