MMRDA had invited bids for 12,500 square meter of plot (No.C-65, ‘G’ Block in BKC) with 50,000 square meter built-up area vide bid published on March 30, 2016. However, concerns were raised over the issue of a stay order of the Mumbai High Court on new construction in the city, and completion of due process under section 37(1) of the MRTP Act for modification with respect to allowing up to 30% of residential construction in commercial area in BKC.
Considering the fact that both of these issues need to be resolved before closing of the bid process, MMRDA has decided to withdraw the on-going bid process for the time being. The bid will be re-invited at a later stage when both the above stated issues are resolved.
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