Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611906
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹51,00,000
EMD:₹5,10,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:2025-11-18
Property Description
A residential flat located in Bhiwandi, Thane, Maharashtra. This property is being auctioned by the State Bank of India under the SARFAESI Act. It presents an excellent opportunity for homebuyers or investors in the Thane region.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Residential
Full Address:503, Shantileela Heights, Flat No. 503, 5th Floor, Shantileela Heights, Village Fene, Tal Bhiwandi, Dist. Thane, S No. 9, Hissa No. 2(p) and S No. 12, Hissa No. 14, Bhiwandi, Thane
Building/Society:Shantileela Heights
Size:167 sq. mtr.
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential flat in Bhiwandi, Thane. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price for this auction is ₹51,00,000, with an Earnest Money Deposit (EMD) of ₹5,10,000 required to participate. This is a prime opportunity to acquire a property through a transparent bank auction process.
Borrower Name:Mr. Lalitkumar H Singh
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Seema L Singh
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing area with a reasonable reserve price. While the location may not be prime, the price point and auction terms present a calculated opportunity for potential buyers. Further due diligence on the property and location is recommended.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Shri Mahesh Choudhari
Contact no:7875044195
