Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611905
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹52,00,000
EMD:₹5,20,000
Auction Time:11.00 am to 04.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 11:00 AM
Property Description
A residential flat located in Kalyan, Thane, Maharashtra, is up for auction by the State Bank of India. This property is being auctioned under the SARFAESI Act. The area is well-connected and offers convenient living. This is a great opportunity to acquire a property in a sought-after location.
State:Maharashtra
City:Thane
Area:Kalyan
Asset Category:Residential
Full Address:1203, RUTU River Side Estate, Flat No. 1203, 12th Floor, Building No. 3, RUTU River Side Estate, RUTU River Side Estate Phase -I, Village Kolivali, Near KM Agrawal College, Kalyan West - 421301, Kolivali, Kalyan
Building/Society:RUTU River Side Estate
Size:658 Sq. Ft.
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential flat in Kalyan, Thane, Maharashtra. The auction will commence on November 18, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this property is INR 52,00,000, with an Earnest Money Deposit (EMD) of INR 5,20,000 required to participate. This auction presents a chance to purchase a property directly from the bank.
Borrower Name:Mr. Prakash Shantaram Vichare
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Sujata Prakash Vichare
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
This Kalyan flat presents a reasonable investment opportunity, given its location and size. While not a 'Prime Investment,' the property's reserve price relative to Kalyan's market trends suggests potential for value appreciation. Interested buyers should thoroughly assess the property condition and local market dynamics before bidding.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Shri Mahesh Choudhari
Contact no:7875044195
