MMRDA Set to Begin Auction for Wadala Central Business District
With the land bank in BKC fully sold out, MMRDA is preparing to auction plots in the city's third central business district (CBD) located in Wadala. The 156-hectare land parcel is set to transform the area into a mixed-use commercial hub.
MmrdaWadalaReal EstateCbdInfrastructureReal Estate MumbaiSep 07, 2025
MMRDA is also seeking to keep up the momentum of real estate prices. In June this year, Japanese conglomerate Sumitomo paid Rs 2,238 crore for a 3-acre plot in BKC.
At Wadala, earlier designated as a truck terminal, MMRDA is now negotiating relocation plans with Bombay Goods Transport Association (BGTA). Abhishek Gupta, vice-president of BGTA, confirmed that discussions are underway. “The discussion to relocate the truck terminal started in 2018, but since then, there has been no conclusion. There are many transport offices here and these can't be shut down even for a day. We have conveyed to the authority that we would like to be relocated on this plot as there is a lot of open space available. Phase 2 of the truck terminal was never executed,” he said.
In 2018, the state government decided to transform Wadala into a mixed-use central business district with a transit-oriented development. The proposed CBD is strategically located between Eastern Freeway and Atal Setu, connecting it to Thane and Navi Mumbai. It can be accessed via the harbour railway line, the monorail, and the proposed Metro-4 (Wadala-Thane-Kasarvadavli).
Currently, MMRDA's biggest infrastructure project is the Rs 1 lakh-crore Metro line network. Overall, it has envisaged an investment of Rs 3 lakh-crore in various infrastructure works. In 2022, the state government allowed it to raise a loan of Rs 60,000 crore for infrastructure works. The BKC land bank has been MMRDA's biggest asset, which it has encashed from time to time to raise funds for various infrastructure projects undertaken in MMR. From a marshland to setting the real estate rates across the city and beyond, BKC has over 300 buildings, which have come up in phases since the mid-1980s. It was in 1977 that the state government decided to develop it into a commercial hub to decongest the overcrowded island city, especially the southern tip of Nariman Point, home of the city's first CBD.
All eyes will now be on whether the opening up of Wadala will take business offices back to the island city or towards the much-touted Mumbai 3 across the trans harbour link.
Frequently Asked Questions
What is MMRDA's next major project after BKC?
MMRDA's next major project is the development of the Wadala Central Business District (CBD), a 156-hectare land parcel set to become a mixed-use commercial hub.
When will the auction for Wadala plots begin?
The auction for Wadala plots is expected to begin in the next two to three months, as announced by MMRDA commissioner Sanjay Mukherjee.
What is the current status of the Wadala truck terminal?
MMRDA is negotiating relocation plans with the Bombay Goods Transport Association (BGTA) for the truck terminal at Wadala, with discussions ongoing since 2018.
How is Wadala strategically connected to other parts of Mumbai?
Wadala is strategically located between Eastern Freeway and Atal Setu, and it can be accessed via the harbour railway line, the monorail, and the proposed Metro-4 (Wadala-Thane-Kasarvadavli).
What is the significance of BKC in MMRDA's infrastructure projects?
BKC has been MMRDA's biggest asset, serving as a commercial hub that has helped decongest the overcrowded island city and raised funds for various infrastructure projects.
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