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 auction a 10,860 sq m prime land parcel in Wadala with a ₹1,629 crore reserve price, marking its first major land sale in the area after fifteen years. The 80-year lease offers FSI 10 for mixed-use development, signaling Mumbai's commercial expansion beyond BKC.