Over ₹580 Crore Investment to Boost World-Class Healthcare and Educational Facilities in Bandra-Kurla Complex; Allotment Letters Handed Over to Successful Bidders by Hon’ble Deputy Chief Minister

POSTED BY:- Poonam S. Juthani
DT:-30/04/2026
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*Mumbai, April 28, 2026:*
The Mumbai Metropolitan Region Development Authority (MMRDA) has taken a decisive step towards strengthening social infrastructure at the Bandra-Kurla Complex (BKC), one of the country’s premier financial hubs, by issuing Allotment letters for land allotment to leading institutions in the healthcare and education sectors. With an investment of over ₹580 crore, the development of world-class healthcare and educational facilities in BKC has been set in motion.

The Allotment letters were handed over by Hon’ble Deputy Chief Minister and Chairman of MMRDA, Shri Eknath Shinde, in the presence of Metropolitan Commissioner Dr. Sanjay Mukherjee, Principal Secretary to the Deputy Chief Minister Shri Naveen Sona, and Additional Chief Secretary (Urban Development) Shri Aseem Gupta.
The allotment letters were formally handed over to Mr. Ajay Thakkar, Chairman and Managing Director, Jupiter Lifeline Hospitals, and Dr. Vijay Patil, Chairman and Managing Director, D. Y. Patil University.

*Jupiter Lifeline Hospitals – World-Class Multi-Speciality Hospital*
Under this initiative, the SF-5 plot (Social Facility – Hospital) located in the “G-Text Block” at BKC has been allotted to Jupiter Lifeline Hospitals Ltd. following a successful bidding process. With a plot area of 10,026.44 sq. m. and a permissible built-up area of 20,052.88 sq. m., the bid has been accepted at a rate of ₹1,76,533.25 per sq. m., amounting to a total of approximately ₹354 crore. The project will feature a state-of-the-art, multi-speciality, world-class hospital.

*D. Y. Patil Education Group – Modern Educational Centre*
Similarly, the SF-6 plot in the “G-Text Block” has been allotted to D. Y. Patil, Navi Mumbai. With a plot area of 5,117.85 sq. m. and a permissible built-up area of 10,235.70 sq. m., the bid has been accepted at a rate of ₹2,19,819 per sq. m., amounting to a total of approximately ₹225 crore. This project will lead to the development of a modern, world-class educational centre equipped with diverse academic programs in BKC.

*Transparent Bidding Process and Sustainable Development*
Through a transparent e-tendering process implemented by MMRDA, eligible and highest bidders were selected. This initiative aims to enhance the quality of social infrastructure in the city through public-private partnership, contributing to long-term sustainable urban development.

*Holistic Development of BKC – A New Benchmark*
The Bandra-Kurla Complex (BKC) is evolving beyond being merely a financial and business district into a comprehensive, inclusive, and self-sustained urban ecosystem. With the integration of world-class healthcare and educational facilities alongside advanced commercial infrastructure, strong transport and metro connectivity, and citizen-centric social amenities, BKC is shaping into a balanced ‘Live–Work–Learn–Heal’ development model. This integrated approach is positioning BKC not just as a business hub, but as an international-standard urban centre offering a high quality of life and setting a benchmark for future urban development.

Hon’ble Chief Minister Shri Devendra Fadnavis said that:
*Mumbai’s growth hubs are being designed as inclusive, future-ready urban ecosystems where development is not limited to business districts, but extends to quality of life. Through initiatives like this, we are ensuring that Mumbai 3.0 evolves as a city where economic growth is supported by world-class social infrastructure, making our urban centres more inclusive, accessible, and sustainable.*

Hon’ble Deputy Chief Minister & Chairman MMRDA Shri. Eknath Shinde Said,
*“Bandra-Kurla Complex is not just India’s premier financial district, but is now evolving into a holistic urban destination that integrates economic growth with quality of life. The development of world-class healthcare and educational facilities through this land allotment will ensure that BKC becomes more inclusive, citizen-centric, and future-ready. These projects will significantly enhance access to high-quality social infrastructure for Mumbai’s citizens.”*

Dr. Sanjay Mukherjee, IAS, Metropolitan Commissioner-MMRDA Said:
*At MMRDA, we are consciously moving from isolated infrastructure creation to building complete urban ecosystems. This allotment ensures that BKC’s growth is balanced with world-class healthcare and education facilities. It is about correcting the gap between economic development and social infrastructure—at scale and with intent. The land allotment has been carried out through a transparent e-tendering process in accordance with CVC guidelines.”*