After five unsuccessful attempts to lease its prime 10-acre plot in the Bandra area here, the Rail Land Development Authority (RLDA) has again put the land up for lease — this time for a longer period of 45 years.
The land is expected to fetch RLDA Rs 2,500-3,000 crore. The authority wants the developers to construct a commercial office complex on the plot.
The bids for the plot would be opened on June 3, RLDA said.
In the past, the land, close to Bandra railway station, has seen many controversies. The state government laid claim to the land, as did the Railways. Subsequently, ownership went to the Railways.
In its previous attempt to sell the land (in 2008), RLDA had cut the reserve price of the plot 14 per cent to the current Rs 3,960 crore.
