Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611631
Bank Name:Bank of Maharashtra
Branch Name:Navi Mumbai Zonal Office
Reserve Price:₹57,50,000
EMD:₹5,75,000
Auction Time:11.00 am to 3.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:20-11-2025 05:00 PM
Bid Start Date:2025-11-21
Property Description
This is a prime commercial property located in Panvel, Raigad, Maharashtra, brought to auction by the Bank of Maharashtra. Situated in a key business area, this asset offers significant potential for various commercial ventures. The property is ideal for investors and businesses looking to establish or expand their presence in the thriving Raigad district. Its strategic location ensures accessibility and visibility, making it a valuable acquisition.
State:Maharashtra
City:Raigad
Area:Panvel
Asset Category:Commercial
Full Address:214, 215 & 240, Kohinur Industrial Complex, Kohinur Industrial Complex, Taloja, Plot no. J-7, J-8, J-9, Tondhare, Taloja, Panvel, Raigadh
Building/Society:Kohinur Industrial Complex
Size:1462 sq. ft.
Auction Description
The Bank of Maharashtra is conducting a SARFAESI auction for a commercial property in Panvel, Raigad. The auction has a reserve price of INR 57,50,000 and requires an Earnest Money Deposit (EMD) of INR 5,75,000. The auction will take place on November 21, 2025, starting at 11:00 AM and concluding at 03:00 PM. This is a fantastic opportunity to acquire a commercial asset through a transparent auction process.
Borrower Name:M/s Okle Ventures
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jatin Amrutalal Masand, Mr. Paramjeet Singh Sikka, Mrs. Geeta Amrutlal Masand
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in an industrial complex and physical possession status. The reserve price seems reasonable, however, due diligence is required to verify encumbrances and potential returns. Further investigation into the area's commercial viability is recommended before bidding.
Contact Details
Branch:Branch Office : Navi Mumbai Zonal Office
Service Provider:BAANKNET
Contact Details:
Mrs. Megha T. Jaulkar
Contact no:8424038477
