Flat for auction Kalwa Thane 25 lakh Bank of India

This is a residential flat located in Kalwa, Thane, Maharashtra, being auctioned by the Bank of India. The property is being sold under SARFAESI proceedings due to a default by the borrower, Nazeem Hussain Shaikh. The flat offers a promising opportunity for homeownership or investment in a developing area of Thane. Its location in Kalwa provides access to local amenities and transportation networks. The property is categorized as residential, making it suitable for individual buyers or families.

The Bank of India is conducting an online SARFAESI auction for a residential flat in Kalwa, Thane, Maharashtra. The auction begins on November 25, 2025, at 11:00 AM and concludes at 5:00 PM on the same day. The reserve price for this property is INR 25,24,000, with an Earnest Money Deposit (EMD) of INR 2,52,400 required to participate. This is a significant opportunity to acquire a property through a transparent auction process conducted by a leading public sector bank.

The property is a small residential flat in Kalwa, Thane, offered at a relatively reasonable reserve price. Its physical possession status is a positive aspect. However, the limited size and specific location might restrict broader market appeal, suggesting a calculated investment opportunity.