Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:611042
Bank Name:Canara Bank
Branch Name:STRESSED ASSETS MANAGEMENT BRANCH
Reserve Price:₹7,80,00,00,000
EMD:₹78,00,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
Prime land parcel located in the sought-after area of Powai, Mumbai, Maharashtra. This offering presents a significant opportunity in a well-developed urban locale, ideal for residential development. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Maharashtra
City:Mumbai
Area:Powai
Asset Category:Residential
Full Address:I.T. Building No. 2, Supreme Business Park, I.T. Building No. 2 Known as "Supreme Business Park", Powai, Mumbai, Powai, Mumbai
Building/Society:Supreme Business Park
Size:692826.07 Sq. Ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a substantial land parcel in Powai, Mumbai. The auction will take place on December 10, 2025, from 10:00 AM to 12:00 PM. The reserve price for this asset is ₹780,00,00,000, with an Earnest Money Deposit (EMD) of ₹78,00,00,000 required. This is a unique chance to acquire a prime piece of real estate in one of Mumbai's most desirable areas.
Borrower Name:M/s. Supreme Housing And Hospitality Pvt. Ltd
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's prime location in Powai, combined with its substantial commercial space, makes it a strong investment opportunity. The high reserve price reflects the value of the location and the property. Potential investors should carefully evaluate the market and conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : STRESSED ASSETS MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Kishore Kerba Mane / Gaurav Pareek
Contact no:8097590940/8005524089
