Land and Building 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 Parel - 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 | Land And Building · Residential |
| Locality | Parel |
| Built-up / plot area | 693.99 SQ. MTRS. |
| Lender | Standard Chartered Bank |
| Branch | Mumbai |
| Building / society | Parekh Industrial Estate |
| Floor | 2nd Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹1,00,000 |
| Service provider | matex.net |
About this property
Land And Building bank auction in Parel, Mumbai by Standard Chartered Bank — reserve price ₹17,41,79,700, 693.99 SQ. MTRS., Physical possession.
Explore this bank auction property located in Parel, Mumbai. This commercial space, situated on the 2nd floor of Parekh Industrial Estate, offers a carpet area of 693.99 sq. mtrs. The e-auction, conducted by Standard Chartered Bank, features a reserve price of ₹174,179,700. Don't miss the opportunity to acquire this prime commercial property through a bank auction. With an EMD of ₹17,417,970, this is an excellent investment in a strategic location. Seize the chance to own this commercial shop for sale in the heart of Mumbai's industrial area.
GeoSquare note: Located in the industrial area of Parel, Mumbai, this commercial property offers good investment potential due to its size and location. The auction details, including a moderate reserve price, offer an opportunity for a profitable acquisition. Considering the physical posession status, it is a good oppurtunity for investment.
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