453 sq feet Flat for Sale (Bank Auction) in Mumbai, Mumbai – Indian Bank

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

453 sq feet (≈ 453 sq ft)

Reserve price / sq ft

₹17,294

Locality

Mumbai

City

Mumbai

State

Maharashtra

Pincode

400024

Address

Mumbai, Maharashtra, 400024 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

TILAK NAGAR (MUMBAI) - 1449

Auction type

SARFAESI Auction

Borrower

Mr. V***** B***** P****

Auction start

—

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

BAANKNET (Property ID IDIBVISHNUPAWAR)

Price Check

This listing's reserve price works out to ₹17,294 per sq ft. The average across residential bank auctions in Mumbai on our site is ₹27,303 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 IDIBVISHNUPAWAR)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on — 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.