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.
