Two hundred staff homes for the Reserve Bank of India go up at Ekta Nagar in Mazagaon, and the ₹356.81 crore RBI quarters tender closes at 3:00 PM on 19 November 2026.
What gets built at Ekta Nagar
Telecommunications Consultants India Limited is inviting the work on behalf of the Reserve Bank of India: 200 quarters, split as 150 of Grade B and C and 50 of Grade A, plus a podium carrying an amenity block and a multipurpose hall. The reference is TCIL/Infra/26-27/RBI/Mumbai/01 and the portal calls the delivery route EPC Mode III.
Mazagaon is dense dock-side Mumbai, so the site is tight, the neighbours are close and material has to arrive on a schedule rather than a stockpile. The portal allows 990 days.
Reading the bid terms
The estimate is ₹3,56,81,00,000 against an EMD of ₹3,67,00,000 and a fee of ₹11,800. Bids open at 3:00 PM on 20 November, the day after closing. Residential towers of this size reward a bidder with its own formwork system and a finishing team it does not have to hire fresh.
High-rise residential work is a crane and concrete story rather than an earthmoving one. A piling rig goes in first, then a tower crane and a concrete pump stay for most of the 990 days, fed by transit mixers that have to time their runs around Mumbai traffic restrictions. A backhoe loader handles the basement, the service trenches and the podium surround, and a small excavator is useful for the raft. Owners who hire out mixers and pumps in the island city are the natural suppliers here.
Key facts
Tender ID
2026_TCIL_295256_1
Reference no.
TCIL/Infra/26-27/RBI/Mumbai/01
Issuing authority
Telecommunications Consultants India Limited, Corporate Office, TCIL Bhawan
Location
Ekta Nagar, Mazagaon, Mumbai
Estimated value
₹356.81 crore (₹3,56,81,00,000)
EMD
₹3,67,00,000
Tender fee
₹11,800
Form of contract
EPC Contract (the notice calls it EPC Mode III)
Published
22 October 2026
Bids close
19 November 2026, 3:00 PM (extended from 12 November 2026)
Construction of 200 quarters for the Reserve Bank of India at Ekta Nagar, Mazagaon, Mumbai, made up of 150 Grade B and C units and 50 Grade A units, along with a podium carrying an amenity block and a multipurpose hall.
Who is the issuing authority?
Telecommunications Consultants India Limited, from its corporate office at TCIL Bhawan, acting for the Reserve Bank of India.
What is the estimated value?
₹356.81 crore, shown on the portal as ₹3,56,81,00,000, with an EMD of ₹3,67,00,000.
How long is the contract?
990 days. Bids close at 3:00 PM on 19 November 2026 and open at 3:00 PM the next day.
Tender details are summarised for convenience and may change. Always verify the latest dates, terms and documents on the official tendering portal before bidding. DesiMachines is not responsible for changes made by the issuing authority.
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