Vasai Virar Flat Auction 401305: Flat (408 sq ft) – Reserve ₹22.5 Lakh (8 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-365250
Property Description
Looking for a flat below market price in Vasai Virar? The Vasai Virar flat auction 401305 by Industrial Development Bank of India Limited is scheduled for 8 Oct 2026. On offer is a flat in Vasai Virar, Palghar (PIN 401305), with 408 sq ft carpet area. The online auction runs on 8 October 2026 (11:00 AM to 1:00 PM) with a reserve price of ₹22,50,000.
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
Vasai Virar Flat Auction 401305: Key Highlights
- Reserve price: ₹22,50,000 (₹22.5 Lakh)
- EMD: ₹2,25,000
- Bid increment: ₹10,000
- Auction: 8 October 2026, 11:00 AM to 1:00 PM
- Last date for EMD: 7 October 2026, 4:00 PM
- Location: Vasai Virar, Palghar, Maharashtra
- Possession: Physical
Vasai Virar Flat Auction 401305 – Complete Details
| Auction ID | 365250 |
| Bank property ID | IBKL96796002 |
| Bank | Industrial Development Bank of India Limited |
| Branch | Navi Mumbai -Nerul |
| Property type | Residential – Flat |
| Carpet area | 408 sq ft |
| City / District | Vasai Virar, Palghar |
| State | Maharashtra |
| PIN code | 401305 |
| Type of possession | Physical |
| Type of action | Under SARFAESI |
| Reserve price | ₹22,50,000 |
| EMD | ₹2,25,000 |
| Bid increment | ₹10,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Vasai Virar
Vasai Virar is in Palghar district of Maharashtra, under PIN code 401305. 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 Navi Mumbai -Nerul, which is usually the best contact for site visits and local queries.
Is the Vasai Virar Flat Auction 401305 Worth It?
At the reserve price, the property works out to about ₹5,515 per sq ft of carpet area – compare this with recent resale rates in Vasai Virar before you bid. The EMD of ₹2,25,000 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. The bank holds physical possession, which usually makes handover after the sale smoother.
Important Dates for the Vasai Virar Flat Auction 401305
- Inspection window: 30 September 2026, 11:00 AM to 30 September 2026, 1:00 PM
- EMD submission opens: 25 September 2026
- Last date for EMD: 7 October 2026, 4:00 PM
- E-auction: 8 October 2026, 11:00 AM to 1:00 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 365250 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8240542693.
- Pay the EMD of ₹2,25,000 through the BAANKNET wallet before 7 October 2026, 4:00 PM.
- Log in on 8 October 2026 and bid above the reserve in steps of ₹10,000; 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.
Vasai Virar Flat Auction 401305: FAQs
What is the reserve price in the Vasai Virar flat auction 401305?
The reserve price is ₹22,50,000. Bids below the reserve price are not accepted.
When is the Vasai Virar flat auction 401305 scheduled?
The e-auction is on 8 October 2026 from 11:00 AM to 1:00 PM. The last date for EMD is 7 October 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,25,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Vasai Virar, Palghar, Maharashtra – 401305.
Where can I see the official sale notice?
Search Auction ID 365250 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More IDBI and Maharashtra Auctions
- All Industrial Development Bank of India Limited auction listings
- More flat auctions
- Bank auctions in Maharashtra
- Guide: home loan for auction property
Source: Auction ID 365250 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Industrial Development Bank of India Limited 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 IDBI Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Land Area | 408 sq ft |
| Location | Vasai Virar, Palghar, Palghar, Maharashtra |
| Possession | Physical |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 25 Sep 2026Auction Notice Published
- 30 Sep 2026Inspection Starts
- 30 Sep 2026Inspection Ends
- 7 Oct 2026Last Date for EMD Submission
- 8 Oct 2026, 11:00 AM to 1:00 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.