1,160 sq ft Flat for Auction in Mumbai – Phoenix ARC

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

1,160 sq ft

Reserve price / sq ft

₹38,647

Locality

—

City

Mumbai

State

Maharashtra

Pincode

400053

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Phoenix ARC

Branch

Phoenix Trust F.Y. 14-13 Scheme A

Auction type

SARFAESI Auction

Borrower

M/s. B***** U***** T***** P***** L*****

Auction start

02 Dec 2026, 11:00 AM

Auction end

02 Dec 2026, 12:00 PM

EMD submission deadline

01 Dec 2026, 04:30 PM

Inspection

14 Nov 2026, 11:00 AM – 14 Nov 2026, 01:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹38,647 per sq ft. The average across residential bank auctions in Mumbai on our site is ₹26,250 per sq ft, so this one is 47% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on 14 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹44,83,000 before 01 Dec 2026, 04:30 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 2026 starting above the reserve price, in multiples of ₹1,00,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.