Mumbai: BMC plan to auction prime plots stalled as two government bodies want to procure them
Representative Image MUMBAI: Eight months after BMC floated tenders to auction three prime land parcels in Mumbai—at Malabar Hill, Worli, and near Crawford market in Fort—the fate of the proposed sale remains uncertain. The move had marked the first time the civic body opted to auction its own plots, indicating a shift in its strategy to monetise real estate assets and generate long-term revenue. However, the auction process faced multiple hurdles. The plan to auction the Malabar Hill plot was scrapped early on following objections from BEST as the land has high-tension transmission lines running through it. Additionally, over 60…