The Rail Land Development Authority has decided to redevelop the Supari Baug Colony at Parel in Mumbai. It has floated tender for engaging architectural and real estate consultancy for the site located in South Mumbai in the vicinity of corporate hubs such as Nariman Point, BKC and possesses excellent connectivity to the prominent landmarks of the city. The objective of the redevelopment is to enhance the living quotient and boost real estate prospects in the surrounding areas.
The selected consultant will be mandated to study the site, prepare Master Plan as per existing building by-laws, road layout preparation to utilize maximum FAR/ FSI in the plot and secure necessary approvals from local authorities. The colony spans 21,300 sq metre and falls under the Chhatrapati Shivaji Terminal Railway Station, Mumbai. The consultant will be selected through a single-stage, single packet bid system.