Flat for Auction in Mumbai – ARCIL

Property Details

Property type

Flat (Residential)

Possession

Not specified

Locality

—

City

Mumbai

State

Maharashtra

Pincode

400005

Address

Property 2: Flat No. 61, on the 6th floor and open car parking space under the stilt on the ground floor in the building known as Basant Apartments, the navrang basant co-operative housing society ltd., situated at Plot No. 46, Block No. 5, Backbay Reclamation, Cuffe Parade, Colaba Division, Mumbai 400005. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Asset Reconstruction Company (India)

Branch

Arcil-SBPS 023-I Trust

Auction type

DRT Auction

Borrower

M/s. E***** O***** L*** & O**

Auction start

26 Nov 2026, 02:00 PM

Auction end

26 Nov 2026, 04:00 PM

EMD submission deadline

23 Nov 2026, 04:30 PM

Inspection

16 Nov 2026, 11:00 AM – 16 Nov 2026, 04:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

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 16 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹78,00,000 before 23 Nov 2026, 04:30 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 2026 starting above the reserve price, in multiples of ₹5,00,000.
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.