Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611939
Bank Name:Bank of India
Branch Name:Navi Mumbai Zone
Reserve Price:₹37,05,000
EMD:₹3,70,500
Bid Increment:₹25,000
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
A residential flat located in Ulhasnagar, Thane, Maharashtra, being auctioned by the Bank of India. This property is offered under the SARFAESI Act, presenting a significant opportunity for potential buyers in the Thane real estate market. The flat is situated in a well-known area of Ulhasnagar.
State:Maharashtra
City:Thane
Area:Ulhasnagar
Asset Category:Residential
Full Address:1799, Poonam Cottage, Entire 2nd floor, "Poonam Cottage", Portion of Room no.1799 of Block No.C-900, C.T.S. No. 24247 (p), Situated Opposite Kali Mata Mandir, Kurla Camp, Village, Kurla Camp, Thane
Building/Society:Poonam Cottage
Size:735 Sq. Ft.
Auction Description
Bank of India is conducting an e-auction for a residential flat in Ulhasnagar, Thane, under the SARFAESI Act. The auction has a reserve price of INR 37,05,000 and requires an Earnest Money Deposit (EMD) of INR 3,70,500. The auction will take place on December 9, 2025, commencing at 11:00 AM and concluding at 5:00 PM. This is a prime opportunity to acquire property through a bank auction.
Borrower Name:Vicky Thakurdas Bathija
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a reasonable investment prospect due to its location in Ulhasnagar and its size. However, the symbolic possession status and the competitive real estate market necessitate a calculated approach. The reserve price and EMD terms are standard, suggesting a fair, though not necessarily exceptional, opportunity.
Contact Details
Branch:Branch Office : Navi Mumbai Zone
Service Provider:BAANKNET
Contact Details:
Contact no:9594238967
