640 sq feet Flat for Auction in Mahalaxmi Tower, Mumbai, Mumbai – BOI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

640 sq feet (≈ 640 sq ft)

Reserve price / sq ft

₹27,361

Locality

Mahalaxmi Tower, Mumbai

City

Mumbai

State

Maharashtra

Pincode

400053

Address

MAHALAXMI TOWER, Mumbai, Maharashtra, 400053 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

ARB MUMBAI

Auction type

SARFAESI Auction

Borrower

AARYA A***** G***

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 05:00 PM

EMD submission deadline

15 Oct 2026, 04:00 PM

Inspection

07 Oct 2026, 03:00 PM – 07 Oct 2026, 05:00 PM

Authorised officer

abhishek katiyar

Officer contact

9819403549

E-auction portal

BAANKNET (Property ID BKIDSARMARVIND1)

Price Check

This listing's reserve price works out to ₹27,361 per sq ft. The average across residential bank auctions in Mumbai on our site is ₹27,154 per sq ft, so this one is 1% 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 7 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID BKIDSARMARVIND1)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Oct 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 15 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.