MHADA Extends e-Auction Deadline for 84 Non-Residential Shops: Is This Your Chance to Invest in Mumbai's Prime Locations?

In a significant development that reflects both efficiency and responsiveness under the leadership of IAS Sanjeev Jaiswal, the Mumbai Housing and Area Development Board (MHADA) has announced the extension of the e-auction process for the sale of 84 non-residential shops. This move comes as part of MHADA’s ongoing efforts to streamline property sales and ensure more people have access to prime commercial spaces in the city.

What Is This e-Auction All About?

The e-auction, initially scheduled to conclude in January, has now been extended until 2 February 2026, giving prospective buyers more time to register and submit their applications. The online bidding process for the sale of these commercial spaces will take place on 4 February 2026 from 11:00 AM to 5:00 PM.

These 84 non-residential shops are spread across various housing projects in Mumbai, including locations like Mulund Gavanpada, Kurla – Swadeshi Mill, Kopri Powai, Majaswadi Jogeshwari, Bimbisar Nagar, Malvani Malad, and Charkop. With many of these spaces located in busy commercial hubs, they offer a fantastic opportunity for investors looking to secure a commercial property in high-demand areas of Mumbai.

The Opportunity: Affordable Commercial Space in Mumbai

One of the most crucial highlights of this e-auction is the revised pricing structure. MHADA has decided to set the base sale price of these properties at par with 100% of the commercial ready reckoner rate. This price adjustment makes these non-residential shops much more affordable than before, opening up opportunities for a wider range of entrepreneurs, small business owners, and investors.

MHADA's decision to revise the sale price is in response to the current market conditions and increasing demand for affordable commercial spaces. Mr. Milind Borikar, Chief Officer of MHADA, has appealed to citizens to take advantage of this unique opportunity to invest in Mumbai’s prime real estate sector.

Eligibility and Application Process

To participate in this e-auction, applicants must meet certain eligibility criteria:

Age Requirement: Applicants must be 18 years or older.

Domicile Certificate: A domicile certificate issued by the State of Maharashtra after 2018 is mandatory.

Earnest Money Deposit (EMD): Applicants will need to pay the prescribed earnest money deposit, which is based on the offset price of each shop.

The auction process is entirely online, and all interested applicants can visit the MHADA e-auction portal to get more details on each shop, eligibility criteria, application procedures, and the terms and conditions. The detailed information booklet is available on the official websites: https://eauction.mhada.gov.in
 and https://mhada.gov.in
.

The Market Situation: Why This Auction Matters

Mumbai’s real estate market is often touted as one of the most expensive in the country. Despite this, there is an ever-growing demand for affordable commercial spaces, especially in locations like Thane, Kalyan, and Kurla, where businesses are looking for affordable setups. The non-residential spaces on offer through this MHADA e-auction are a critical part of the supply equation, offering commercial spaces at a price point that’s more in line with the average entrepreneur’s budget.

These locations are attractive due to their accessibility and their proximity to residential areas, transport links, and growing business hubs. With the real estate market becoming increasingly competitive, this auction provides a unique opportunity for small businesses and startups to secure prime commercial real estate in Mumbai without having to break the bank.

The Larger Vision: Empowering Entrepreneurs and Small Businesses

This auction is more than just a real estate transaction—it’s a strategic push by MHADA to address the growing demand for commercial properties while simultaneously reducing the financial burden on those trying to establish businesses in Mumbai. The affordable price point and revised sales process reflect a shift towards inclusive growth that encourages entrepreneurs from all sectors to engage with the city's dynamic economic landscape.

Additionally, this move is a testament to the adaptive approach being championed by IAS Sanjeev Jaiswal and his team. As real estate prices continue to rise across Mumbai, the need for affordable and sustainable housing and commercial spaces is more pressing than ever. By taking proactive measures like this e-auction, MHADA is not only addressing the needs of businesses but also empowering local entrepreneurs to thrive in Mumbai's competitive marketplace.

Conclusion: A Call to Action

For investors, small business owners, and entrepreneurs, this MHADA e-auction offers a window of opportunity to secure affordable commercial space in the heart of Mumbai. With revised pricing, a more accessible application process, and properties located in high-demand areas, now is the time to make your move.

Whether you’re looking to start a business or expand an existing one, these 84 non-residential shops provide the perfect platform for growth. Apply now before the 2 February 2026 deadline and seize the opportunity to secure your spot in one of Mumbai's most vibrant commercial locales.