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

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

221 sq ft

Reserve price / sq ft

₹8,443

Locality

—

City

Mumbai

State

Maharashtra

Pincode

400065

Address

GUT No: CTS N.1627, Building Name: PICCADILLY II CHSL-H BLDG, House No: 316, Floor No: 3RD, Plot No: UNIT N.26, Street Name: H BLDG, Sector Ward No: AAREY MIK COLONY, Land Mark: ROYAL PALMS-MAYUR NAGAR, Village: MAROSHI, Location: Aareymilk Colony, Taluka: BORIVALI, State: Maharashtra, Pin Code: 400065, Police Station: GOREGAON EAST, North By: HOTEL, South By: BUNGLOW, East By: BUNGLOW, West By: HOTEL, PROPERTY AREA: 221 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

ILIYAS I***** 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 465845

Price Check

This listing's reserve price works out to ₹8,443 per sq ft. The average across commercial bank auctions in Mumbai on our site is ₹26,379 per sq ft, so this one is 68% 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 465845), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,86,594 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.