2,225 sq feet Flat for Auction in Chembur East, Mumbai, Mumbai – BOI

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

2,225 sq feet (≈ 2,225 sq ft)

Reserve price / sq ft

₹1,119

Locality

Chembur East, Mumbai

City

Mumbai

State

Maharashtra

Pincode

400071

Address

Chembur East, Mumbai, Maharashtra, 400071 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of India

Branch

BHAYANDAR-0085

Auction type

SARFAESI Auction

Borrower

Mohd I****

Auction start

09 Oct 2026, 11:00 AM

Auction end

09 Oct 2026, 05:00 PM

EMD submission deadline

09 Oct 2026, 04:59 PM

Inspection

—

Authorised officer

Arindam Dasgupta

Officer contact

7002176968

E-auction portal

BAANKNET (Property ID BKIDMNZ0085ISRAR)

Price Check

This listing's reserve price works out to ₹1,119 per sq ft. The average across residential bank auctions in Mumbai on our site is ₹27,147 per sq ft, so this one is 96% 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 BKIDMNZ0085ISRAR)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Oct 2026, 04:59 PM. It is refunded if you don't win.
5. Bid online on 9 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.