Bandra Kurla Complex Mumbai
Bandra Kurla Complex

Mumbai Metropolitan Region Development Authority (MMRDA) on Monday said it had received three bids for preparing the master plan for an International Financial Services Centre at the Bandra Kurla Complex (BKC) area in the city. The bidders will now make a master plan for the project.

The three bidders are the Ahmedabad-based Indian firm INI Design Studio, the consortium of Tata Consulting Engineers and Townland Consultants of Hong Kong, and Ramboll-Henning Larsen Architects of Denmark, reported Press Trust of India.

The Devendra Fadnavis-led government in Maharashtra plans to set up the International Financial Service Centre (IFSC) at BKC as a global financial hub.

The IFSC project was earlier mired in controversy as the same area was supposed to be allotted to the Indian Railways for setting up a train station for Mumbai-Ahmedabad bullet train project. The railway ministry required 0.9 hectares of BKC land for access to the underground station. However, the Maharashtra state government had said giving away the piece of land to the railways would hamper the state's IFSC project. State government officials held that building the underground station would result in a loss of revenues worth Rs. 10,000 crore.

However, on June 20, the Maharashtra government withdrew its objections and agreed to provide land at BKC for building an underground station.

MMRDA, which was established in 1975, is engaged in long-term planning, promotion of new growth centres, implementation of strategic projects and financing infrastructure development. It prepares plans, implements projects and helps in directing investments in the region in and around Mumbai.