Flat for Auction Parel Mumbai 1.7 Crore by Bank of Maharashtra 14 May 2026
Parel, Mumbai
Area: 425.00 Sqft
Laughton’s Survey No. E/1972, L.T.A.C.R.R No. 16 and Cadastral Survey No. 23 of Dadar – Naigaon Division, Flat No. 1902, on the 19th Floor, Aayesha Palace Street No. 240E, Dr. Babasaheb Ambedkar Road, Parel, Mumbai -400012
Bank of Maharashtra · Navi Mumbai Zonal Office
Reserve price
₹1,71,96,000
EMD ₹17,19,600
Auction date
14 May 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 425.00 Sqft
- ▸Locality: Parel
- ▸Reserve: ₹1,71,96,000
- ▸EMD: ₹17,19,600
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | Parel |
| Built-up / plot area | 425.00 Sqft |
| Lender | Bank of Maharashtra |
| Branch | Navi Mumbai Zonal Office |
| Unit / flat no. | 1902 |
| Building / society | Aayesha Palace |
| Floor | 19th Floor |
| Auction type | SARFAESI Auction |
| Service provider | BAANKNET |
About this property
Flat bank auction in Parel, Mumbai by Bank of Maharashtra — reserve price ₹1,71,96,000, 425.00 Sqft, Symbolic possession.
Explore this bank auction property, a residential flat in the heart of Parel, Mumbai. This 425 sqft flat is located on the 19th floor of Aayesha Palace, offering a fantastic opportunity for buyers. With a reserve price of ₹17196000.0 and an EMD of ₹1719600.0, this property auction presents a great investment. Don't miss out on this bank auction property in a prime location. Perfect for families or investors looking for commercial shop for sale in Mumbai.
GeoSquare note: This property offers a decent investment potential given its location in Parel, Mumbai and its relatively modest size. The reserve price is considerable and may limit the number of interested bidders. Symbolic possession could introduce delays or legal hurdles. While the location is desirable, the price and posession status suggests a cautious approach is warranted.
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