Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612078
Bank Name:ASREC (India) Ltd.
Branch Name:Andheri (East), Mumbai
Reserve Price:₹30,00,000
EMD:₹3,00,000
Bid Increment:₹1,00,000
Auction Time:11:00 AM to 1:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-09
Property Description
A residential flat located in the scenic coastal town of Malvan, Sindhudurg, Maharashtra. This property, previously owned by Mrs. Nilima Rameshwar Sambhari, is being offered for sale by ASREC (India) Ltd. under SARFAESI regulations. The flat is situated in a desirable location within Sindhudurg, offering potential for both personal residence and investment. The area is known for its natural beauty and historical significance.
State:Maharashtra
City:Sindhudurg
Area:Malvan
Asset Category:Residential
Full Address:408, Coral Residency, Near Sai Temple, Dr.Nandu Vaze Road, Dhuriwada Village, Taluka Malwan, District Sindhudurg-416 606, Dhuriwada Village, Malwan, Sindhudurg
Building/Society:Coral Residency
Size:552 sq.ft.
Auction Description
ASREC (India) Ltd. is conducting a SARFAESI auction for a residential flat in Malvan, Sindhudurg, Maharashtra. The auction will take place on December 9, 2025, from 11:00 AM to 01:00 PM. The reserve price and EMD for this auction are both set at INR 300,000.0. This is a valuable opportunity to acquire a property in a prime location through a transparent auction process. Interested bidders are encouraged to review all auction terms and conditions before participating.
Borrower Name:Mrs. Nilima Rameshwar Sambhari
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Rameshwara Sarvadaman Sambari
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Malvan and relatively low reserve price. While the location may not be a major metropolitan area, the price point and property size could appeal to local buyers or those seeking a vacation home. Further due diligence is recommended to assess the market demand and potential rental yield.
Contact Details
Branch:Branch Office : Andheri (East), Mumbai
Service Provider:Public Auction
Contact Details:
Mr. I.N. Biswas
Contact no:9163621311
