Mumbai prepares to auction plots for its third Central Business District in Wadala, triggering property price appreciation and corporate interest in the well-connected eastern corridor poised to complement BKC and Lower Parel.

MMRDA has invited bids for a premium 2.7-acre commercial plot in Wadala with a reserve price of ₹1,629 crore, marking a strategic push to develop Mumbai's third major central business district alongside BKC and Nariman Point, with a bid deadline of January 7, 2026.

MMRDA is set to redefine Marine Drive with a proposed six-lane coastal road and twin tunnel project - aimed at easing congestion, boosting connectivity, and reshaping South Mumbai’s real estate future.

Five ring roads are being built as part of a megacity inter-linking project to improve traffic flow and connectivity. The proposed Orange Gate tunnel will link the Freeway and Coastal Road at Marine Drive on the southernmost ring road. Mumbai will connect to Thane, Palghar, and Alibaug.

Mumbai—the city of dreams—is about to revolutionise transit. Mumbai transport will alter substantially due to various major infrastructural initiatives. These high-tech city developments and high-speed rail lines establish new standards for urban life as well as connectivity.