Land for Auction Vile Parle E Mumbai 3.9 Crore by Idfc First Bank Ltd
Vile Parle (E), Mumbai
107 and 108, Level 1, The Summit Business Bay, Samarth Nagar, Hanuman Road, W.E. Highway, Vile Parle (E), Mumbai- 400 057
IDFC First Bank Ltd · Chetpet, Chennai
Reserve price
₹3,92,08,536
EMD ₹39,20,853
Auction date
10 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Locality: Vile Parle (E)
- ▸Reserve: ₹3,92,08,536
- ▸EMD: ₹39,20,853
Auction snapshot
| Possession | Symbolic |
| Property type | Land · Residential |
| Locality | Vile Parle (E) |
| Lender | IDFC First Bank Ltd |
| Branch | Chetpet, Chennai |
| Unit / flat no. | 107 and 108 |
| Building / society | The Summit Business Bay |
| Floor | Level 1 |
| Auction type | SARFAESI Auction |
| Service provider | Public Auction |
About this property
Land bank auction in Vile Parle (E), Mumbai by IDFC First Bank Ltd — reserve price ₹3,92,08,536, Symbolic possession.
Seize a prime investment opportunity with IDFC First Bank's e-auction of commercial office units 107 and 108, located on Level 1 of The Summit Business Bay in the bustling Samarth Nagar, Vile Parle (East), Mumbai-400057. This bank auction property offers a strategic location on Hanuman Road, W.E. Highway, ideal for businesses seeking high visibility and connectivity. The auction is scheduled for July 10, 2026, with a reserve price of ₹39,208,536.00. Interested bidders must submit an EMD of ₹3,920,853.60 by July 09, 2026. Property inspection is available on July 02, 2026. Don't miss this chance to acquire a valuable commercial shop for sale in a sought-after Mumbai locality.
GeoSquare note: This property scores high as a prime investment due to its strategic location in Vile Parle (East), Mumbai, a highly desirable commercial hub. Being commercial office units within 'The Summit Business Bay' adds to its appeal, suggesting good infrastructure and potential for high returns. The possession status is symbolic, which is common in bank auctions. The reserve price aligns with the market value for such a location and property type, making it a strong buy for investors.
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