Bank auction
Phoenix ARC Private Limited Flat Auction in Bhiwandi, Thane
Bank auction by Phoenix ARC Private Limited in Thane, Maharashtra. Reserve price ₹3.00 L.
Auction facts
- Bank
- Phoenix ARC Private Limited
- Branch
- Regd. Office - Mumbai
- Reserve price
- ₹3.00 L
- EMD
- ₹30,000
- Auction date
- 21-01-2026 11:00 AM
- End time
- 21-01-2026 02:00 PM
- Submission date
- 20-01-2026 05:00 PM
- Auction type
- SARFAESI Auction
- Service provider
- Public Auction
- Auction ID
- 650119
- Property type
- Flat
- Borrower
- Sanjay Waman Panchal
Property
- Area
- Bhiwandi
- City
- Thane
- State
- Maharashtra
Notice
- Contact
- Chandrashekhar Shriram Kumbhar-9372704932/Johnson Basil Fernandes-9372705084/Abhijeet Chavan-8806228866/Vaibhavi Mahesh Arondekar-9653283534, Sallesh Iyengar 9833801159
Bid timing & possession
Bid / application deadline: 20 Jan 2026 — Closed on 20 Jan 2026
Published reserve ₹3.00 L is 90% below the same locality median of ₹30.40 L (n=13 comparable live notices).
Published reserve ₹3.00 L over 300 sq ft works out to about ₹1,000/sq ft — 83% below the IGR average of ₹6,025/sq ft in Bhiwandi, Thane.
EMD calculator
- Reserve: ₹3.00 L
- EMD: ₹30,000 (10%)
- Remaining (reserve − EMD): ₹2.70 L
Before you bid — checklist
- Valid PAN card
- KYC documents as required by the lender
- EMD payment through the lender's authorised channel
- Registration on the bank's e-auction portal
Description
This residential flat is located in the Bhiwandi area of Thane, Maharashtra. Situated in a key industrial and residential hub, the property offers a strategic location for those seeking affordable homeownership or investment opportunities within the Mumbai Metropolitan Region. The asset is classified under the residential category and is associated with the borrower, Sanjay Waman Panchal. Its location in Thane provides essential connectivity to local markets and transport links, making it a functional choice for residents in the area.
Bid questions, from this notice
How much EMD does this notice publish?
The published Earnest Money Deposit is ₹30,000. Deposit it only through the lender's authorised channel after confirming the current sale notice.
What reserve price will my bid be tested against?
The lender published a reserve price of ₹3.00 L for this asset. Bids below the published reserve are not accepted in e-auctions.
When is the bid / application deadline?
The published bid / application deadline was 20 Jan 2026 — that window has closed.
When is the auction scheduled?
The auction is dated 21 Jan 2026 on the published notice. Confirm the current schedule with the lender before bidding.
Auction assistance
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