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MHADA: Conducting E-Auction for 170 stores in Mumbai

Jan 03 2024
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End-of-January e-auction; promotion for 170 stores; Mumbai Mandal, a gift from MHADA, for the New Year

Attention, Mumbai's aspiring marketers! Brace yourselves for an exciting kickstart to the brand new 12 months because the Maharashtra Housing and Vicinity Improvement Authority (MHADA) Mumbai division gears up for an especially anticipated e-public sale offering a fantastic array of 170 shops, set to start at the cease of January. After a short hiatus, the public sale is now gaining momentum, promising a February packed with thrilling bids and prosperous opportunities.

Mumbai eAuction Properties: List Here

MHADA's e-public sale guarantees a various choice of stores, ranging from a comfortable 9 square meters to a spacious 200 rectangular meters, catering to the varied wishes of organizations. Whether or not you envision a quaint cafe or a grand retail area, high places like Pratikshanagar, Gavan Pada, Tunga Powai, Goregaon, and Malvani are up for grabs, each providing significant capability.

put together to unleash your entrepreneurial spirit, because the price variety for those shops is nothing quick of outstanding, beginning from a modest Rs. 25 lakhs and reaching an impressive Rs. 13 crores! This broad spectrum ensures that both budding entrepreneurs with limited budgets and established players seeking premium real estate have an opportunity to secure their dream shop.

Bid with ease, as MHADA's e-auction platform simplifies the process, providing a user-friendly and transparent experience. Once the advertisements are released, follow the guidelines, submit your deposit, and gear up to compete for your desired shop. Eligibility checks and the auction itself are scheduled for February, with the highest bidder emerging victorious.

Beyond individual success stories, this e-auction plays a pivotal role in revitalizing MHADA's finances. With numerous vacant shops, especially in areas like Bimbisarnagar and Goregaon, the initiative aims to generate substantial revenue, leading to improved infrastructure and services for MHADA residents and the broader community.

Place Number of Shops
Pratikshanagar, Shiv 15
indigenous mill 5
Gavanpada, Mulund 8
Tunga, Powai 3
Bimbisarnagar, Goregaon 17
Malvani 57
Charkop 34
back 12
Kandivali 12
other 5

Mark your calendars for overdue January, hone your bidding techniques, and put together to immerse yourself in the MHADA e-public sale frenzy! With one hundred seventy shops on the road, the opposition will be intense, but the rewards are certainly really worth it. Seize the opportunity this New Year to transform your business dream into a thriving reality in the heart of Mumbai!

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