Mumbai Industrial Shed Auction: Industrial Shed (2,753 sq ft) – Reserve ₹5.11 Cr (7 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362331
Property Description
The Mumbai industrial shed auction listed by State Bank of India on the BAANKNET e-auction portal is one of the upcoming industrial shed opportunities in Maharashtra. On offer is a industrial shed in Mumbai, Mumbai Suburban (PIN 400078), with 2,753 sq ft carpet area. The online auction runs on 7 October 2026 (11:00 AM to 3:00 PM) with a reserve price of ₹5,11,00,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Mumbai Industrial Shed Auction: Key Highlights
- Reserve price: ₹5,11,00,000 (₹5.11 Cr)
- EMD: ₹51,10,000
- Bid increment: ₹2,00,000
- Auction: 7 October 2026, 11:00 AM to 3:00 PM
- Last date for EMD: 7 October 2026, 2:45 PM
- Location: Mumbai, Mumbai Suburban, Maharashtra
- Possession: Symbolic
Mumbai Industrial Shed Auction – Complete Details
| Auction ID | 362331 |
| Bank property ID | SBINVARSHASHED2 |
| Bank | State Bank of India |
| Branch | Samb Mumbai |
| Property type | Industrial – Industrial Shed |
| Carpet area | 2,753 sq ft |
| Locality | Mumbai |
| City / District | Mumbai, Mumbai Suburban |
| State | Maharashtra |
| PIN code | 400078 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹5,11,00,000 |
| EMD | ₹51,10,000 |
| Bid increment | ₹2,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Mumbai
Mumbai is in Mumbai Suburban district of Maharashtra, under PIN code 400078. Maharashtra is India’s largest real-estate market, led by the Mumbai Metropolitan Region, Pune and Nagpur, and backed by strong industrial corridors such as the Samruddhi Mahamarg and the Mumbai–Pune belt. The handling branch is Samb Mumbai, which is usually the best contact for site visits and local queries.
Is the Mumbai Industrial Shed Auction Worth It?
At the reserve price, the property works out to about ₹18,562 per sq ft of carpet area – compare this with recent resale rates in Mumbai before you bid. The EMD of ₹51,10,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Mumbai Industrial Shed Auction
- Inspection window: 29 September 2026, 3:00 PM to 29 September 2026, 5:00 PM
- EMD submission opens: 18 September 2026
- Last date for EMD: 7 October 2026, 2:45 PM
- E-auction: 7 October 2026, 11:00 AM to 3:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 362331 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9049757700.
- Pay the EMD of ₹51,10,000 through the BAANKNET wallet before 7 October 2026, 2:45 PM.
- Log in on 7 October 2026 and bid above the reserve in steps of ₹2,00,000; each late bid extends the auction by 10 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our warehouse and godown buying guide before you bid.
Mumbai Industrial Shed Auction: FAQs
What is the reserve price in the Mumbai industrial shed auction?
The reserve price is ₹5,11,00,000. Bids below the reserve price are not accepted.
When is the Mumbai industrial shed auction scheduled?
The e-auction is on 7 October 2026 from 11:00 AM to 3:00 PM. The last date for EMD is 7 October 2026, 2:45 PM.
How much EMD is required?
The earnest money deposit is ₹51,10,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Mumbai, Mumbai Suburban, Maharashtra – 400078.
Where can I see the official sale notice?
Search Auction ID 362331 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More SBI and Maharashtra Auctions
- All State Bank of India auction listings
- More industrial shed auctions
- Bank auctions in Maharashtra
- Guide: finance options for commercial auctions
Source: Auction ID 362331 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with State Bank of India before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by State Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Industrial Sheds |
|---|---|
| Land Area | 2753 sq ft |
| Location | Mumbai, Mumbai Suburban, Mumbai, Maharashtra |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 18 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Starts
- 29 Sep 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 11:00 AM to 3:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.