Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610512
Bank Name:Indian Overseas Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹71,12,000
EMD:₹7,11,200
Bid Increment:₹50,000
Auction Time:11:00 AM to 03:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-15
Bid Start Date:2025-11-15
Property Description
This is a residential flat located in Bhiwandi, Thane, Maharashtra, being auctioned by Indian Overseas Bank. The property is a Flat, categorized under residential assets.
State:Maharashtra
City:Thane
Area:Bhiwandi
Asset Category:Residential
Full Address:208 & 209, Parasnath Complex, Unit No 208 & 209, 2nd Floor, Building No-D-4 Parasnath Complex, Village Val, Taluka Bhiwandi, Bhiwandi, Thane
Building/Society:Parasnath Complex
Size:6050 sqft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Bhiwandi, Thane, Maharashtra. The auction will take place on 15-11-2025 from 11:00 AM to 03:00 PM. The reserve price for this auction is ₹71,12,000, with an Earnest Money Deposit (EMD) of ₹7,11,200. The property is being auctioned due to default by the borrower, M/s Lucy Vegona Lifestyle Private Limited.
Borrower Name:M/s Lucy Vegona Lifestyle Private Limited
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a substantial space in a developing area. The reserve price seems reasonable given the size, but potential investors should thoroughly investigate the location and market conditions in Bhiwandi. This auction presents a calculated opportunity for those willing to do their due diligence.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Manish Kumar
Contact no:8506039396
