569 sq feet Flat for Auction in Thane – Indian Bank

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

569 sq feet (≈ 569 sq ft)

Reserve price / sq ft

₹20,387

Locality

—

City

Thane

State

Maharashtra

Pincode

400602

Address

Thane, Maharashtra, 400602 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

SHOLAPUR - 488

Auction type

SARFAESI Auction

Borrower

Mr.Gajraj S*****

Auction start

27 Nov 2026, 11:00 AM

Auction end

27 Nov 2026, 05:00 PM

EMD submission deadline

27 Nov 2026, 05:00 PM

Inspection

09 Nov 2026, 11:00 AM – 20 Nov 2026, 05:00 PM

Authorised officer

SASIKUMAR A R

Officer contact

9923591040

E-auction portal

BAANKNET (Property ID IDIB8000302300E)

Price Check

This listing's reserve price works out to ₹20,387 per sq ft. The average across residential bank auctions in Thane on our site is ₹8,189 per sq ft, so this one is 149% 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 9 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB8000302300E)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Nov 2026 starting above the reserve price.
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.