Mumbai civic body auctions Bandra fair stall for Rs4.56 lakh, expects to earn up to Rs35 lakh | mumbai news | Hindustan Times
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Mumbai civic body auctions Bandra fair stall for Rs4.56 lakh, expects to earn up to Rs35 lakh

An official from H-West ward said about 430 stalls would be set up at the fair.

mumbai Updated: Sep 10, 2017 02:01 IST
Eeshanpriya M S
The Mount Marry Fair will start from Sunday.
The Mount Marry Fair will start from Sunday.(Pramod Thakur/HT Photo)

The Brihanmumbai Municipal Corporation (BMC) has earned Rs 4.56 lakh from the auction of a stall — the highest this year — at the annual Mount Mary Fair in Bandra. The stall, which is closest to the Mount Mary Basilica, was on Friday auctioned to Carol Miranda. Last year, it was auctioned for Rs 4.5 lakh. The week-long fair is set to start on Sunday.

An official from H-West ward, under whose jurisdiction the Mount Mary Basilica falls, said about 430 stalls would be set up at the fair, of which 260 had been reserved for local residents. The 20 stalls that are closest to the church and other 150 have been auctioned. The BMC is still computing how much money it has received from auctioning these stalls. It will issue figures on auction money within a week. The BMC is expected to earn between Rs 30 lakh and Rs 35 lakh from the stalls.

An official from the license department of H-West ward said, “We generally auction one stall from Rs 60,000 onwards, but the first 20 that are closest to the church fetch anywhere between Rs 1 lakh to Rs 4 lakh.” Of the 430 stalls, the first 20 are open to all citizens and bag the highest prices as they are most lucrative. Another 150-odd stalls are on Baptist Road and D’mello Road — a little farther from the church.”

The remaining 260 stalls with a rental of Rs1,375 were reserved for local residents. They are mandated to sell religious items, said the official.

The fair witnesses lakhs of visitors from all faiths daily.

Asif Zakeria, corporator from Bandra said, “Following court directions, the BMC directed the 260 stalls to sell only religious items such as garlands, wax candles and flowers. Despite that, they get good rentals during auction. Stalls that are at a distance from the church do sell food. Any citizen can bid for them.”

2017
  • Mumbai civic body auctions Bandra fair stall for Rs4.56 lakh, expects to earn up to Rs35 lakh