Flat for Auction Parel Mumbai 17.4 Crore by Standard Chartered Bank 26 May 2026
Parel, Mumbai
Area: 693.99 SQ. MTRS
Parekh Industrial Estate, Plot No. 46-47, C.S.No. 857, Jerbai Wadia Road, Near Mahatma Phule Technical School, Parel, Mumbai 400 012 Bearing Cadastral Survey No.857 of Panel-Sewri Division
Standard Chartered Bank · Mumbai
Reserve price
₹17,41,79,700
EMD ₹1,74,17,970
Auction date
26 May 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 693.99 SQ. MTRS
- ▸Locality: Parel
- ▸Reserve: ₹17,41,79,700
- ▸EMD: ₹1,74,17,970
Auction snapshot
| Possession | Physical |
| Property type | Flat · Residential |
| Locality | Parel |
| Built-up / plot area | 693.99 SQ. MTRS |
| Lender | Standard Chartered Bank |
| Branch | Mumbai |
| Building / society | Parekh Industrial Estate |
| Floor | Entire 2nd Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | matex.net |
About this property
Flat bank auction in Parel, Mumbai by Standard Chartered Bank — reserve price ₹17,41,79,700, 693.99 SQ. MTRS, Physical possession.
Bank auction property! A spacious 7470 sq. ft. flat located in the prime area of Parel, Mumbai, is up for auction by Standard Chartered Bank. This property, situated on the Entire 2nd Floor of Parekh Industrial Estate offers excellent potential for buyers. The e-auction is scheduled for 2026-05-26 with a reserve price of ₹174179700.0 and an EMD of ₹17417970.0. Don't miss this opportunity to acquire a valuable commercial space in a sought-after location through a bank auction. Inspection available on 2026-05-06. Contact Tirupathi Myakala for more details.
GeoSquare note: The property's prime location in Parel, Mumbai, combined with its substantial size, makes it a strong investment opportunity. The property is under physical posession. The price range is relatively high, but the potential for appreciation in this sought-after area justifies the rating. The clear auction details and available inspection date add to its appeal.
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