HDFC has stated that it will auction Jet Airways’ 52,700 sq ft BKC Office on May 15. They said the airline failed to repay loan worth Rs 414.8 crore even after receiving a recall notice on April 16. Given this situation, HDFC has decided to enforce mortgage over the property. It said that bids can be submitted for the office till May 13 while the final auction will take place on May 15. The reserve price for the auction is set at Rs 245 crore.