Flat for Auction Chembur Mumbai 14.2 Lakh by Canara Bank

Quick read

• ▸Possession: Symbolic
• ▸Area: 225 sq. ft.
• ▸Locality: Chembur
• ▸Reserve: ₹14,20,000
• ▸EMD: ₹1,42,000

About this property

Flat bank auction in Chembur, Mumbai by Canara Bank — reserve price ₹14,20,000, 225 sq. ft., Symbolic possession.

Participate in the bank auction of a residential flat located in Naya Savera Co-Operative Housing Society, Chembur, Mumbai. This bank auction property offers an affordable entry into the Mumbai real estate market, featuring a carpet area of 225 sq. ft. situated on the 1st floor. The property is located in the MMRDA Colony, near Rna Park, Vashinaka, offering convenient access to local infrastructure. With a reserve price of ₹14.20 Lakhs and an EMD of ₹1.42 Lakhs, this is a prime opportunity for budget-conscious investors or homebuyers looking for a compact residence in Mumbai Suburban. Please note the possession status is symbolic. Secure this property through the Canara Bank e-auction process and take advantage of this potential investment in a well-connected locality.

GeoSquare note: The property is located in a high-density residential area of Chembur, making it an affordable entry-level asset for the Mumbai market. However, the small carpet area (225 sq. ft.) and symbolic possession status suggest it is better suited for investors familiar with recovery procedures rather than end-users seeking immediate occupation. The reserve price is attractive for the locality, representing a fair value for the size.