Factory land and Building for auction Bhiwandi Thane 31 lakh Federal Bank

Property for Auction in Bhiwandi, Thane, Maharashtra

Recommendation
Calculated OpportunityScore: 6.8
Possession
Physical
Size
1455 Sq. Ft
Reserve Price
31,10,000
Reserve Price
31,10,000
EMD Required
3,11,000
Property Specifications
Society/BuildingKripa Industrial Complex
Size1455 Sq. Ft
Unit No.204
Floor2nd Floor
Possession StatusPhysical
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Factory land and Building
Location IconLocation:
Bhiwandi, Thane
Auction Date IconAuction Date:
06-12-2025 11:30 AM

Auction Details

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

Important Dates

Submission Date:2025-12-05

Bid Start Date:2025-12-06

Property Description

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

Auction Description

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

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 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.

Contact Details

Branch:Branch Office : LCRD - Mumbai Division

Service Provider:drt.auctiontiger.net

Contact Details:

Assistant Vice President

Contact no:91-8828226729

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