Flat for Auction Virar East Palghar 15.8 Lakh by Indian Overseas Bank
Virar East, Palghar
Area: 515 sq. ft.
Flat No 401, 4th Floor, C wing, Mahalakshmi Enclave CHSL, Nityanand Nagar, Near Prashant Appartment, Kopti Naka, Virar East, Taluka Vasai, District Palghar, Maharashtra - 401303
Indian Overseas Bank · MUMBAI
Reserve price
₹15,75,000
EMD ₹1,57,500
Auction date
31 Aug 2026, 11:30 AM
Auction notice
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Quick read
- ▸Possession: Physical
- ▸Area: 515 sq. ft.
- ▸Locality: Virar East
- ▸Reserve: ₹15,75,000
- ▸EMD: ₹1,57,500
Auction snapshot
| Possession | Physical |
| Property type | Flat · Residential |
| Locality | Virar East |
| Built-up / plot area | 515 sq. ft. |
| Lender | Indian Overseas Bank |
| Branch | MUMBAI |
| Unit / flat no. | Flat No 401 |
| Building / society | Mahalakshmi Enclave CHSL |
| Floor | 4th Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Virar East, Palghar by Indian Overseas Bank — reserve price ₹15,75,000, 515 sq. ft., Physical possession.
Participate in the bank auction property sale of a residential flat located in Mahalakshmi Enclave, Virar East, Palghar. This 515 sq. ft. flat (Flat No. 401, 4th Floor) is being auctioned by Indian Overseas Bank. Located in a prime residential locality near Kopti Naka, this property offers a great investment opportunity at a reserve price of ₹15,75,000. Interested buyers can participate in the e-auction scheduled for 31-08-2026. This bank auction property in Virar East is ideal for first-time homebuyers or real estate investors looking for affordable housing in the Palghar district. Ensure to complete the EMD submission by the deadline. Inspect the property on 25-08-2026 to evaluate this potential purchase.
GeoSquare note: This property is a strong buy due to its physical possession status and affordable reserve price for a residential flat in the Virar/Palghar region. While the location is developing, the asset is clearly defined with no known encumbrances. It serves as a solid opportunity for entry-level investors or end-users looking for budget-friendly housing.
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