Though buying a property in the city, be it residential, commercial or an empty plot, falls too heavy on the pocket, sources in the real estate sector claimed that in the last one year several non-performing assets (NPAs) such as flats, plots and office spaces are available in the market via bank auctions. Experts say such properties are cheaper by 35 per cent to 40 per cent when compared to market rate.

One of the flats in the plush Gerrene Apartment on St Francis Road in Bandra is an NPA and is up for grabs. Pic/Pradeep Dhivar