Palava City Flat Auction: 560 Sq Ft Flat in Casa Urbano at ₹31.5 Lakh – Reserve ₹31.5 Lakh (16 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-32
Property Description
Federal Bank has published a fresh sale notice for the Palava City flat auction, and it is open to all eligible bidders. A 560 sq ft carpet flat on the 16th floor of Casa Urbano in Palava City, with a car park and physical possession already taken, is open for e-auction. The online e-auction is scheduled for 16 October 2026 (11:30 AM to 1:30 PM), with a reserve price of ₹31,50,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Palava City Flat Auction: Key Highlights
- Reserve price: ₹31,50,000
- EMD: ₹3,15,000
- Auction date: 16 October 2026, 11:30 AM to 1:30 PM
- Last date for EMD / bid: 15 October 2026, 1:30 PM
- Location: Palava City, Dombivli, Maharashtra
Palava City Flat Auction – Complete Details
| Asset | Flat D-1604, Casa Urbano, Palava City |
| Description | Flat No. D-1604 on the 16th floor, Wing D, Casa Urbano, with one car parking space, 560 sq ft carpet |
| Built-up area | 560 sq ft carpet |
| Survey / Plot No. | S. No. 53/5, 144/3, 144/4 |
| Village | Khoni |
| Taluk | Kalyan |
| District | Thane |
| Reserve price | ₹31,50,000 |
| EMD (10%) | ₹3,15,000 |
| Bid increment | ₹25,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | Mumbai/Chembur |
| Mode of sale | Online e-auction |
| E-auction portal | federalbank.auctiontiger.net |
| Type of possession | Physical possession |
| Outstanding dues | ₹60,38,200 as on 4 September 2026 |
| Encumbrances | None known to the bank |
| Notice date | 25 September 2026 |
About the Location – Palava City, Dombivli
Palava City is Lodha’s large integrated township on the Kalyan–Shil road near Dombivli, with its own schools, malls, parks and a dedicated bus network. The Taloja Bypass Road and the Airoli–Katai tunnel road link it to Navi Mumbai, and the upcoming Navi Mumbai International Airport and Metro Line 12 (Kalyan–Taloja) are major growth drivers. Palava is popular with young families seeking a planned community at an affordable price.
Is the Palava City Flat Auction Worth It?
The reserve works out to about ₹5,625 per sq ft of carpet, which is below most resale listings in Casa Urbano. The bank’s outstanding dues (₹60.38 Lakh) are about 1.9 times the reserve price, so the bank is clearly motivated to close this sale. Bank auction properties usually sell close to the reserve price when competition is thin, which is where serious buyers find value.
Important Dates for the Palava City Flat Auction
- Sale notice date: 25 September 2026
- Inspection: 08-10-2026, 2:00 PM to 4:00 PM with prior appointment
- Last date for EMD and bid submission: 15 October 2026 (1:30 PM)
- E-auction: 16 October 2026, 11:30 AM to 1:30 PM
How to Bid in This Federal Bank Auction
- Register on federalbank.auctiontiger.net and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹3,15,000 by RTGS/NEFT and upload the bid form before 15 October 2026.
- Log in on 16 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance, 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for S. No. 53/5, 144/3, 144/4.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our tips for buying bank auction flats before you bid.
Contact the Authorised Officer
| Authorised Officer | Assistant Vice President & Branch Head |
| Office | Federal Bank LCRD Mumbai Division, 134, 13th Floor, Jolly Maker Chamber II, Nariman Point, Mumbai 400021 |
| Phone | +91-8828226729 |
| mumlcrd@federal.bank.in |
Palava City Flat Auction: FAQs
What is the reserve price in the Palava City flat auction?
The reserve price is ₹31,50,000. Bids below this amount are not accepted.
When is the Palava City flat auction scheduled?
The auction is on 16 October 2026 from 11:30 AM to 1:30 PM. EMD and bids must reach the bank by 15 October 2026.
How much EMD is required?
The earnest money deposit is ₹3,15,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More flat and apartment auctions
- Bank auctions in Thane
- Guide: home loan for auction property
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank 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 Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 560 sq ft carpet |
| Location | Palava City, Dombivli, Thane, Maharashtra |
| Possession | Physical |
| Encumbrances | None known to the bank |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 8 Oct 2026Inspection Ends
- 15 Oct 2026Last Date for EMD Submission
- 16 Oct 2026, 11:30 AM to 1:30 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.