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.

Mumbai Metro Line 4 achieved a major construction milestone with the successful installation of a 56-metre steel span girder at Mulund's Sonapur junction, advancing the Wadala-Kasarvadavali corridor development.

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.

A strategic bond sale by MMRDA to fund INR 50,000 crore will accelerate Mumbai's infrastructure development. MMRDA hopes to overcome its financial issues and forward critical projects that would boost connectivity and growth with state government support and a strong financial plan.