The new headquarters will rise on a prime ₹3,472-crore land parcel, reinforcing Nariman Point's position as India's financial hub.

RBI Invites Bids for ₹1,586-Crore Central Office at Mumbai's Nariman Point.

The Reserve Bank of India (RBI) has invited bids for the construction of its new Central Office Building at Nariman Point, Mumbai, with an estimated project cost of ₹1,586 crore. The office will be developed on a premium land parcel acquired from Mumbai Metro Rail Corporation Ltd. (MMRCL) for ₹3,472 crore in 2025, one of the city's largest government-to-government real estate transactions. The project will be executed on a Design and Build (DB) basis through a two-stage, two-envelope techno-commercial bidding process, requiring bidders to submit multiple architectural concepts before financial evaluation. Construction is expected to be completed within 60 months, including monsoon periods. Interested firms must submit an Earnest Money Deposit (EMD) of ₹31.72 crore, while the selected contractor will provide a 5% performance security. The project aims to create a modern, state-of-the-art headquarters that reflects the RBI's stature at one of India's most prestigious business locations.