Land for Auction Santacruz East Mumbai 29.1 Crore by Asrec India Ltd
Santacruz East, Mumbai
Area: 6358 sq. ft.
Plot No. 2, TPS V, Road No. 3, Opp. Santacruz Railway Station, Santacruz (East), Mumbai - 400 055
ASREC (India) Ltd. · Reg. Office - Mumbai
Reserve price
₹29,08,00,000
EMD ₹2,90,80,000
Auction date
08 Sep 2026, 10:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 6358 sq. ft.
- ▸Locality: Santacruz East
- ▸Reserve: ₹29,08,00,000
- ▸EMD: ₹2,90,80,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | Santacruz East |
| Built-up / plot area | 6358 sq. ft. |
| Lender | ASREC (India) Ltd. |
| Branch | Reg. Office - Mumbai |
| Unit / flat no. | Plot No. 2 |
| Building / society | Hotel Gopal Krishna and Sai Palace |
| Floor | Ground plus 7 upper Floors |
| Auction type | SARFAESI Auction |
| Service provider | bankeauctions.com / C1 India |
About this property
Land bank auction in Santacruz East, Mumbai by ASREC (India) Ltd. — reserve price ₹29,08,00,000, 6358 sq. ft., Symbolic possession.
Explore this prime bank auction property located in the heart of Santacruz East, Mumbai. This commercial property, known as 'Hotel Gopal Krishna' and 'Sai Palace', consists of a landed property admeasuring 256.70 sq. metres with a building comprising ground plus seven upper floors. With a total salable area of 6358 sq. ft., this hotel building is strategically situated opposite the Santacruz Railway Station. This is a rare opportunity for investors looking to acquire a commercial establishment in a high-footfall area of Mumbai. The property is being sold on an 'As Is Where Is' basis. Interested bidders should note the substantial size and excellent location, making it a potential landmark investment. Contact the bank for auction dates and further details regarding this commercial real estate opportunity.
GeoSquare note: The property is located in an extremely high-demand area right opposite Santacruz Railway Station, offering immense commercial potential for hospitality or retail. While it is a symbolic possession case, the sheer size and strategic location in the Mumbai Suburban district make it a premium investment opportunity for serious bidders.
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