Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:612076
Bank Name:ASREC (India) Ltd.
Branch Name:Andheri (East), Mumbai
Reserve Price:₹3,13,00,000
EMD:₹31,30,000
Bid Increment:₹2,00,000
Auction Time:11:00 AM to 1:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-09
Property Description
This is a prime commercial property located in Malvan, Sindhudurg, Maharashtra. Situated in a key area, this asset offers significant potential for various business ventures. The property is being auctioned by ASREC (India) Ltd. under the SARFAESI Act. Ideal for investors seeking a commercial foothold in a developing region.
State:Maharashtra
City:Sindhudurg
Area:Malvan
Asset Category:Commercial
Full Address:Coral Apartal, Near Sai Temple, Dr.Nandu Vaze Road, Dhuriwada Village, Taluka Malwan, Dt. Sindhudurg - 416 606, Dhuriwada Village, Malvan
Building/Society:Coral Apartal
Size:5208.06 Sq/ft
Auction Description
ASREC (India) Ltd. is conducting a SARFAESI auction for a commercial property in Malvan, Sindhudurg, Maharashtra. The auction will take place on December 9, 2025, from 11:00 AM to 1:00 PM. The reserve price is ₹31,30,000, with an Earnest Money Deposit (EMD) of ₹3,13,000 required. This is a unique opportunity to acquire a commercial asset directly from the bank.
Borrower Name:M/s. Saanvi Holidays Pvt
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rameshwara Sarvadaman Sambari, Mr. Jaswanil Sarvadaman Sambari, Mr. Santosh Ramanna Shetty, Mr. Sarvadaman Narayan Sambhari, Mrs. Nilima Rameshwar Sambari
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
This commercial property in Malvan presents a promising investment due to its hotel premises. The location near Sai Temple and the building's design contribute to its appeal. The auction terms are standard, making it a viable option for investors familiar with the area.
Contact Details
Branch:Branch Office : Andheri (East), Mumbai
Service Provider:Public Auction
Contact Details:
Mr. I.N. Biswas
Contact no:9163621311
