425 sq ft Commercial Building for Auction in Thane – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

425 sq ft

Reserve price / sq ft

₹3,960

Locality

—

City

Thane

State

Maharashtra

Pincode

421601

Address

GUT No: S.N.128/1, 2, 3, Building Name: MIRADOR UTSAV, House No: 204/F-BUILDING, Floor No: 2ND FLR, Plot No: S.N. 128/1, 2, 3, Land Mark: VILLAGE VEHLOLI, Village: VEHLOLI, Location: Shahapur (Thane), Taluka: SHAHAPUR, State: Maharashtra, Pin Code: 421601, Police Station: SHAHAPUR. Area of the property-425 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. D***** N***** S*****

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 472317

Price Check

This listing's reserve price works out to ₹3,960 per sq ft. The average across commercial bank auctions in Thane on our site is ₹8,785 per sq ft, so this one is 55% 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 472317), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,68,300 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.