750 sq ft Commercial Building for Auction in Mumbai – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

750 sq ft

Reserve price / sq ft

₹4,140

Locality

—

City

Mumbai

State

Maharashtra

Pincode

421503

Address

GUT No: 61/1P, Building Name: MOHAN VALLEY CHS LTD-M MANGOLIA, House No: 704/M-WING, Floor No: 7TH FLR, Plot No: S.N.61/1P, Land Mark: NR.BHARAT COLLEGE, Village: KULGAON-BADLAPUR, Location: Kulgaon, Taluka: AMBERNATH, State: Maharashtra, Pin Code: 421503, Police Station: BADLAPUR. Area of the property-750 sqft View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Panvel Branch

Auction type

SARFAESI Auction

Borrower

Mr. S***** A***** D*****

Auction start

10 Dec 2026

Auction end

10 Dec 2026, 04:00 PM

EMD submission deadline

09 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 472312

Price Check

This listing's reserve price works out to ₹4,140 per sq ft. The average across commercial bank auctions in Mumbai on our site is ₹26,379 per sq ft, so this one is 84% below 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 472312), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,10,500 before 09 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 10 Dec 2026 starting above the reserve price, in multiples of ₹10,000.
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.