Thane Flat Auction 400601: 1 BHK Flat (450 sq ft) – Reserve ₹39.86 Lakh (9 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-367942
Property Description
Looking for a flat below market price in Thane? The Thane flat auction 400601 by Bank of India is scheduled for 9 Oct 2026. On offer is a flat in Thane (PIN 400601), with 450 sq ft built-up and 357 sq ft carpet area. The online auction runs on 9 October 2026 (11:00 AM to 5:00 PM) with a reserve price of ₹39,86,000.
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
Thane Flat Auction 400601: Key Highlights
- Reserve price: ₹39,86,000 (₹39.86 Lakh)
- EMD: ₹3,98,600
- Bid increment: ₹5,000
- Auction: 9 October 2026, 11:00 AM to 5:00 PM
- Last date for EMD: 9 October 2026, 4:00 PM
- Location: Thane, Maharashtra
- Possession: Physical
Thane Flat Auction 400601 – Complete Details
| Auction ID | 367942 |
| Bank property ID | BKID00690001 |
| Bank | Bank of India |
| Branch | Mulund (West) |
| Property type | Residential – Flat |
| Rooms | 1 BHK |
| Built-up area | 450 sq ft |
| Carpet area | 357 sq ft |
| Furnishing | Unfurnished |
| Locality | Thane |
| City / District | Thane |
| State | Maharashtra |
| PIN code | 400601 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹39,86,000 |
| EMD | ₹3,98,600 |
| Bid increment | ₹5,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Thane
This listing falls in Thane, Maharashtra, postal code 400601. 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 Mulund (West), which is usually the best contact for site visits and local queries.
Is the Thane Flat Auction 400601 Worth It?
At the reserve price, the property works out to about ₹8,858 per sq ft of built-up area – compare this with recent resale rates in Thane before you bid. The EMD of ₹3,98,600 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Thane Flat Auction 400601
- EMD submission opens: 1 October 2026
- Last date for EMD: 9 October 2026, 4:00 PM
- E-auction: 9 October 2026, 11:00 AM to 5:00 PM
- Auto-extension: 5 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 367942 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9909938169.
- Pay the EMD of ₹3,98,600 through the BAANKNET wallet before 9 October 2026, 4:00 PM.
- Log in on 9 October 2026 and bid above the reserve in steps of ₹5,000; each late bid extends the auction by 5 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
- Verify the title documents and the society or builder NOC.
- Check pending maintenance, property tax and utility dues.
- Confirm the possession status and whether the flat is occupied.
- Check the approved plan and occupancy certificate for the building.
- Read our tips for buying bank auction flats before you bid.
Thane Flat Auction 400601: FAQs
What is the reserve price in the Thane flat auction 400601?
The reserve price is ₹39,86,000. Bids below the reserve price are not accepted.
When is the Thane flat auction 400601 scheduled?
The e-auction is on 9 October 2026 from 11:00 AM to 5:00 PM. The last date for EMD is 9 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹3,98,600. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Thane, Maharashtra – 400601.
Where can I see the official sale notice?
Search Auction ID 367942 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More BOI and Maharashtra Auctions
- All Bank of India auction listings
- More flat auctions
- Bank auctions in Maharashtra
- Guide: home loan for auction property
Source: Auction ID 367942 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with 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 Bank of India. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 450 sq ft |
| Location | Thane, Thane, Maharashtra |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 9 Oct 2026Last Date for EMD Submission
- 9 Oct 2026, 11:00 AM to 5:00 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.