BMC Picks Peddar Realty's ₹1,351-Crore Bid for Century Mills Plot

In Mumbai, a place called Lower Parel has a big old factory site called the Century Mills plot.

The factory there closed down in December 2006.

Families of the workers who once worked there have been waiting for new homes for almost 20 years.

The city government, called the BMC, owns the land.

The BMC asked builders to compete to redevelop the land and build the homes.

A company called Peddar Realty won by offering the most money — about 1,351 crore rupees.

Under the plan, the workers' families get new flats, and extra homes will be sold to earn money for the city.

The BMC still needs to give its final approval, which it will consider on Wednesday.

It took so long partly because a court fight over who owns the land only ended in January 2025.

Once finished, the project will finally give the workers' families a permanent place to live.