The Podar Mill, which went under the hammer today, is expected to get higher bids in the remaining two days of the e-auction.
Indiabulls Infratech, National Building Construction Corp, Kohinoor Duet, Peninsula Mega-City Development and Lodha Ultimate are among the eight entities which have evinced interests for buying the sea-facing land.
At the current rates, NTC is likely to fetch more than its own estimates of Rs 5,000 crore (Rs 50 billion) from about 55 acres of closed mills' land that it plans to sell.