The Bombay Parsi Punchayet has announced the auction of Dady House, a notable property located in Fort, South Mumbai, with a reserve price of ₹2.51 crore. The property spans 128.76 square meters and features a ground-plus-three-storey structure classified as a Category A cessed property, built before 1940 and subject to the Maharashtra Rent Control Act. This means that if redeveloped, current tenants will retain a minimum of 300 square feet of carpet area in the new building. The auction is set for the evening of May 19, and the property will be sold on an 'As is where is' basis, pending approval from Maharashtra's charity commissioner. The building is reported to be in a dilapidated condition and currently houses 16 tenants. The reserve price translates to approximately ₹1,94,936 per square meter or ₹18,110 per square foot. The Bombay Parsi Punchayet, established in 1672, serves as the apex administrative body for the Parsi Irani Zoroastrian community in India.