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.

Next Story
Infrastructure Urban

Vice-President Backs Global Unity at IN-STEP 2025

Vice-President of India, Shri C. P. Radhakrishnan, addressed delegates at the 3rd edition of the International Strategic Engagement Programme (IN-STEP) held at the Vice-President’s Enclave in New Delhi. IN-STEP serves as a key dialogue platform for senior national security officers from India and friendly foreign nations. The current edition hosts 44 delegates, including 32 international participants representing 24 Global South countries. Commending the joint efforts of the National Defence College, National Security Council Secretariat, Ministry of External Affairs, and Ministry of Defen..

Next Story
Infrastructure Urban

India to Host Global Maritime Events in Visakhapatnam

India will host three major international maritime events in February 2026 at Visakhapatnam — the International Fleet Review (IFR) 2026, Exercise MILAN 2026, and the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs. Scheduled from 15 to 25 February 2026, this marks the first time India will conduct all three significant maritime gatherings simultaneously. The events embody Prime Minister Shri Narendra Modi’s MAHASAGAR vision — Mutual and Holistic Advancement for Security and Growth Across Regions — announced in 2025. The MAHASAGAR framework extends India’s SAGAR (Security and ..

Next Story
Infrastructure Urban

Heavy Industries Ministry Frees 4.4 Million Sq Ft Under SCDPM 5.0

Inspired by the Prime Minister’s vision to institutionalise Swachhata and clear long-pending matters, the Ministry of Heavy Industries (MHI), along with its Central Public Sector Enterprises (CPSEs) and Autonomous Bodies (ABs), actively participated in the fifth consecutive year of the Special Campaign for Disposal of Pending Matters (SCDPM) 5.0, held from 2 to 31 October 2025. Throughout the campaign, MHI worked closely with the Department of Administrative Reforms and Public Grievances, reporting daily progress on a dedicated monitoring portal. Shri Bhupathi Raju Srinivasa Varma, Minister..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?