MRVC Invites Bids for ₹84.72 Cr Residential Project in Bulla

For a significant residential project in Nirmala Park Railway Colony in Bulla, Mumbai, the Mumbai Railway Vikash Corporation (MRVC) is seeking proposals timetable
In order to support sustainable urban growth and provide housing for railway employees, the project entails the construction of 48 G+28 multi-story residential.

With a 30-month completion timetable from the date of grant, the anticipated cost is 84.72 crore l quarters as well as related works Mumbai, May 7, 2025 The Mumbai Railway Vikash Corporation (MRVC) has invited bids for a significant residential development project worth ₹84.72 crore in Bulla, a locality within the Mumbai.

Metropolitan Region. This move is part of MRVC’s ongoing efforts to improve housing infrastructure for railway employees under the Mumbai Urban Transport Project (MUTP) framework The tender, floated earlier this week, seeks qualified contractors for the construction of residential quarters designated for Central.

Project Scope and Details

The residential project in Bulla will be executed on a design and build basis, and includes the demolition of existing structures, site clearance, civil construction, plumbing, electrical works, and all allied infrastructure required to support modern living standards. The scope also includes green building features incorporation.

According to the tender document, the estimated cost of the project is pegged at ₹84.72 crore with a stipulated completion timeline of 24 months from the date of awarding the contract. The proposed residential complex will comprise multiple buildings with provision for parking, landscaped open spaces, recreational areas.

Objectives Behind the Project

This residential initiative is a part of the Railway Housing Redevelopment Scheme under MUTP-III. It aims to accommodate railway employees who are currently residing in substandard conditions or have been displaced due to rail infrastructure development works. MRVC’s intent is not just to provide better housing but also to enhance the overall urban fabric in areas impacted by transportation expansion.

A senior MRVC official commented, “This is a vital step in addressing the housing needs of railway staff while optimizing land use in a rapidly urbanizing region. The new development will also adhere to disaster resilience standards considering of safety measures, in alignment with the latest urban housing and sustainability.

Pre-Bid and Submission Details

Interested bidders are required to possess prior experience in similar scale norms. Mumbai’s unique environmental challenges and improved accessibility. government or infrastructure housing projects. Pre-bid meetings are scheduled for mid-May to clarify technical and commercial aspects, followed by a final submission deadline.

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All applications must be submitted through the e-procurement portal along with an earnest money deposit (EMD) as specified in the tender. The evaluation will follow a two-bid system—technical and financial—ensuring quality compliance before in early June awarding the contract service providers while optimizing land resources.

Industry Impact and Future Plans

Real estate experts have observed that this project is among several being rolled out under the railway ministry’s broader modernization initiative. As the city continues to face space constraints and pressure on public infrastructure, such residential redevelopments provide a dual advantage enhancing living conditions for essential.

This move by MRVC also signals a growing emphasis on public-private partnerships service providers while optimizing land resources for executing large-scale residential and infrastructure developments. Depending on the success of this model, similar projects may soon be replicated in other railway zones across.

With bidding now underway, industry watchers will be keenly observing the response the country from leading construction firms and infrastructure developers. The outcome of this country to all come to frees tender could set the tone for future railway residential redevelopments in Mumbai and beyond.

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