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

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

440 sq ft

Reserve price / sq ft

₹4,374

Locality

—

City

Mumbai

State

Maharashtra

Pincode

401201

Address

GUT No: 28 H NO 2, Building Name: DREAMS VALLEY COMPLEX-BLDG NO.02, House No: 206, Floor No: SECOND, Plot No: 28, Street Name: MAIN ROAD, Land Mark: BEHIND VITTHAL MANDIR, Village: WALIV VASAI EAST, Location: Vasai (E), Taluka: VASAI, State: Maharashtra, Pin Code: 401201, Police Station: VALIV, North By: OPEN SPACE, South By: OPEN SPACE, East By: INTERNAL ROAD, West By: OPEN SPACE, /PROPERTY AREA: 440 SQ FT View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Boisar Branch

Auction type

SARFAESI Auction

Borrower

AFZAL M***** C*****

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 465849

Price Check

This listing's reserve price works out to ₹4,374 per sq ft. The average across commercial bank auctions in Mumbai on our site is ₹26,379 per sq ft, so this one is 83% 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 465849), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,92,456 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.