Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613018
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹99,50,000
EMD:₹9,95,000
Bid Increment:₹50,000
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
Bank of India presents a SARFAESI auction for a residential flat in Dahisar, Mumbai, Maharashtra. This is a valuable opportunity to acquire a property in a prime urban location. The flat is offered through a bank auction, providing a transparent and competitive bidding process. Ideal for individuals or families looking for a home in Mumbai.
State:Maharashtra
City:Mumbai
Area:Dahisar
Asset Category:Residential
Full Address:203, Madhuban CHSL, Flat No. 203, 2nd Floor, B Wing, Madhuban CHSL, Above Axis Bank, Near Vithal Temple, Lokmanya Tilak Road, Dahisar West, Mumbai 400068, Dahisar West, Mumbai
Building/Society:Madhuban CHSL
Size:620 sq. ft
Auction Description
Participate in the Bank of India's SARFAESI auction for a residential flat in Dahisar, Mumbai. The auction commences on December 9, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price is set at ₹99,50,000, with an Earnest Money Deposit (EMD) of ₹9,95,000 required to bid. This auction is conducted under the SARFAESI Act. Property details and bidding procedures will be available from the Bank of India.
Borrower Name:Mr. Akhilesh Rambabu Gupta
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a decent Mumbai suburb, Dahisar. The reserve price appears reasonable, but further due diligence is needed regarding encumbrances and building conditions. It's a calculated risk with potential upside if acquired at a competitive price.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:99201125329937706007
