52.97 sq meter Flat for Auction in Vada, Palghar – BOM

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

52.97 sq meter (≈ 570 sq ft)

Reserve price / sq ft

₹2,597

Locality

Vada

City

Palghar

State

Maharashtra

Pincode

421303

Address

Vada, Maharashtra, 421303 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Maharashtra

Branch

Asset Recovery Branch, Navi Mumbai

Auction type

SARFAESI Auction

Borrower

1. M/S N***** S*****

Auction start

18 Nov 2026, 11:00 AM

Auction end

18 Nov 2026, 03:00 PM

EMD submission deadline

18 Nov 2026, 02:00 PM

Inspection

—

Authorised officer

AVROKONA PRAMANICK

Officer contact

8777734198

E-auction portal

BAANKNET (Property ID MAHBNIRMAL1)

Price Check

This listing's reserve price works out to ₹2,597 per sq ft. The average across residential bank auctions in Palghar on our site is ₹4,155 per sq ft, so this one is 37% 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 (BAANKNET (Property ID MAHBNIRMAL1)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 18 Nov 2026, 02:00 PM. It is refunded if you don't win.
5. Bid online on 18 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.