Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612047
Bank Name:Bank of Maharashtra
Branch Name:MUMBAI NORTH ZONAL OFFICE
Reserve Price:₹14,78,000
EMD:₹1,48,000
Auction Time:11:00 a.m. to 3:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Bandale, Palghar, Maharashtra. The property is being auctioned by the Bank of Maharashtra. It is a SARFAESI auction and the reserve price is INR 14,78,000. The Earnest Money Deposit (EMD) required is INR 1,48,000. The property is associated with the borrower Mr. Damodar Rambahadur Lodhi.
State:Maharashtra
City:Palghar
Area:Bandale
Asset Category:Residential
Full Address:203, Pilaji Nagar Building No. 6, Pilaji Nagar Building No. 6, Village Bandate, Kelve Road (East), Bandate, Palghar
Building/Society:Pilaji Nagar Building No. 6
Auction Description
The Bank of Maharashtra is conducting a SARFAESI auction for a residential flat in Bandale, Palghar, Maharashtra. The auction will take place on November 14, 2025, starting at 11:00 AM and concluding at 03:00 PM. The reserve price for this property is INR 14,78,000, with an EMD of INR 1,48,000. This is an opportunity to acquire a residential asset in Palghar.
Borrower Name:Mr. Damodar Rambahadur Lodhi
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Damodar Rambahadur Lodhi, Mrs. Meena Damodar Lodhi, Mrs. Meena Damodar Lodhi
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known
Why This Property
The property presents a calculated opportunity due to its location in Bandale, Palghar, and its affordable reserve price. While not a prime investment, it offers a good entry point for buyers seeking budget-friendly options. Further due diligence on the location and potential rental income is advised.
Contact Details
Branch:Branch Office : MUMBAI NORTH ZONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Suman Kumar Jha
Contact no:8530253773
