Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612051
Bank Name:Bank of Maharashtra
Branch Name:MUMBAI NORTH ZONAL OFFICE
Reserve Price:₹12,60,000
EMD:₹1,26,000
Auction Time:11:00 a.m. to 3:00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
This is a residential flat located in Kambalgaon, Palghar, Maharashtra. The property is being auctioned by the Bank of Maharashtra. It is a SARFAESI auction, indicating it is a secured asset sale. This is a great opportunity to acquire a property in a developing area.
State:Maharashtra
City:Palghar
Area:Kambalgaon
Asset Category:Residential
Full Address:A-2-23, Happinest-Boisar, A-2-23, A-2 Building of A-2 Block, Happinest-Boisar, New gut No-50, Plot No.1 Village-Kambalgaon, Kambalgaon, Palghar
Building/Society:Happinest-Boisar
Size:38.39 sq. Meters
Auction Description
The Bank of Maharashtra is conducting a SARFAESI auction for a residential flat in Kambalgaon, Palghar, Maharashtra. The auction has a reserve price of ₹12,60,000 and requires an EMD of ₹1,26,000. The auction will take place on November 14, 2025, starting at 11:00 AM and closing at 03:00 PM. Interested bidders should ensure they meet all pre-auction requirements.
Borrower Name:Mrs. Preeti Ravi Malhotra
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ravi Kumar Malhotra
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known
Why This Property
The property is located in Palghar, a developing area, and is offered at a relatively low reserve price. While the location presents growth potential, further due diligence on the project and local market conditions is advisable before investing due to the 'Constructive' possession status and 'Not Known' encumbrance details.
Contact Details
Branch:Branch Office : MUMBAI NORTH ZONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Suman Kumar Jha
Contact no:8530253773
