Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613017
Bank Name:Bank of India
Branch Name:Asset Recovery Management Branch
Reserve Price:₹88,00,000
EMD:₹8,80,000
Bid Increment:₹50,000
Auction Time:3:00 PM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:08-12-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
This is a residential flat located in Mumbai City, Mumbai, Maharashtra, offered through a SARFAESI auction by the Bank of India. The property was previously owned by Mr. Jarnail Singh Bains. It presents a valuable opportunity for prospective buyers in a prime urban location.
State:Maharashtra
City:Mumbai
Area:Mumbai City
Asset Category:Residential
Full Address:503, Karishma Tower, Flat No. 503, Karishma Tower, Behind Israel Jue Masjid, Dr. Sonumiya Road, Tembhi Naka, Tembhi Naka, Thane West, Mumbai
Building/Society:Karishma Tower
Size:840.00 Sq. Ft
Auction Description
The Bank of India is conducting a SARFAESI auction for a residential flat in Mumbai City, Maharashtra. The auction has a reserve price of ₹88,00,000 and requires an Earnest Money Deposit (EMD) of ₹8,80,000. Bidding will take place on December 9, 2025, starting at 11:00 AM and concluding at 05:00 PM on the same day. This is a significant opportunity to acquire property through a bank auction.
Borrower Name:Mr. Jarnail Singh Bains
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Gurmeet Kaur Bain
Legal Details
Possession Status:Symbolic
Encumbrance Details:Builder's Dues to be paid by Bidder Separately
Why This Property
The property is a residential flat in a well-connected area of Mumbai. The reserve price is reasonable, but the symbolic possession and builder dues add complexity. A calculated approach is recommended due to these factors.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:7977483885
