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Flat SARFAESI Auction Physical Possession

1 sq feet Flat for Auction in Bhiwandi, Thane – Union Bank

Bhiwandi, Thane, Maharashtra · Auction ID #98422

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Flat for auction in Bhiwandi, Thane – Union Bank – photo 1
Flat for auction in Bhiwandi, Thane – Union Bank – photo 2
Flat for auction in Bhiwandi, Thane – Union Bank – photo 3
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Reserve Price ₹18,75,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 28 Oct 2026, 12:00 PM
EMD Last Date 28 Oct 2026, 05:00 PM
Area1 sq feet
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Property Details

Property type
Flat (Residential)
Possession
Physical Possession
Area
1 sq feet (≈ 1 sq ft)
Reserve price / sq ft
₹18,75,000
Locality
Bhiwandi
City
Thane
Pincode
421302
Address
Bhiwandi, Maharashtra, 421302 View on map

Description (as per sale notice)

LOT 3: Flat No 101, 1 st Floor, (Formally Flat No. 3 Gr. Floor), Mahavir Darshan, lying at G.P.H. 722, bearing Survey No 124/1, 125/1, Grampanchayat Rahnal, Tal. Bhiwandi Dist. Thane-421302. In the name of Mita Ashok Thakkar

BAANKNET Property ID: UBINMUMARB4468Y
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Bank & Auction Details

Bank / Lender
Union Bank of India
Branch
ARB - MUMBAI SAMACHAR MARG-553352
Auction type
SARFAESI Auction
Borrower
M/s A**** P*****
Auction start
28 Oct 2026, 12:00 PM
Auction end
28 Oct 2026, 05:00 PM
EMD submission deadline
28 Oct 2026, 05:00 PM
Inspection
—
Authorised officer
AMIT MASHRAM
Officer contact
7875832686
E-auction portal
BAANKNET (Property ID UBINMUMARB4468Y)
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Price Check

This listing's reserve price works out to ₹18,75,000 per sq ft. The average across residential bank auctions in Thane on our site is ₹8,189 per sq ft, so this one is 22797% above 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 UBINMUMARB4468Y)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 28 Oct 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 28 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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Union Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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