Oberoi, Shree Naman Shortlisted for ₹5,365 Cr Bandra Plot

Oberoi Realty and Shree Naman Developers have emerged as the eligible bidders for a prime 11.21-acre railway land parcel in Bandra, Mumbai, with an estimated value of ₹5,365 crore.

Located along the Western Express Highway in Bandra East, the land will be offered on a long-term 99-year lease under a revenue-sharing model. The selected developer will be required to share a minimum of 45 per cent of the project revenue with the Railway Land Development Authority (RLDA). Owing to its strategic location near major commercial hubs such as the Bandra-Kurla Complex and Andheri-Kurla Road, the parcel is considered a highly attractive redevelopment opportunity.

Both bidders will now advance to the next stage of technical evaluation. The development forms part of RLDA’s broader strategy to monetize railway land assets, following the recent auction of other high-value parcels in Mumbai collectively worth over ₹9,000 crore.

News by Rahul Yelligetti.