An online auction of four attached properties has been scheduled by the Brihanmumbai Municipal Corporation (BMC) for October 29, and a floor of ₹120.53 crore in receipts has been targeted. The decision has been framed as part of a broader revenue effort, which has been prompted by a reduction in the civic body’s fixed deposits over the last three years—from ₹91,690 crore in 2021–22 to ₹79,498 crore in 2024–25. Public notices have been issued, and bidder registrations have been opened, while conduct of the e-auction has been entrusted to an external agency to ensure due process and transparency.
Four distinct assets have been prepared for sale. A land parcel linked to the Shanti Sadan CHS at Chunabhatti has been placed with a base price of ₹47.09 crore for 2,500 sq m. A 3,000 sq m plot held by the Housing Commissioner of Bombay has been marked at ₹37 crore. A mixed-use property in Kalbadevi, comprising a house with shops, has been set at ₹26.01 crore for 1,648 sq m. The Rajani Bungalow in Borivali has been valued at ₹10.43 crore for 624 sq m. It has been clarified that a fifth property was initially identified but was withdrawn after outstanding dues were settled prior to publication of the auction notice. It has been further stated that base prices have been aligned with ready reckoner rates for consistency with market guidance.
The resort to auction has been explained by officials through the lens of enforcement. Property-tax arrears have been cited as the principal trigger, with the legal pathway of attachment followed before sale. It has been mentioned that several properties have been entangled in protracted disputes because of multiple ownerships; Rajani House has been cited as a case with seven owners. It has been indicated that recovery of tax dues would be prioritized from the auction proceeds and that any balance amount, where applicable, would be distributed among owners. A condition for successful sale has been prescribed in the form of a minimum of three bidders per lot; if such participation is not recorded, a re-auction has been kept as an option.
The revenue context has been underscored with the civic body’s property-tax performance. A collection of ₹6,011 crore has been reported by March 31 against a ₹6,200 crore annual target, and the figure has been described as the highest ever. Additional monetization initiatives have been put in motion in parallel, including the first-time sale of 426 BMC housing units and the leasing of select municipal plots to private stakeholders. Through these mechanisms, a more assertive fiscal stance has been signalled, under which enforcement against chronic defaults has been tightened and idle or disputed assets have been readied for market disposal. With the auction date approaching, attention has been focused on bidder turnout and price discovery, since adequate participation has been made a prerequisite and re-auction has been provided for if responses remain insufficient.