Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612039
Bank Name:Bank of Maharashtra
Branch Name:MUMBAI NORTH ZONAL OFFICE
Reserve Price:₹1,66,04,000
EMD:₹16,60,000
Bid Increment:₹1,00,000
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 the prime Naupada area of Thane, Maharashtra. The property is being auctioned by the Bank of Maharashtra under SARFAESI provisions. Ideal for individuals or families seeking a home in a well-established and accessible locality. The flat offers a comfortable living space in a sought-after urban environment.
State:Maharashtra
City:Thane
Area:Naupada
Asset Category:Residential
Full Address:503 & 504, Bharti Niwas, Bharti Niwas Vishnu Nagar, Near 19 Number Municipal School, Ghantali, Naupada, Thane West, Thane-400602, Naupada, Thane
Building/Society:Bharti Niwas
Auction Description
The Bank of Maharashtra is conducting an online SARFAESI auction for a residential flat in Naupada, Thane. The auction will commence on November 14, 2025, at 11:00 AM and conclude at 03:00 PM on the same day. The reserve price for this auction is ₹1,66,04,000, with an Earnest Money Deposit (EMD) of ₹16,60,000 required to participate. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
Borrower Name:Hariprasad Venugopal
Auction Type:SARFAESI Auction
Guarantor Names:Hariprasad Venugopal
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The flat in Naupada, Thane, presents a good investment prospect due to its prime location and reasonable reserve price. With clear auction terms and manageable EMD, it's a strong buy for those seeking residential property through bank auctions. The area's connectivity and residential appeal contribute to its investment viability.
Contact Details
Branch:Branch Office : MUMBAI NORTH ZONAL OFFICE
Service Provider:BAANKNET
Contact Details:
Suman Kumar Jha
Contact no:8530253773
