Mumbai prepares to auction plots for its third Central Business District in Wadala, triggering property price appreciation and corporate interest in the well-connected eastern corridor poised to complement BKC and Lower Parel.

MMRDA has invited bids for a premium 2.7-acre commercial plot in Wadala with a reserve price of ₹1,629 crore, marking a strategic push to develop Mumbai's third major central business district alongside BKC and Nariman Point, with a bid deadline of January 7, 2026.

Central authorities will auction 17 properties worth hundreds of crores belonging to 1993 Mumbai blasts accused Tiger Memon, including prime Mumbai flats and a ₹400 crore land parcel, marking a major step in terrorism-linked asset recovery.

A 426-acre HDIL land parcel in Dahisar West is set for e-auction at ₹1,234 crore reserve price to recover over ₹2,059 crore in outstanding dues, marking one of Mumbai's largest distressed asset sales.

Maharashtra has identified 462 enemy properties across 11 districts, with more than half located in Mumbai. The government plans to publish complete details publicly to boost transparency and attract investors for potential monetization.

CIDCO will auction 30 plots in Ulwe, Dronagiri & nearby zones around Navi Mumbai International Airport for bungalow and commercial development, offering ready infrastructure and strong investor appeal.

BMC issues 21-day ultimatum to five Mumbai property owners owing ₹27 crore in taxes, including luxury Juhu hotel, before auction proceedings begin.

A historic ₹1,495 crore CIDCO land deal in Navi Mumbai's Nerul sector has set new price benchmarks at ₹7.65 lakh per square meter, driven by the upcoming international airport's proximity and infrastructure boom.

The MHADA Mumbai Housing and Area Development Board is set to hold an e-auction for the sale of 173 non-residential shops on June 27, 2024.

Nearly a third of Godrej's extensive 3,000-acre land holdings, which have been part of the family assets since the early 1940s after acquisitions through government auctions and subsequent plot purchases, is poised for development.