India, May 12 -- The Mumbai Metropolitan Region Development Authority (MMRDA) has put nine prime plots in the Bandra Kurla Complex (BKC) on the block, with an eye on shoring up revenues and reducing dependence on financial institutions. The nine plots have a combined area of around 53,461 square metres (around 13 acres), and the MMRDA is hoping to make at least Rs.9,284.88 crore by offering them on long term lease, based on reserve prices mentioned in the tender floated on May 11.

The nine plots, all in BKC's 'G' block, include five commercial plots with a reserve price of Rs.4,82,992 per square metre of built-up area (BUA), which are being offered on lease for the first time. Among the four residential plots which have a reserve price o...