Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613034
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹51,30,000
EMD:₹5,13,000
Bid Increment:₹50,000
Auction Time:3:00 PM to 4:30 PM
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 Mira Road, Thane, Maharashtra. The property is being auctioned by the Bank of India under the SARFAESI Act. It presents an opportunity for prospective buyers to acquire a flat in a well-known area. Further details regarding the specific amenities, floor, and exact location within Mira Road can be obtained from the official auction notice.
State:Maharashtra
City:Thane
Area:Mira Road
Asset Category:Residential
Full Address:207, Govind Nagar Building, A, B, C, D Co-operative Housing Society Limited, Flat No. 207, Govind Nagar Building, A, B, C, D Co-operative Housing Society Limited, Survey No. 490, New Survey No. 68, Hissa No. 5 to 10, Parshva Nagar, behind Sal Petrol Pump, Mira Road (East), Mira Road, Thane
Building/Society:Govind Nagar Building, A, B, C, D Co-operative Housing Society Limited
Size:63.56 sq. mtrs
Auction Description
Bank of India is conducting a SARFAESI auction for a residential flat in Mira Road, Thane, Maharashtra. The auction will commence on December 9, 2025, at 11:00 AM and conclude at 05:00 PM on the same day. The reserve price for this auction is INR 51,30,000, with an Earnest Money Deposit (EMD) of INR 5,13,000 required to participate. This is a public auction, and interested bidders are advised to review all terms and conditions provided by the Bank of India.
Borrower Name:Mr. Mohammed Aaqib Shaikh
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Mohammed Aaqil Shaikh, Mohammed Ismail Shaikh, Mr. Mohammed Aaqib Aaqil Shaikh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Mira Road and relatively affordable reserve price make it a calculated opportunity. While the property is a flat, its size and the symbolic possession status introduce elements of risk and require careful due diligence. The potential for future appreciation in this developing area supports a cautious approach.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7587482384
