India, Sept. 24 -- In a rare scenario, 2.67 acres of railway land up for sale in Mahalaxmi is grabbing eyeballs as it will have an FSI of 8, allowing the construction of a 50-75 storey building. Earlier this month, in the pre-bid meeting, over 40-45 developers evinced interest in the land, whose reserve price is Rs.993 crore.

A similar pre-bid meeting was also held on Tuesday, where 60-65 developers from various cities, including Mumbai, Delhi, and Bengaluru, expressed their interest in understanding the nitty-gritty of railway land at Bandra (E) and Parel. Both these meetings were undertaken by the Rail Land Development Authority (RLDA). For Mahalaxmi, the tenders for mixed-use of land - both residential and commercial - are likely to b...