For the first time in 40 years, the Brihanmumbai Municipal Corporation (BMC) is gearing up to put up four properties in Mumbai for auction, eyeing a minimum revenue of Rs 120.53 crore.

The online auction scheduled on October 29 comes at a time when BMC is chalking out several means to generate revenue.

The four properties that will be auctioned include a land parcel of the Shanti Sadan CHS at Chunabhatti whose base price has been fixed at at Rs 47.09 crore having a space of 2,500 sqm, another plot of land owned by the Housing Commissioner of Bombay with a base price fixed at Rs 37 crore with an area of 3,000 square meter, a privately owned house with shops at South Mumbai ’s Kalbadevi with a base price of Rs 26.01 crore with an area of 1,648 sqm and the privately owned Rajani Bungalow

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