In a development that could reshape sentiment in Mumbai’s property market, the 426-acre Dahisar land parcel owned by Housing Development and Infrastructure Limited (HDIL) is set to go under the hammer. Once among Mumbai’s most prominent real estate developers, HDIL has been battling severe financial distress, with debts exceeding ₹2,000 crore owed to various lenders.
The auction is being initiated by Unity Small Finance Bank (USFB) — which took control of the assets after the merger with the former PMC Bank — as part of its ongoing efforts to recover dues from the debt-laden developer.
| Feature | Details |
|---|---|
| Location | Dahisar (West), Mumbai |
| Land Area | 426 acres |
| Reserve Price | ₹1,234.62 crore |
| Earnest Money Deposit (EMD) | ₹15 crore |
| Auction Date | November 3, 2025 |
| Bidding Increment | ₹2 crore |
The massive parcel — located in one of Mumbai’s key suburban zones — has attracted attention from property developers and institutional investors seeking large-scale development opportunities within city limits.
Despite its size and strategic location, the Dahisar land is not free from hurdles. The property is entangled in ongoing legal proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
In a related case, the Debt Recovery Tribunal (DRT) has restricted Ravjyot Finance and Leasing Pvt. Ltd. from creating any third-party rights on the asset. In addition, several clearances — including from the Ministry of Environment, Forest and Climate Change (MoEF), the Maharashtra Coastal Zone Management Authority (MCZMA), and the Airports Authority of India (AAI) — remain pending. These regulatory requirements could influence both the land’s valuation and the timeline for any future development.
While legal and environmental concerns may deter some bidders, the plot’s potential is undeniable. Developers see an opportunity to turn the area into a mixed-use mega township combining residential, commercial, and leisure components.
Key advantages include:
Strategic Connectivity: The land enjoys proximity to major transport corridors and urban business districts.
Scale and Flexibility: With 426 acres available, developers can plan integrated urban ecosystems — a rarity in Mumbai’s dense real estate landscape.
Long-Term Return Potential: Once regulatory and compliance issues are resolved, the appreciation potential is substantial.
Analysts believe that if the Dahisar auction proceeds smoothly, it could signal renewed investor confidence in Mumbai’s stalled real estate assets. The project’s revival would not only help lenders recover part of their dues but also demonstrate the viability of restructuring large distressed assets through transparent auction mechanisms.
However, experts caution that due diligence will be critical. Interested bidders must evaluate land title clarity, zoning regulations, and environmental permissions before making any commitments.
| Detail | Information |
|---|---|
| Auction Date | November 3, 2025 |
| Reserve Price | ₹1,234.62 crore |
| Earnest Money Deposit (EMD) | ₹15 crore |
| Bid Increment Value | ₹2 crore |
Unity Small Finance Bank will conduct the auction following standard recovery and regulatory procedures. Participants are required to submit all documentation and the EMD well in advance of the auction date.
The HDIL Dahisar land auction could mark a turning point for both creditors and Mumbai’s real estate sector. The parcel’s vast scale and prime location offer significant development potential — but the project’s success will hinge on how effectively buyers navigate the legal, environmental, and regulatory complexities surrounding the property.
If executed transparently, the sale could restore market confidence, attract long-term institutional investment, and signal a revival in the city’s high-value land redevelopment space.