Flat for Auction Naigaon Mumbai 1.6 Crore by Punjab National Bank
Naigaon, Mumbai
Area: 425.00 sq. ft.
Flat No 1101, 11th Floor, Ayesha Palace, Near Mahasrashtra Guest House, Dr Babasaheb Ambedkar Road, CTS no 23, Dadar Naigaon Division, Tal & Dist Mumbai-400012
Punjab National Bank · ARMB Mumbai Western
Reserve price
₹1,55,00,000
EMD ₹15,50,000
Auction date
24 Aug 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 425.00 sq. ft.
- ▸Locality: Naigaon
- ▸Reserve: ₹1,55,00,000
- ▸EMD: ₹15,50,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Naigaon |
| Built-up / plot area | 425.00 sq. ft. |
| Lender | Punjab National Bank |
| Branch | ARMB Mumbai Western |
| Unit / flat no. | 1101 |
| Building / society | Ayesha Palace |
| Floor | 11th Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Naigaon, Mumbai by Punjab National Bank — reserve price ₹1,55,00,000, 425.00 sq. ft., Symbolic possession.
Participate in the upcoming bank auction property event to acquire a premium residential flat in the heart of Mumbai. Located at Ayesha Palace, Naigaon, this 425 sq. ft. RERA carpet area flat offers a strategic location near Maharashtra Guest House on Dr. Babasaheb Ambedkar Road. This Punjab National Bank auction presents a valuable opportunity for investors and homebuyers seeking property in a well-connected locality of Mumbai. The property is available with a reserve price of ₹1.55 Crore. Interested bidders should note the auction date of 24th August 2024. Don't miss this chance to invest in a residential unit in Mumbai's competitive real estate market. Please ensure all documentation and EMD requirements are met before the submission deadline of 23rd August 2024.
GeoSquare note: The property is located in a prime, high-demand area of Mumbai, offering excellent connectivity and potential for appreciation. While it is currently under symbolic possession, the location in Naigaon and the RERA carpet area make it a strong investment choice. Prospective buyers should conduct independent due diligence regarding physical possession timelines.
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