532 sq feet Flat for Auction in Palghar – BOM

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

532 sq feet (≈ 532 sq ft)

Reserve price / sq ft

₹2,733

Locality

—

City

Palghar

State

Maharashtra

Pincode

401404

Address

Palghar, Maharashtra, 401404 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Maharashtra

Branch

DAHISAR (E)-BOMBAY

Auction type

SARFAESI Auction

Borrower

Damodar R***** L****

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 02:00 PM

EMD submission deadline

14 Oct 2026, 11:59 PM

Inspection

—

Authorised officer

Avinash Mahajan

Officer contact

9421205708

E-auction portal

BAANKNET (Property ID MAHB)

Price Check

This listing's reserve price works out to ₹2,733 per sq ft. The average across residential bank auctions in Palghar on our site is ₹4,803 per sq ft, so this one is 43% 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 MAHB)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 14 Oct 2026, 11:59 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.