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Commercial Building SARFAESI Auction Symbolic Possession

1,112.14 sq meter Commercial Building for Auction in Mumbai, Mumbai – PNB

Mumbai, Mumbai, Maharashtra · Auction ID #3563

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Commercial Building photo 1
Reserve Price ₹7,30,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 06 Oct 2026, 11:00 AM In 6 days
EMD Last Date 06 Oct 2026, 03:00 PM In 6 days
Area1,112.14 sq meter

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
1,112.14 sq meter (≈ 11,970 sq ft)
Reserve price / sq ft
₹6,098
Locality
Mumbai
City
Mumbai
Pincode
400102
Address
Mumbai, Maharashtra, 400102 View on map

Description (as per sale notice)

Land at plots A3, A4, A5 adm 720.74sqm, adm 720.74 sqm and strip of land adm 147.74 sqm, western side of plot A3 and A4 and abutting along S V Road, CTS 220/8, S no 7, Hissa 3,5 and 1 (part), S on 33 (part), City Survey Bandivali, Village Bandivali, Jogeshwari (W), Taluka Andheri, Mumbai Suburban District 400102, excluding plot on which Ayesha Towers building is constructed

BAANKNET Property ID: PUNBAYESHALAWNSSEPL

Bank & Auction Details

Branch
ARMB MUMBAI WESTERN444400
Auction type
SARFAESI Auction
Borrower
SHYAM S***** E***** P** L**
Auction start
06 Oct 2026, 11:00 AM
Auction end
06 Oct 2026, 04:00 PM
EMD submission deadline
06 Oct 2026, 03:00 PM
Inspection
21 Sep 2026, 04:08 PM – 05 Oct 2026, 10:00 AM
Authorised officer
Sharad Kumar
Officer contact
7303850049

Price Check

This listing's reserve price works out to ₹6,098 per sq ft. The average across commercial bank auctions in Mumbai on our site is ₹27,136 per sq ft, so this one is 78% 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 21 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID PUNBAYESHALAWNSSEPL)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 06 Oct 2026, 03:00 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Punjab National Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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