Flat for Auction Virar West Palghar 38.7 Lakh by Tamilnad Mercantile Bank Limited

Quick read

• ▸Possession: Constructive
• ▸Area: 709.50 sq. ft.
• ▸Locality: Virar (West)
• ▸Reserve: ₹38,70,000
• ▸EMD: ₹3,87,000

About this property

Flat bank auction in Virar (West), Palghar by Tamilnad Mercantile Bank Limited — reserve price ₹38,70,000, 709.50 sq. ft., Constructive possession.

Explore this bank auction property located in the bustling area of Virar (West), Palghar. This residential flat, situated in the well-known Balaji Platinum complex, offers a built-up area of 709.50 sq. ft. on the 7th floor. This bank auction presents a lucrative opportunity for home buyers and investors looking for affordable housing in the Vasai-Virar region. The property is being sold by Tamilnad Mercantile Bank Limited under the SARFAESI Act. With a competitive reserve price of ₹38,70,000, this flat is an ideal choice for those seeking a value-for-money investment in a developed locality. Interested bidders are advised to review all terms and conditions provided by the bank before participating in the e-auction.

GeoSquare note: The property is located in a well-connected residential pocket of Virar West, offering good value for a 709 sq. ft. built-up area. While the possession is constructive rather than physical, the pricing relative to the locality makes it a strong buy for long-term investors or end-users. It is a stable residential asset in a growing suburb of Palghar district.