OBEROIRLTY

Oberoi Realty : Co Emerges Highest Bidder for RLDA Mumbai Rail Land Parcel • 🏗️ Top Bidder Status: Oberoi Realty’s ₹5,400 Cr bid is the highest for RLDA’s ~45,371 sq m (~11 acres) rail land in Bandra East, Mumbai on a 99-year lease. • 📍 Prime Location: Parcel adjoins Western Express Highway; FSI potential ~19.5 lakh sq ft, offering large-scale development upside. • ⏳ Process Pending: Awaiting formal communication from RLDA on next steps; allotment not yet final. • 🧱 Growth Visibility: Win could materially expand premium residential/commercial pipeline in a high-demand micro-market. 🟢 Impact: Positive Highest bid signals strong project visibility and long-term value creation potential, subject to final award and terms.