Land locked: No takers for plots in BKC CBD since 2008

The Bandra Kurla Complex CBD, touted as the new Nariman Point of Mumbai, has not witnessed a single land deal since 2008 even though realty players in the city remain upbeat about the commercial space.

The Mumbai Metropolitan Region Development Authority (MMRDA), the nodal town planning agency, has not tendered a single bid for monetising the land bank of 25-30 hectares it is currently sitting on in the newly developed central business district (CBD).

"We have not been able to sell any land parcel since 2008 as we did not get the desired response for the bids. We have decided to put our land monetisation plan on the backburner as we feel it's not the right time and we will not be able get the price we would be quoting," Deputy Metropolitan Commissioner Anil Wankhede told

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)