Mhada’s Oshiwara plot sold through e-auction to Medanta Hospital for Rs 1.25 bn

July 17, 2024: The Mhada Mumbai Board has successfully conducted an e-auction for the sale of plots reserved for a hospital and four educational institutions in various colonies in Mumbai. 

The highest bid of Rs 1.25 billion was placed by Global Health for the Medanta Hospital plot in Oshiwara, said the official Mhada statement. With this acquisition, Medanta Hospital’s services will soon be available to the residents of Mumbai through MHADA.

The Mumbai Board conducted the tender process for five plots through an e-auction. The plot reserved for the hospital in Oshiwara measures 8,850.25 sqm and had a base price set at Rs 674.9 million by the Board. Global Health secured this plot with the highest bid of Rs 1.25 billion.

 Additionally, the 1,989.72 sqm educational plot in Malad Malvani was sold to Pragati Shikshan Sanstha for Rs 110 million. The educational plot in Tagore Nagar, Mouje Haryali, measuring 2,019.49 sqm, was auctioned for Rs 122.1 million. The base prices for these plots were set at Rs 106.6 million and Rs 118.1 million respectively.

The women’s polytechnic institution plot in Kannamwar Nagar, Vikhroli, measuring 3,010.23 sqm, was awarded to Navchetna Charitable Trust with a bid of Rs 180.5 million, against a base price of Rs 177.5 million. Furthermore, the educational reservation plot in Tagore Nagar, Vikhroli, measuring 3,360.15 sqm, was sold to Radhikabai Meghe Women’s Education Institute for Rs 260 million, with a base price of Rs 215.2 million set by the board.