357 sq ft Commercial Building for Auction in Palghar – GIC HFL

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

357 sq ft

Reserve price / sq ft

₹4,467

Locality

—

City

Palghar

State

Maharashtra

Pincode

401404

Address

GUT No: 403 1 B, Building Name: AMBROSIA BLDG NO 01. House No: 105 TYPE C. Floor No: 1ST, Plot No: 403 1 B UNIT 1, Street Name: MAHIM ROAD, Sector Ward No: BEHIND KANCHAN, Land Mark: BEHIND KANCHAN, Village: MAHIM, Location: Palghar, Taluka: PALGHAR, State: Maharashtra, Pin Code: 401404, Police Station: PALGHAR WEST, North By: OPEN PLOT, South By: SHARDA KUTIR, East By: OPEN PLOT, West By: BLDG NO 02, PROPERTY AREA: 357 SQ FT View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

GIC Housing Finance

Branch

Virar Branch

Auction type

SARFAESI Auction

Borrower

BHARAT N***** P*****

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 465856

Price Check

This listing's reserve price works out to ₹4,467 per sq ft. The average across commercial bank auctions in Palghar on our site is ₹5,883 per sq ft, so this one is 24% 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 465856), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,59,489 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.