Iconic Mumbai Theatre Land Parcel Available for Prime Redevelopment Opportunity

BRIEF

A landmark legacy property is located in a premium South Mumbai neighborhood. The asset is currently available for acquisition through a formal auction process initiated by the secured lender.

Key Highlights

  • Location: Prime micro-market in South Mumbai with high commercial and cultural visibility
  • Asset Size: ~15,975 sq. ft. land parcel with designated theatre zoning
  • Development Potential: Scope to construct ~40,000 sq. ft. of commercial space (subject to maintaining a theatre component as per regulatory norms)
  • Value Proposition: Rare city-centre freehold asset with high FSI leverage and long-term redevelopment potential
  • Reserve Price: ₹68.4 crore (previous auction received no qualifying bids)

Products & Services

Historically operated as a single-screen cultural venue, the asset offers scope for redevelopment into a premium commercial or mixed-use asset, retaining a theatre facility to comply with zoning. Potential for retail, F&B, or entertainment-led commercial use.

Additional Information

  • Legal Considerations: Property is subject to pending legal matters related to borrower default and title validation; comprehensive diligence is advised
  • Auction Process: Asset available via structured bidding, with all tender-related documents accessible through the designated portal
  • Previous Development Vision: Proposed commercial redevelopment was valued at ~₹300 crore post-completion

A unique opportunity to acquire and repurpose a strategically located cultural asset in one of India’s most sought-after real estate corridors.

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