408 sq feet Flat for Auction in Vasai Virar, Palghar – IDBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

408 sq feet (≈ 408 sq ft)

Reserve price / sq ft

₹5,515

Locality

Vasai Virar

City

Palghar

State

Maharashtra

Pincode

401305

Address

Vasai Virar, Maharashtra, 401305 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IDBI Bank

Branch

Navi Mumbai -Nerul

Auction type

SARFAESI Auction

Borrower

NITIN S***** P****

Auction start

08 Oct 2026, 11:00 AM

Auction end

08 Oct 2026, 01:00 PM

EMD submission deadline

07 Oct 2026, 04:00 PM

Inspection

30 Sep 2026, 11:00 AM – 30 Sep 2026, 01:00 PM

Authorised officer

PURABI NAYAK

Officer contact

8240542693

E-auction portal

BAANKNET (Property ID IBKL96796002)

Price Check

This listing's reserve price works out to ₹5,515 per sq ft. The average across residential bank auctions in Palghar on our site is ₹4,803 per sq ft, so this one is 15% 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 30 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IBKL96796002)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 07 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 8 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.