Zero bids for railways' prime Bandra plot in Mumbai.

The Indian Railways' plan to sell its sprawling 11-acre land outside Bandra station on the harbour line seems to be jinxed.

Recently, the Rail Land Development Authority (RLDA), which had invited bids for commercial development of the plot, found that no developer was interested in it. 'We did not receive a single bid,' an RLDA officer told TOI.

The railways have been trying to sell this plot, which has a development potential of almost 20 lakh sq ft, since 2008. They expected a price of Rs. 3,500 crore, although internally officials had set a minimum price of Rs. 2,800 crore.

THE TIMES OF INDIA