MMRDA's TDR sale may earn over Rs 150 crore

The Mumbai Metropolitan Region Development Authority (MMRDA), which has put on the block around 30,000 sq metres of transfer of development rights (TDR), today said the sale will fetch over Rs 150 crore

Mumbai: The Mumbai Metropolitan Region Development Authority (MMRDA), which has put on the block around 30,000 sq metres of transfer of development rights (TDR), today said the sale will fetch over Rs 150 crore.

Nearly 30,000 sq metres, or 3.22 lakh sq ft, of TDR have been generated from slum rehabilitation projects at Nirlon and NESCO plots in suburban Goregaon and Ajgaonkar in suburban Jogeshwari, an MMRDA statement said here.

"The deal is expected to garner over Rs 153.98 crore," it said.

While the highest bid for the Nirlon plot at Goregaon was Rs 52,000 per sq metre, NESCO was bid at Rs 51,000 per sq metre and Ajgaonkar Rs 51,000 per sq metre, it said.

As many as 12 companies had bid for the plots. "The bid documents and the winning bidders will be finalised by the scrutiny committee within four weeks," it said.

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