MUMBAI: L&T, HN Safal, Runwal Developers, Godrej Properties, Welspun World and DB Realty, among others, have expressed interest in the BMC‘s proposal to auction three prime plots in Malabar Hill, Worli and Fort.
Following a series of queries raised by bidders during a recent pre-bid meeting, the BMC decided to extend the tender submission deadline from Dec 4 to Dec 16. The pre-bid meeting was held on Nov 12 to discuss the auction.
“During the meeting, specific requirements of BEST regarding the area to be constructed and relocation were discussed. It was stated the requirement would be obtained in due course. It was also informed that the BMC has already requested BEST to hand over the possession of the plots,” stated the BMC’s remarks on the pre-bid meeting queries.
Bidders also enquired about the reservation of the plots under the Coastal Regulation Zone (CRZ). The BMC clarified that these plots do not fall under CRZ buffer zones.
Prospective bidders must meet certain eligibility criteria, including a minimum gross annual turnover of Rs 300 crore and a net worth of at least Rs 150 crore over three financial years. This marks the first time the civic body has decided to auction its own plots, signalling a shift in its approach to monetising public assets.
The three plots will be given on a 30-year lease period with a provision for renewal for another 30 years.
While the deputy chief engineer in BMC’s improvements department issued the e-tender, civic officials are still calculating the reserve price for the three properties —one in Chhatrapati Shivaji Maharaj Market behind Mahatma Jyotiba Phule Mandai (Crawford Market), a BEST receiving station at Malabar Hill, and a plot in an asphalt plant in Worli.
