242 sq feet Flat for Auction in Saphale, Palghar – IDBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

242 sq feet (≈ 242 sq ft)

Reserve price / sq ft

₹10,331

Locality

Saphale

City

Palghar

State

Maharashtra

Pincode

401102

Address

Saphale, Maharashtra, 401102 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IDBI Bank

Branch

Mumbai-Lower Parel (West)

Auction type

SARFAESI Auction

Borrower

KEVIN L**** N*****

Auction start

06 Oct 2026, 11:00 AM

Auction end

06 Oct 2026, 12:00 PM

EMD submission deadline

05 Oct 2026, 04:00 PM

Inspection

28 Sep 2026, 03:00 PM – 28 Sep 2026, 04:00 PM

Authorised officer

SHAILESH KUMAR VERMA

Officer contact

9527184260

E-auction portal

BAANKNET (Property ID IBKL9778888202)

Price Check

This listing's reserve price works out to ₹10,331 per sq ft. The average across residential bank auctions in Palghar on our site is ₹4,803 per sq ft, so this one is 115% 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 28 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IBKL9778888202)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 05 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 6 Oct 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.