Three railway land parcels in the heart of Mumbai are set to go under the hammer, promising to reshape the city’s skyline and rake in an estimated R8000 crore for Indian Railways. The three premium plots — Mahalaxmi (2.67 acres, R993 crore), Bandra East (11.2 acres, R5365 crore), and Supari Baug, Parel (5.7 acres, R1734 crore) — are being offered on 99-year leases under a revenue-sharing model. Together, they add up to more than 80,000 sq m across some of Mumbai’s most sought-after localities.

Railway land near Bandra station and Indian Oil HQ. File PIC/SATEJ SHINDE