MHADA Announces Online Auction for 84 Commercial Shops in Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has announced an online auction of 84 commercial properties across high-demand areas in Mumbai. This initiative aims to monetise MHADA’s commercial inventory while providing opportunities for entrepreneurs and investors to secure space in premium locations. The move comes amid rising retail rents in Mumbai, signalling strong demand for quality commercial spaces.

Why Does This Auction Matter?

Mumbai’s retail leasing market has witnessed double-digit growth in rents across prime high-street locations. According to Cushman & Wakefield’s Q3 2025 Retail Marketbeat Report, rents have surged between 10% and 24.2%, reflecting a landlord-driven market with limited supply. MHADA’s auction offers buyers a chance to lock in long-term commercial property ownership at competitive prices.

Key Features of MHADA’s Commercial Units

The properties listed for auction are located within large residential colonies and established marketplaces, making them ideal for businesses such as pharmacies, salons, cafés and mobile shops. Successful bidders will receive leasehold ownership under MHADA’s standard terms, ensuring a legally clean title and reducing uncertainty for first-time investors.

Fully Digital Auction Process

MHADA has confirmed that the entire auction will be conducted online to ensure transparency and eliminate middlemen. Through the official e-auction portal, applicants can access property details, base prices, floor plans and locations. Registration is mandatory within the specified timeframe, and late applications will not be accepted.

Earnest Money Deposit Requirement

Participation in the auction requires an Earnest Money Deposit (EMD), which varies based on the property’s base price. The EMD is refundable for unsuccessful bidders and serves as a confirmation of genuine interest. Payments can be made through the portal using listed digital payment options.

Read More: Maharashtra Launches New Incentive Scheme for Sugar Mills.

Conclusion

MHADA’s decision to auction 84 commercial shops online is expected to attract strong interest from small businesses and investors seeking prime locations in Mumbai. With rising retail rents and limited supply, this initiative offers a transparent and structured way to secure long-term commercial property ownership. The fully digital process ensures ease of participation and fairness for all bidders.

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