BMC to Auction Two City Properties Worth Rs 63 Billion
ECONOMY & POLICY

BMC to Auction Two City Properties Worth Rs 63 Billion

The Brihanmumbai Municipal Corporation (BMC) will auction two properties in Kalbadevi and Chembur with pending property tax dues, after two other defaulters cleared their outstanding payments. The auction, initially scheduled for Wednesday, has been postponed to 6 November, with the total expected revenue estimated at Rs 6.3 billion.

On 1 October, the BMC issued a public notice announcing the auction of five immovable properties due to unpaid property taxes. One of these — a Vile Parle property with dues and penalties amounting to Rs 1.94 billion — has since cleared its outstanding amount.

However, four other properties, including land parcels, shops, and a residential house, remained listed for auction as their owners had yet to settle dues. “The owners of the two properties at Chunabhatti and Borivali have now cleared their dues,” said a senior civic official, adding that only two properties remain up for auction.

The first is a plot of land owned by the Housing Commissioner of Bombay, located in Chembur, with a base price of Rs 3.7 billion and an area of 3,073 sq m. The second is a residential-cum-commercial unit on Abdul Rehman Street in Kalbadevi, with a base price of Rs 2.6 billion and an area of 1,648 sq m. An external agency has been appointed to conduct the online auction.

Officials said that if there is insufficient bidder participation, a re-auction may be organised. For the auction to proceed successfully, at least three bidders must register in the system.

The last BMC property auction took place nearly four decades ago, making this sale a significant step in the corporation’s renewed push to recover long-pending dues.

Mumbai’s cumulative outstanding property tax arrears have now surged to Rs 2.2 trillion, including penalties accumulated over the past 15 years, with some default cases dating back to 2010.

The upcoming auction underscores the BMC’s intensified recovery drive as it seeks to improve revenue collection and enforce accountability among property owners across the city.

The Brihanmumbai Municipal Corporation (BMC) will auction two properties in Kalbadevi and Chembur with pending property tax dues, after two other defaulters cleared their outstanding payments. The auction, initially scheduled for Wednesday, has been postponed to 6 November, with the total expected revenue estimated at Rs 6.3 billion. On 1 October, the BMC issued a public notice announcing the auction of five immovable properties due to unpaid property taxes. One of these — a Vile Parle property with dues and penalties amounting to Rs 1.94 billion — has since cleared its outstanding amount. However, four other properties, including land parcels, shops, and a residential house, remained listed for auction as their owners had yet to settle dues. “The owners of the two properties at Chunabhatti and Borivali have now cleared their dues,” said a senior civic official, adding that only two properties remain up for auction. The first is a plot of land owned by the Housing Commissioner of Bombay, located in Chembur, with a base price of Rs 3.7 billion and an area of 3,073 sq m. The second is a residential-cum-commercial unit on Abdul Rehman Street in Kalbadevi, with a base price of Rs 2.6 billion and an area of 1,648 sq m. An external agency has been appointed to conduct the online auction. Officials said that if there is insufficient bidder participation, a re-auction may be organised. For the auction to proceed successfully, at least three bidders must register in the system. The last BMC property auction took place nearly four decades ago, making this sale a significant step in the corporation’s renewed push to recover long-pending dues. Mumbai’s cumulative outstanding property tax arrears have now surged to Rs 2.2 trillion, including penalties accumulated over the past 15 years, with some default cases dating back to 2010. The upcoming auction underscores the BMC’s intensified recovery drive as it seeks to improve revenue collection and enforce accountability among property owners across the city.

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