The Mumbai Metro Rail Corporation (MMRC) has decided to consider a formal request from the Reserve Bank of India (RBI) for a prime land parcel at Nariman Point. The central bank has sought the land parcel for its offices.

The Request for Proposal (RFP) for property development at this premium location, issued on October 3, 2024, via the CPPP Portal, was widely disseminated through publications in prominent national and international newspapers. MMRC also conducted outreach through roadshows in Mumbai, Bengaluru, and Delhi in the months of October and November last year.