Property for Auction in Bhiwandi, Thane, Maharashtra
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609443
Bank Name:Federal Bank
Branch Name:LCRD - Mumbai Division
Reserve Price:₹31,10,000
EMD:₹3,11,000
Bid Increment:₹5,000
Auction Time:11:30 AM to 1.30 PM
Service Provider:drt.auctiontiger.net
Submission Date:2025-12-05
Bid Start Date:2025-12-06
This auction features a prime industrial property located in Bhiwandi, Thane, Maharashtra. The asset includes factory land and a building, suitable for various industrial applications. Situated in a well-known industrial hub, this property offers significant potential for manufacturing, warehousing, or other commercial ventures. Its strategic location provides good connectivity to major transportation routes. The property is being auctioned by Federal Bank under SARFAESI proceedings.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Industrials
Full Address:204, Kripa Industrial Complex, Unit No. 204, 2nd Floor, Building No. A/8, Kripa Industrial Complex, Village Sonale, Taluka Bhiwandi, District Thane - 421302, Bhiwandi, Thane
Building/Society:Kripa Industrial Complex
Size:1455 Sq. Ft
Federal Bank is conducting a SARFAESI auction for a factory land and building in Bhiwandi, Thane, Maharashtra. The auction will take place on December 6, 2025, from 11:30 AM to 01:30 PM. The reserve price for this industrial asset is ₹31,10,000, with an Earnest Money Deposit (EMD) of ₹3,11,000 required to participate. This is an excellent opportunity for investors and businesses seeking a strategically located industrial space. Interested bidders are advised to review all auction terms and conditions.
Borrower Name:Mr. Venkateshkumar Jaykumar Vasudevan
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jaykumar Vasudevan
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property presents a calculated opportunity due to its location in an industrial complex near Bhiwandi, a manufacturing hub. The reserve price is relatively moderate, but potential investors should conduct thorough due diligence regarding the property's condition and market demand. Terms include a standard EMD and auction format, making it accessible to a range of bidders.
Branch:Branch Office : LCRD - Mumbai Division
Service Provider:drt.auctiontiger.net
Contact Details:
Assistant Vice President
Contact no:91-8828226729