Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613036
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
A residential flat located in the prime area of Mumbai City, Maharashtra. This property is being auctioned by the Bank of India under SARFAESI provisions. It presents a valuable opportunity for buyers seeking real estate in one of India's most dynamic urban centers. The flat is ideal for personal use or investment, offering potential for appreciation in a highly sought-after location.
State:Maharashtra
City:Mumbai
Area:Mumbai City
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
This is a SARFAESI auction conducted by the Bank of India for a residential flat in Mumbai City, Maharashtra. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price for this property is INR 50,70,000, with an Earnest Money Deposit (EMD) of INR 5,07,000 required to participate. This is a legal auction process to recover dues from the borrower, Mr. Sunil Chandrakant Mokashl.
Borrower Name:Mr. Sunil Chandrakant Mokashl
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. G. Ammu
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a well-connected area of Mumbai. The reserve price is reasonable, but the symbolic possession status and lack of detailed auction timing information introduce some uncertainty. Therefore, it presents a calculated opportunity, requiring further due diligence before investment.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7587482384
