Real estate enthusiasts in Mumbai take note: Mhada has officially prolonged the cutoff for e-auction applications on 84 non-residential shops, now open until February 2, 2026, 11:59 PM. This adjustment reflects the authority’s effort to broaden bidder engagement for these sought-after assets.
Set to go live on February 4, 2026, between 11 AM and 5 PM online, the auction targets pre-qualified participants. The outcome, consolidating all bids, drops on February 5 at 11 AM, streamlining the process for transparency.
Breakdown of locations reveals a diverse spread: Mulund Gavanpada hosts 4, Kurla (Swadeshi Mill) 5, Kopri Powai a significant 15, Jogeshwari East’s Model Town Majaswadi 1, Goregaon’s Siddharth Nagar 1, Bimbisar Nagar Goregaon East 17, Malad’s Malvani 29, and Charakop 12—totaling prime spots for retail ventures.
Reserve prices align with 100% Ready Reckoner commercial benchmarks per the latest policy, post-reduction, making them competitively priced. Mhada Mumbai Chief Milind Borikar passionately invites applications, positioning this as a golden chance for commercial expansion.
Key requirements include minimum age of 18, a Maharashtra domicile post-2018, and earnest money submission. The website is a treasure trove of info: eligibility norms, shop profiles, social quotas, step-by-step application help, rules, and an informative brochure.
Applicants must pore over these materials diligently. By extending the timeline, Mhada fosters greater accessibility, potentially igniting business innovation across Mumbai’s vibrant suburbs and reinforcing its role in urban development.