Navi Mumbai Shop Auction: Shops (236.32 sq ft) – Reserve ₹7.21 Cr (22 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-361208
Property Description
Looking for a shop below market price in Navi Mumbai? The Navi Mumbai shop auction by Bank of Baroda is scheduled for 22 Oct 2026. On offer is a shops in Navi Mumbai, Thane (PIN 400705), with 236.32 sq ft carpet area. The online auction runs on 22 October 2026 (2:00 PM to 6:00 PM) with a reserve price of ₹7,21,00,000.
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
Navi Mumbai Shop Auction: Key Highlights
- Reserve price: ₹7,21,00,000 (₹7.21 Cr)
- EMD: ₹72,10,000
- Bid increment: ₹3,00,000
- Auction: 22 October 2026, 2:00 PM to 6:00 PM
- Last date for EMD: 22 October 2026, 5:30 PM
- Location: Navi Mumbai, Thane, Maharashtra
- Possession: Symbolic
Navi Mumbai Shop Auction – Complete Details
| Auction ID | 361208 |
| Bank property ID | BARB25850593 |
| Bank | Bank of Baroda |
| Branch | Zonal Sarb, Mumbai |
| Property type | Commercial – Shops |
| Carpet area | 236.32 sq ft |
| City / District | Navi Mumbai, Thane |
| State | Maharashtra |
| PIN code | 400705 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹7,21,00,000 |
| EMD | ₹72,10,000 |
| Bid increment | ₹3,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Navi Mumbai
This listing falls in Navi Mumbai, Thane, Maharashtra, postal code 400705. 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 Zonal Sarb, Mumbai, which is usually the best contact for site visits and local queries.
Is the Navi Mumbai Shop Auction Worth It?
At the reserve price, the property works out to about ₹3,05,095 per sq ft of carpet area – compare this with recent resale rates in Navi Mumbai before you bid. The EMD of ₹72,10,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Navi Mumbai Shop Auction
- Inspection window: 19 October 2026, 11:00 AM to 19 October 2026, 1:00 PM
- EMD submission opens: 16 September 2026
- Last date for EMD: 22 October 2026, 5:30 PM
- E-auction: 22 October 2026, 2:00 PM to 6:00 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 361208 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9771419968.
- Pay the EMD of ₹72,10,000 through the BAANKNET wallet before 22 October 2026, 5:30 PM.
- Log in on 22 October 2026 and bid above the reserve in steps of ₹3,00,000; 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our commercial property auction guide before you bid.
Navi Mumbai Shop Auction: FAQs
What is the reserve price in the Navi Mumbai shop auction?
The reserve price is ₹7,21,00,000. Bids below the reserve price are not accepted.
When is the Navi Mumbai shop auction scheduled?
The e-auction is on 22 October 2026 from 2:00 PM to 6:00 PM. The last date for EMD is 22 October 2026, 5:30 PM.
How much EMD is required?
The earnest money deposit is ₹72,10,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Navi Mumbai, Thane, Maharashtra – 400705.
Where can I see the official sale notice?
Search Auction ID 361208 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BoB and Maharashtra Auctions
- All Bank of Baroda auction listings
- More shop auctions
- Bank auctions in Maharashtra
- Guide: buying bank auction shops and showrooms
Source: Auction ID 361208 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Baroda 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 Bank of Baroda. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Shops & Showrooms |
|---|---|
| Land Area | 236.32 sq ft |
| Location | Navi Mumbai, Thane, Thane, Maharashtra |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 16 Sep 2026Auction Notice Published
- 19 Oct 2026Inspection Starts
- 19 Oct 2026Inspection Ends
- 22 Oct 2026Last Date for EMD Submission
- 22 Oct 2026, 2:00 PM to 6:00 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.