Representative illustration — Flat bank auction in Santacruz
Representative illustration — not the actual property photograph.
Flat Residential Symbolic possession Strong Buy

Flat for Auction Santacruz Mumbai 11.5 Crore by Union Bank of India 12 May 2026

Santacruz, Mumbai

Area: 2160 sq. ft.

E/32, Garden Scheme, 15th Road, Santacruz (West), Mumbai - 400 054

Union Bank of India · Stressed asset Management Branch : Mumbai

Reserve price

₹11,52,00,000

EMD ₹1,15,20,000

Auction date

12 May 2026, 12:00 PM

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Quick read

  • Possession: Symbolic
  • Area: 2160 sq. ft.
  • Locality: Santacruz
  • Reserve: ₹11,52,00,000
  • EMD: ₹1,15,20,000

Auction snapshot

PossessionSymbolic
Property typeFlat · Residential
LocalitySantacruz
Built-up / plot area2160 sq. ft.
LenderUnion Bank of India
BranchStressed asset Management Branch : Mumbai
Unit / flat no.1201
Building / societyPALAZZO Gayatri of Gayatri CHSL
Floor12th
Auction typeSARFAESI Auction
Service providerBAANKNET

About this property

Flat bank auction in Santacruz, Mumbai by Union Bank of India — reserve price ₹11,52,00,000, 2160 sq. ft., Symbolic possession.

Bank auction property! This spacious flat in Santacruz, Mumbai, offers an incredible opportunity. The 12th-floor flat features 2160 sq. ft. of built-up area, plus a 1300 sq. ft. open-to-sky terrace and 2 stilt car parking spaces. Located in 'PALAZZO Gayatri', this property is ideal for those seeking a luxurious residence in a prime location. Don't miss this bank auction for a flat in Santacruz. Reserve price: ₹115,200,000. EMD: ₹11,520,000. Auction Date: May 12, 2026.

GeoSquare note: This property is a strong buy due to its prime location in Santacruz, Mumbai, combined with its generous size and additional terrace space. The reserve price is substantial, however, the location and size suggest a potentially high return on investment. The symbolic posession status introduces a moderate level of risk.

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