Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610522
Bank Name:India Infoline Housing Finance Ltd. (IIFL-HFL)
Branch Name:Thane
Reserve Price:₹15,00,000
EMD:₹1,50,000
Bid Increment:₹25,000
Auction Time:11:00 hrs to 13:00 hrs
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Badlapur, Thane, Maharashtra. It is being auctioned by India Infoline Housing Finance Ltd. (IIFL-HFL) under the SARFAESI Act. The property is part of a bank auction aimed at recovering dues from the borrower, MR. PN MORVEKAR.
State:Maharashtra
City:Thane
Area:Badlapur
Asset Category:Residential
Full Address:207, Maple City, Flat No.207 On 2Nd Floor, Building No. 05, Maple City, Chintamani Chowk, Near Badlapur High School, Badlapur (W), Thane, Maharashtra, India, 421503, Badlapur, Thane
Building/Society:Maple City
Size:31.06 Sq. Mtrs
Auction Description
India Infoline Housing Finance Ltd. (IIFL-HFL) is conducting a SARFAESI auction for a residential flat in Badlapur, Thane, Maharashtra. The auction will commence on November 14, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this property is ₹15,00,000, with an Earnest Money Deposit (EMD) of ₹1,50,000 required to participate.
Borrower Name:MR. PN MORVEKAR
Auction Type:SARFAESI Auction
Guarantor Names:MRS. SMITA P MORVEKAR
Legal Details
Possession Status:Physical
Encumbrance Details:Builder dues for Rs.60000/-, Rs. 40,000/- Property Tax Dues, Rs. 8000 Electricity Dues and S.D.R. i.e. 1,70,000/-
Why This Property
The property in Badlapur offers a reasonable opportunity given its reserve price and location. While not a prime investment, it presents a calculated risk with potential for appreciation. The auction terms are standard, and due diligence is crucial.
Contact Details
Branch:Branch Office : Thane
Service Provider:Public Auction
Contact Details:
Contact no:18002672499
