Oberoi Realty emerges highest bidder for Bandra railway land with ₹5,400 Crore bid
Oberoi Realty Limited has submitted the highest bid of ₹5,400 Crore for a 99-year lease of approximately 11 acres of railway land in Bandra East, Mumbai. The land has a potential FSI of 19.50 lakh sq. ft. The company is awaiting further communication from RLDA.
Acquiring a large parcel of land in a prime location like Bandra East for development is a major strategic move that can significantly impact the company's future revenue and market position.
The company has emerged as the highest bidder in a significant land acquisition, which is a positive development for future growth and project pipeline.
Oberoi Realty Limited announced its participation in a bid invited by the Railway Land Development Authority (RLDA) for the lease of approximately 45,371 sq. mt. (around 11 acres) of railway land in Bandra East, Mumbai. The lease is for a period of 99 years and offers a potential FSI of approximately 19.50 lakh sq. ft.
The financial bids were opened on February 4, 2026, and Oberoi Realty's bid of ₹5,400 Crore has emerged as the highest.
The company is awaiting further communication from RLDA regarding the next steps in the process.
What to do with a filing like this
Oberoi Realty Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Oberoi Realty Limited. Read the original for the full detail.