Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609662
Bank Name:Bank of India
Branch Name:Navi Mumbai Zone
Reserve Price:₹42,48,000
EMD:₹4,24,800
Bid Increment:₹25,000
Auction Time:11 AM to 5 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This is a residential flat located in Bhiwandi, Thane, Maharashtra. The property is being auctioned by the Bank of India under the SARFAESI Act. It is an excellent opportunity to acquire a property in a well-connected area of Thane.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Residential
Full Address:1101, Shyamdhani Heights, Flat no. 1101, 11th Floor, Building known as Shyamdhani Heights, Survey no. 53, Hissa no. 8, Village-Kamatghar, Brahmanand Nagar, Bhiwandi, Thane-421302, Bhiwandi, Thane
Building/Society:Shyamdhani Heights
Size:770 Sq. Ft.
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Bhiwandi, Thane, Maharashtra. The auction will commence on 09-12-2025 at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price is INR 42,48,000 and the Earnest Money Deposit (EMD) is INR 4,24,800. This is a direct auction by the bank.
Borrower Name:Shrihari Bhadrachalam Adep
Auction Type:SARFAESI Auction
Guarantor Names:Bhadrachalam Rajesham Adep
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment opportunity given its location in Bhiwandi, Thane. The reserve price and symbolic possession suggest a calculated risk. Further due diligence is recommended to assess the property's current market value and potential for appreciation.
Contact Details
Branch:Branch Office : Navi Mumbai Zone
Service Provider:BAANKNET
Contact Details:
Contact no: —
