Land for Auction Mahatmajyotiba Phule Nagar Village Jawsai Thane 16.5 Lakh by Edelweiss Asset Reconstruction Company Limited
Mahatmajyotiba Phule Nagar, Village Jawsai, Thane
Area: 394 Sq. Ft
Flat-302, Floor-3rd, Patel's Prayosha Yogi Niwas-Bldg-9, S No 39a, Old Hn 1p, New Hn 1-4, Mahatmajyotiba Phule Nagar, Village Jawsai, Ambernath West - 421501
Edelweiss Asset Reconstruction Company Limited · Retail Central & Regd. Office: Mumbai
Reserve price
₹16,50,000
EMD ₹1,65,000
Auction date
16 Jul 2026, 01:00 PM
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Quick read
- ▸Possession: Physical
- ▸Area: 394 Sq. Ft
- ▸Locality: Mahatmajyotiba Phule Nagar, Village Jawsai
- ▸Reserve: ₹16,50,000
- ▸EMD: ₹1,65,000
Auction snapshot
| Possession | Physical |
| Property type | Land · Residential |
| Locality | Mahatmajyotiba Phule Nagar, Village Jawsai |
| Built-up / plot area | 394 Sq. Ft |
| Lender | Edelweiss Asset Reconstruction Company Limited |
| Branch | Retail Central & Regd. Office: Mumbai |
| Unit / flat no. | Flat-302 |
| Building / society | Patel's Prayosha Yogi Niwas-Bldg-9 |
| Floor | 3rd Floor |
| Auction type | SARFAESI Auction |
| Service provider | edelweiss arc |
About this property
Land bank auction in Mahatmajyotiba Phule Nagar, Village Jawsai, Thane by Edelweiss Asset Reconstruction Company Limited — reserve price ₹16,50,000, 394 Sq. Ft, Physical possession.
Discover a residential flat for sale via bank auction in Ambernath West, Thane, Maharashtra. This 3rd-floor Flat-302, measuring 394 Sq. Ft carpet area, is located in Patel's Prayosha Yogi Niwas-Bldg-9, Mahatmajyotiba Phule Nagar, Village Jawsai. The property is offered by Edelweiss Asset Reconstruction Company Limited with a reserve price of ₹16.5 lakhs and an Earnest Money Deposit (EMD) of ₹1.65 lakhs. The e-auction is scheduled for July 16, 2026, with physical possession. This bank auction property presents a potential investment opportunity in a developing Thane locality. Note that previous attempts to auction this property failed due to lack of bidders, indicating a potential for reconsideration at this price point.
GeoSquare note: This residential flat in Ambernath West, Thane, offers physical possession, which is a significant advantage for immediate occupancy or rental. The reserve price of ₹16.5 lakhs for 394 sq. ft appears competitive for the developing area. However, the mention of previous failed auctions due to lack of bidders raises a concern about market interest or perceived value. Given the physical possession and reasonable price, it could be a fair option for investors after careful due diligence and assessment of local demand.
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