Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613011
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,40,00,000
EMD:₹14,00,000
Bid Increment:₹1,00,000
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
A residential flat located in the prime area of Belapur, Navi Mumbai, Maharashtra. This property is being auctioned by the Bank of India under SARFAESI norms. It presents a valuable opportunity for homebuyers and investors in a well-connected and developed urban locality. The flat is an asset of M/s. Mahavir Roads & Infrastructures Pvt. Ltd.
State:Maharashtra
City:Navi Mumbai
Area:Belapur
Asset Category:Residential
Full Address:B-203, Mermaid-1 CHS, Flat No. B-203 at 2nd Floor Mermaid-1 CHS, Plot No-32,33, Sector 11 CBD Belapur, Navi Mumbai, Belapur, Navi Mumbai
Building/Society:Mermaid-1 CHS
Size:975.00 sq. ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Belapur, Navi Mumbai. The auction is set to take place on 25-11-2025, commencing at 11:00 AM and concluding at 05:00 PM. The reserve price for this property is ₹1,40,00,000, with an Earnest Money Deposit (EMD) of ₹14,00,000 required to participate. This is a public auction event for the recovery of dues.
Borrower Name:M/s. Mahavir Roads & Infrastructures Pvt. Ltd
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Jitendra V Kikavat, Mahavir Sales Corporation, Mahavir Stone Supply Co
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Belapur, a prime area in Navi Mumbai, coupled with physical possession and a reasonable reserve price, makes it a strong buy. The flat offers ample space and is suitable for families or investors. Auction terms seem favorable, further solidifying its investment potential.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
