Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613015
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹67,50,000
EMD:₹6,75,000
Bid Increment:₹50,000
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This is a residential flat located in the prime area of Andheri West, Mumbai, Maharashtra. The property is being auctioned by the Bank of India under the SARFAESI Act. It presents a valuable opportunity for potential buyers looking for a home or investment in one of Mumbai's most sought-after localities. Andheri West offers excellent connectivity, infrastructure, and a vibrant neighborhood.
State:Maharashtra
City:Mumbai
Area:Andheri West
Asset Category:Residential
Full Address:602, Shrey Apartment CHSL, Flat No.602, 6th Floor, B wing, Shrey Apartment CHSL, Near Azad Nagar Bus Stop, Veer Desai Road, Andheri West, Mumbai-400058, Andheri West, Mumbai
Building/Society:Shrey Apartment CHSL
Size:29.14 Sq. Mt.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Andheri West, Mumbai. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this property is ₹67,50,000, with an Earnest Money Deposit (EMD) of ₹6,75,000. Interested bidders are advised to review all auction terms and conditions thoroughly before participating.
Borrower Name:Mr Ganesh Gopal Moorthy
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. G. Ammu
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
Located in Andheri West, a desirable Mumbai suburb, this compact flat presents a calculated opportunity. The reserve price seems reasonable given the location, but the smaller size might limit its appeal. Auction terms appear standard, requiring careful due diligence.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7587482384
