Flat for Auction Borivali Mumbai 43 Lakh by Axis Bank
Borivali, Mumbai
Area: 21 sq. mtrs
Flat No. 18, Ground Floor, D Wing, Parekh Nagar Prabhat Co-operative Housing Society Ltd, Malad, Borivali, Mumbai Suburban District
Axis Bank · STRUCTURED ASSETS GROUP
Reserve price
₹43,00,000
EMD ₹4,30,000
Auction date
26 Oct 2026, 12:00 PM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 21 sq. mtrs
- ▸Locality: Borivali
- ▸Reserve: ₹43,00,000
- ▸EMD: ₹4,30,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Borivali |
| Built-up / plot area | 21 sq. mtrs |
| Lender | Axis Bank |
| Branch | STRUCTURED ASSETS GROUP |
| Unit / flat no. | 18 |
| Building / society | PAREKH NAGAR PRABHAT CO-OPERATIVE HOUSING SOCIETY LIMITED |
| Floor | Ground Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹10,000 |
| Service provider | drt.auctiontiger.net |
About this property
Flat bank auction in Borivali, Mumbai by Axis Bank — reserve price ₹43,00,000, 21 sq. mtrs, Symbolic possession.
Explore this bank auction property located in the prime residential area of Borivali, Mumbai. This residential flat, situated in the Parekh Nagar Prabhat Co-operative Housing Society, offers 21 sq. mtrs of carpet area on the ground floor. The property is being auctioned by Axis Bank with a reserve price of ₹43,00,000. Ideal for home buyers and investors looking for affordable real estate in Mumbai Suburban District, this auction provides a strategic opportunity to acquire property through a transparent legal process. Interested bidders must complete their due diligence as the bank holds symbolic possession. Ensure your bid submission by October 23, 2026, for the auction scheduled on October 26, 2026.
GeoSquare note: The property is located in a well-established residential pocket of Borivali, making it a decent value proposition. However, the possession status is symbolic, which carries inherent legal risks, and the small carpet area limits its utility, warranting a cautious approach for investors.
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