RBI Secures Prime Nariman Point Land in 2025’s Largest Real Estate Deal
The Reserve Bank of India (RBI) has acquired a 4.16-acre land parcel at Nariman Point, Mumbai, for ₹3,471.82 crore, marking one of the largest real estate transactions of 2025.
Real EstateRbiNariman PointMumbaiMmrcReal EstateSep 11, 2025
The prime land is located near the backbay reclamation area, in the heart of Nariman Point — one of Mumbai’s most prestigious commercial districts. The location is flanked by Marine Drive, Mantralaya, consulates, and landmark office towers, making it among the most coveted real estate addresses in the country.
The transaction underscores RBI’s long-term strategy to expand and consolidate its footprint in South Mumbai, close to its existing Mint Road headquarters. For MMRC, the deal brings in a significant capital infusion that will support the Mumbai Metro expansion projects, easing funding pressures on the state-backed corporation.
Industry experts highlight the rarity of such large institutional land transactions in South Mumbai, given the scarcity of sizeable vacant land parcels. “This acquisition reaffirms Nariman Point’s status as a premier financial hub and reflects the continued appetite of sovereign and regulatory institutions to secure prime real estate in Mumbai,” said a senior property market analyst.
Few land sales in recent memory rival this deal in size and strategic importance. Observers note that the RBI’s purchase may set a new benchmark for land valuations in Mumbai’s commercial districts, even as the city sees shifting demand patterns with newer business hubs emerging in Bandra-Kurla Complex (BKC) and Lower Parel.
Frequently Asked Questions
What is the agreement value of the land parcel acquired by RBI at Nariman Point?
The agreement value of the land parcel acquired by RBI at Nariman Point is ₹3,471.82 crore.
How much stamp duty was paid for the land acquisition?
The stamp duty paid for the land acquisition was ₹208.30 crore.
What is the significance of the location of the land parcel?
The land parcel is located near the backbay reclamation area, in the heart of Nariman Point, one of Mumbai’s most prestigious commercial districts, flanked by Marine Drive, Mantralaya, consulates, and landmark office towers.
What is the strategic importance of this acquisition for RBI?
The acquisition aligns with RBI’s long-term strategy to expand and consolidate its footprint in South Mumbai, close to its existing Mint Road headquarters.
How will the capital infusion from the sale benefit MMRC?
The capital infusion from the sale will support the Mumbai Metro expansion projects, easing funding pressures on the state-backed corporation.
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