504 sq ft Commercial Building for Auction in Alibag – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

504 sq ft

Reserve price / sq ft

₹3,600

Locality

—

City

Alibag

State

Maharashtra

Pincode

410206

Address

GUT No: 59/5 59/10, Building Name: NIRMITI GARDEN PH II BLDG 2 JASM, House No: B-102, Floor No: 1ST, Plot No: 63/16, Street Name: UMROLI, Street No:., Sector Ward No:., Land Mark: UMROLI ST DEPOT, Village: UMROLI, Location: Panvel, Taluka: PANVEL, State: Maharashtra, Pin Code: 410206. Area of the property-504 sq. ft. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Kalyan Branch

Auction type

SARFAESI Auction

Borrower

Mr V**** L***** P*****

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 472309

Price Check

This listing's reserve price works out to ₹3,600 per sq ft. The average across commercial bank auctions in Alibag on our site is ₹7,701 per sq ft, so this one is 53% 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 472309), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,81,440 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.