Representative illustration — Flat bank auction in Mahim
Representative illustration — not the actual property photograph.
Flat Residential Physical possession Fair Option

Flat for Auction Mahim Thane 24.5 Lakh by Axis Bank 16 Jun 2026

Mahim, Thane

Area: 39.64 sq. Mtrs

Flat No 405, 4th Floor, A Wing, Paramount Enclave Bldg No 2. Near Harawadi Naka

Axis Bank · Registered Office : Ahmedabad

Reserve price

₹24,46,080

EMD ₹2,44,608

Auction date

16 Jun 2026, 11:00 AM

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Quick read

  • Possession: Physical
  • Area: 39.64 sq. Mtrs
  • Locality: Mahim
  • Reserve: ₹24,46,080
  • EMD: ₹2,44,608

Auction snapshot

PossessionPhysical
Property typeFlat · Residential
LocalityMahim
Built-up / plot area39.64 sq. Mtrs
LenderAxis Bank
BranchRegistered Office : Ahmedabad
Unit / flat no.405
Building / societyParamount Enclave Bldg No 2
Floor4th Floor
Auction typeSARFAESI Auction
Bid increment₹10,000
Service providerbankeauctions.com / C1 India

About this property

Flat bank auction in Mahim, Thane by Axis Bank — reserve price ₹24,46,080, 39.64 sq. Mtrs, Physical possession.

Bank auction property: A 1BHK flat is up for e-auction in Mahim, Thane. Located in Paramount Enclave, the flat offers 39.64 sq. mtrs of carpet area. This residential property is situated near Harawadi Naka. Axis Bank is conducting the auction with a reserve price of ₹24.46 Lakh and an EMD of ₹2.44 Lakh. The e-auction is scheduled for June 16, 2026. This Mahim property is a great opportunity for potential buyers. Contact Hareesh Gowda/Bansraj Patel for further details.

GeoSquare note: The property is a 1BHK flat in Mahim, Thane, with physical possession, making it a potentially habitable investment. However, the location in a developing area and the lower reserve price compared to similar properties suggest a more measured approach. Given these factors, a rating of 3.2 and a "Fair Option" recommendation are appropriate.

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