Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613038
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹1,53,00,000
EMD:₹15,30,000
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-12-09
Property Description
This is a residential flat located in the prime area of Malad West, Mumbai, Maharashtra. The property is being auctioned by the Bank of India under SARFAESI rules. It presents a great opportunity for homebuyers or investors looking to acquire a property in a well-connected and sought-after locality.
State:Maharashtra
City:Mumbai
Area:Malad West
Asset Category:Residential
Full Address:A/302, Swets Shelter CHSL Ltd, Flat no A/302, 3rd Floor, A Wing. Swets Shelter CHSL Ltd, Jankalyan Nagar, Kharodi, Malvani, Off Marve Road, Malad West, Mumbai
Building/Society:Swets Shelter CHSL Ltd
Size:1104 sq. ft.
Auction Description
The Bank of India is conducting an online SARFAESI auction for a residential flat in Malad West, Mumbai. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is ₹1,53,00,000 with an Earnest Money Deposit (EMD) of ₹15,30,000. This is a sealed bid auction. Interested parties should review the auction terms and conditions carefully.
Borrower Name:Mrs. Neelima Menon
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Shaji Balan Nambiar
Why This Property
The Malad West flat presents a reasonable investment opportunity given its location and size, but potential investors should carefully assess the property's condition and prevailing market rates. The reserve price and EMD require substantial capital, aligning with a 'Calculated Opportunity' rating.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
