After a lottery of nearly 820 homes, Maharashtra Housing and Area Development Authority’s (MHADA) Mumbai Board is all set to introduce an e-auction of 108 commercial premises, for which the process was initiated on Friday when MHADA published a tender seeking a bank through which it can complete the whole process.Of the total 108 commercial establishments, 36 are in Pratiksha Nagar in Sion, four in Mazgaon, 14 in Vinoba Bhave Nagar in Kurla, five in Swadeshi Mill in Kurla, seven in Mankhurd, five in Powai, 11 in Mulund, one in Jogeshwari, four in Shastri Nagar in Goregaon, one in Siddharth Nagar in Goregaon and the remaining 20 in Charkop in Kandivili.The process of finalising the bank is expected to be complete by the first week of January. On Friday, MHADA’s Mumbai Board issued a tender inviting the expression of interest from nationalised, scheduled and commercial banks for a total solution provider for an e-auction of the shops.A senior official from MHADA’s Mumbai Board said, “We are looking for a bank that will be holding the e-auction of the shops spread over Mumbai that belong to MHADA. After the bank is finalised we will carry out the e-auction.”The offset price for the 36 shops in Pratiksha Nagar is Rs 11.45 crore while for the one shop in Jogeshwari, it is Rs 41.09 lakh. The total offset price of the 108 shops is Rs 49.93 crore. While the last such MHADA lottery for commercial premises was held in 2010, this is the first time that the Authority will be holding an e-auction of commercial premises. Until now, the MHADA had always held a manual auction.Apart from this, the MHADA also recently started the construction of buildings in Wadala, where it will be constructing nearly 280 homes in the affordable segment. The Authority is trying to get these homes constructed at the earliest because the MHADA wants the homes to be a part of the forthcoming lottery. In the previous lottery, which was held in November this year, the Authority received a lot of flak because it had only eight homes in the Economically Weaker Section (EWS) segment.WHAT’S ON ANVILProcess of finalising the bank is expected to be complete by the first week of January. MHADA’s Mumbai Board, on Friday, had issued a tender inviting the expression of interest from nationalised, scheduled and commercial banks for a total solution provider for an e-auction of the shops. Offset price for the 36 shops in Pratiksha Nagar is Rs 11.45 crore, while for the one shop in Jogeshwari is Rs 41.09 lakh.

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After 7 yrs, MHADA back with lottery of 108 shops