232.93 sq ft Commercial Building for Auction in Mumbai – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

232.93 sq ft

Reserve price / sq ft

₹8,605

Locality

—

City

Mumbai

State

Maharashtra

Pincode

400063

Address

GUT No: CTS NO. 1627, Building Name: PICCADILLY II, House No: H-115, Floor No: 1ST, Plot No: CTS NO. 1627, Land Mark: ROYAL PALMS, Village: MAROSHI, Location: Goregaon East, Taluka: BORIVALI, State: Maharashtra, Pin Code: 400063, Police Station: GOREGAOM EAST, North By: HOTEL STAR, South By: ROAD, East By: BUNGLOW, West By: ROAD, PROPERTY AREA: 232.93 SQ FT View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

BORIVALI BRANCH

Auction type

SARFAESI Auction

Borrower

CHITRA T***** S****

Auction start

19 Oct 2026

Auction end

19 Oct 2026, 04:00 PM

EMD submission deadline

17 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 465842

Price Check

This listing's reserve price works out to ₹8,605 per sq ft. The average across commercial bank auctions in Mumbai on our site is ₹26,379 per sq ft, so this one is 67% 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 (AuctionTiger · Auction ID 465842), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,00,431 before 17 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 19 Oct 2026 starting above the reserve price, in multiples of ₹10,000.
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.