India, Oct. 22 -- One of the land parcels of the collapsed Housing Development and Infrastructure Limited (HDIL) is up for grabs. The 426-acre plot, situated at Dahisar West, was mortgaged to take a loan from PMC Bank, which has now merged with Unity Small Finance Bank (USFB). The latter has now put the plot up for auction.

Earlier this month, USFB announced the auction of the plot to recover dues from the stressed developer. It is situated next to Dahisar Crematorium at Anand Park, along the Dahisar river.

Municipal corporation records show that it is mandatory to secure clearances from the ministry of environment and forests as well as the Maharashtra Coastal Zone Management Authority in to develop the plot. In case the developer deci...