Archive · 3 Jun 2025
Schloss Bangalore Consortium Wins Bid for BKC Plot for Luxury Hotel
A company called Schloss Bangalore, which runs luxury hotels like The Leela, won a bid to buy land in Mumbai's BKC area.
They will pay over 1,300 crore rupees for it.
They plan to build a fancy hotel with 250 rooms, along with other things.
The company already runs 12 hotels.
They made a profit last year, after a loss the year before.
The company is leasing the land for 80 years and must pay all the money before they can build.
Schloss Bangalore consortium secured a commercial plot in Mumbai's BKC.
The bid amount for the plot is ₹1,302.15 crore, with an 80-year lease.
The consortium plans to develop a mixed-use project with a 250-key luxury hotel.
Schloss Bangalore operates under "The Leela" brand in India.
The company posted a profit of ₹47.66 crore for the fiscal year ending March 31, 2025.
- Who
- Schloss Bangalore Private Ltd, along with its subsidiary Schloss Chanakya Pvt Ltd and Arliga Ecospace Business Parks Pvt Ltd.
- What
- Schloss Bangalore consortium secured a commercial plot.
- When
- The bid was won in April 2025, with the announcement on Tuesday, June 3rd.
- Where
- Mumbai's Bandra-Kurla Complex (BKC).
- Why
- To develop a mixed-use project, including a 250-key luxury hotel.
- Winning Bidder
- Schloss Bangalore Private Ltd
- Location
- Plot No. 80, 'G' Block, BKC, Mumbai
- Plot Size
- 8,411.88 square meters
- Permissible Built-Up Area
- 33,647.52 square meters
- Lease Term
- 80 years
- Total Lease Premium
- ₹1,302.15 crore
- Hotel Keys
- 250