MHADA Mumbai Plans New Scheme to Sell 48 Shops

MHADA to Sell 48 Mumbai Shops Without E-Auction After Diwali 2026, IAS Sanjeev Jaiswal-Led Board Plans New Scheme

The MHADA Mumbai Board is preparing to offer vacant commercial shops through a first-come, first-served scheme after Diwali 2026, giving eligible buyers an alternative to the traditional e-auction process.

The Maharashtra Housing and Area Development Authority (MHADA) Mumbai Board is planning a new initiative to sell its unsold commercial shops across Mumbai without the usual e-auction process. The proposed scheme is expected to open applications after Diwali 2026 and will follow a first-come, first-served model.

The initiative aims to improve the sale of vacant commercial properties after several rounds of e-auctions failed to attract enough buyers. The Mumbai Board, under the leadership of IAS officer Sanjeev Jaiswal, is working on a new system to make the allotment process more accessible and efficient.

According to a report, the proposed scheme will cover unsold shops in areas including Malad, Malvani, Bimbisar Nagar, Chunabhatti, and Sion.

MHADA Introduces First-Come, First-Served Model for Shop Sales

MHADA generally sells commercial shops developed as part of its housing projects through an e-auction. Under this system, interested buyers submit bids, and the property is allotted to the highest bidder, subject to the applicable conditions.

However, several commercial units have remained unsold over the past two to three years despite repeated auction attempts. This has affected the sale of these properties and delayed the expected revenue from them.

To address the issue, the Mumbai Board is planning to adopt a first-come, first-served approach similar to the system used for certain vacant residential properties.

The proposed model could make it easier for eligible buyers to purchase commercial spaces without competing through the traditional bidding process.

Online Application Process Expected to Begin After Diwali

The Mumbai Board is preparing a separate computerized system to manage applications and allotments under the new scheme. The system will be tested before MHADA releases an official advertisement and begins accepting applications.

Under the proposed arrangement, applicants who submit their applications and the required deposit first will receive priority, subject to eligibility requirements and the scheme's terms and conditions.

Successful applicants will also need to pay the prescribed portion of the shop's sale price within the specified deadline. If an applicant fails to complete the required payment on time, MHADA may offer the property to the next eligible applicant, in accordance with the final scheme rules.

The official notification will clarify the application procedure, payment schedule, deposit requirements, and other conditions.

MHADA Shops Available in Malad, Malvani, Sion and Other Areas

The proposed scheme will cover vacant commercial properties in several Mumbai locations, potentially creating opportunities for small business owners, entrepreneurs, and property investors.

The areas mentioned in the report include:

• Malad
• Malvani
• Bimbisar Nagar
• Chunabhatti
• Sion

The report refers to both 48 and 49 shops in different sections. Therefore, the final number of commercial units available for sale will need to be confirmed through MHADA's official announcement.

What Buyers Need to Know Before Applying

People interested in purchasing a MHADA commercial shop should watch for the official advertisement, which is expected after Diwali 2026.

The notification is expected to provide important details, including:

• The final number and locations of available shops
• Property prices and applicable charges
• Eligibility criteria for applicants
• Application and deposit procedures
• Payment deadlines and allotment conditions

Applicants should review the official terms carefully and rely only on authorized MHADA channels for application details and payments.

New MHADA Scheme Could Create More Opportunities for Business Owners

The proposed first-come, first-served scheme could offer an alternative route for buyers seeking commercial property in Mumbai. By moving away from repeated e-auction attempts for these unsold units, MHADA aims to improve property sales and make vacant commercial spaces available to interested purchasers.

MHADA Mumbai Board's planned initiative could help bring these properties into use while offering prospective buyers another opportunity to secure a commercial space.

However, the scheme is still awaiting its official announcement. Buyers should wait for MHADA to confirm the final inventory, eligibility conditions, prices, and application dates before making any financial commitment.