By Admin 
The Reserve Bank of India (RBI) has shocked everyone by executing the country’s largest property deal. RBI has purchased 4.61 acres of land from Mumbai Metro Rail Corporation Limited (MMRCL) for Rs 3,472 crore at the premium location Nariman Point in Mumbai. This land is very close to the headquarters of the Ministry of Ministry, Bombay High Court and large corporate companies, which increases its strategic and commercial significance even more. RBI will use this land to expand its headquarters. The special thing is that the market value of this deal was estimated to be only Rs 848.51 crore, but RBI signed a deal at a higher price keeping in mind its strategic location. A stamp duty of more than Rs 208 crore has also been paid on this deal. The original ownership of this land was with the Government of Maharashtra, which was transferred to MMRCL for Metro Line 3 in March 2023. The deal not only strengthens the presence of RBI, but is also a milestone in the real estate sector of Mumbai.